FCX

A global first and historic moment introducing competition to clearing and settling, and the world’s first regulated DLT private market.   FCX’s license from ASIC and Reserve Bank of Australia is a huge moment in many ways. It was great to speak to Edward Boyd of Sky News Australia on what this means for Australia’s financial landscape, CHESS, and investors.

Great observations from The Hon Dr Jim Chalmers MP and The Hon Stephen Jones MP on our licensing:   “A new provider of clearing and settlement services has emerged… Clearing and settlement services are critical to the functioning and stability of financial markets and our changes made it possible for more providers to emerge.   The legislation which passed late last year created a framework for fair, transparent and non‑discriminatory access to market infrastructure for competitors, allowing them to offer their own clearing and settlement services, and that’s what’s happening.”

Our newly granted licences from ASIC and Reserve Bank of Australia make FCX the world's first ever fully-regulated platform for facilitating private market secondary transactions.   “FCX provides a ‘bridge’ from private to public delivering a fully regulated ecosystem for companies to utilise.” - David Ferrall   Public markets are shrinking - private markets are surging. FCX meets the needs of private companies who wish to remain private, and investors seeking direct access to regulated private market opportunities.   More on the licensing here: https://lnkd.in/enfs4_ih As reported by Juliette Saly for ausbiz:

🎉 We are delighted to announce FCX has been awarded the first-of-its-kind Australian Market Licence and Clearing and Settlement Facility Licence, to trade, clear and settle for the FCX Market - making us the first fully-regulated platform for facilitating private market secondary transactions. The licenses, from ASIC and the Reserve Bank of Australia, set a new global standard for regulated private capital markets and are a significant step forwards for Australia’s financial infrastructure. Read the full story from James Eyers in The Australian Financial Review. FCX is built on Digital Asset’s DAML for efficient and frictionless exchanges, without the need for multiple intermediaries.

It's a wrap! FCX was delighted to join 50 top Australian tech firms at Australian Parliament House for the Tech Council of Australia’s Innovative Tech Showcase. An amazing opportunity to showcase our latest technologies and connect with industry leaders, including FCX client Simon Sheikh from Future Group.   Thanks to all who made this event a success. We're excited to keep pushing the boundaries of tech innovation in Australia.   #TechCouncilAus #InnovationShowcase #AustralianTech #ParliamentaryShowcase

We are excited to be exhibiting at the Parliamentary Innovative Tech Showcase from Tech Council of Australia on Monday, alongside Australia's other top tech advancements and innovations. FCX will be there representing the future of private markets, alongside Damian Kassabgi, Kate Jones, Ed Husic MP, Paul Fletcher, Allegra Spender & John Galligan. There's still time to register and attend at Australian Parliament House. Catch us at Stand 22, near the coffee station. Fellow exhibitors include: WiseTech Global, updoc, CSIRO, Syncskills, Upplft, Academy Xi, Take2 AI, Indeed, Vow, Swimlane, AgriTech Corp., Verified Orchestration, AUCloud, Thales, IDVerse - An OCR Labs Company, PEXA, Fortiro, BlueKee, Okta, ViCyber, Zepto, Q-CTRL, Aerologix, Infleqtion, Diraq, Trellis Data, Gilmour Space Technologies, KomplyAi, SKUTOPIA, Twilio, Nabooki, SNAPI

📈 "There is growing demand for a regulated, seamless exchange for private companies that mirrors listed stock exchanges; for a better way to manage transactions; and to provide access and liquidity for investors to the massive untapped value private markets represent.” - Steve McLean 🤝 Our new MOU with Syndex New Zealand will advance cap raising, administrative, & liquidity capabilities for private companies and their investors on both sides of the water. 🌏 FCX and Syndex will share product & tech developments, and extend market presence to better support clients in both countries. Get all the details in our announcement below:

🌟 It’s so inspiring to meet the future generation of Aussie founders & entrepreneurs. 🌟 What an incredible experience to join the Genesis (USYD) cohort 33 finale at University of Sydney. As a proud prize sponsor, FCX represented by Steve McLean and Jenna Ah Hee, were thrilled to meet so many innovative and passionate young entrepreneurs. 🚀 A huge shoutout to all the participants for their inspiring ideas and hard work. We can't wait to see how your journeys unfold and we're here to support you every step of the way! Congrats to all the finalists Lumiate, AuxMachina, InnerSteps, Bella, Fuelin and Mii A special mention to the winners - Scott Tindal from Fuelin and Kyana Chan and Elysée Dubois from Bella 💼✨ At FCX, we believe in empowering the next generation of entrepreneurs. Our platform offers a range of features designed to help private companies grow and thrive.💡🔧 Let’s keep the momentum going! Reach out to us and explore how FCX can be your partner in achieving greatness. Together, we can turn visions into reality. 🌍🌱 #YoungEntrepreneurs #StartupSuccess #Innovation #Entrepreneurship The University of Sydney Business School

Private markets are opening to Aus investors at scale for the first time - with liquidity. Colonial First State's Kelly Power is the latest to see the huge opportunity in giving investors and advisers access to the fertile plains of private markets - and to rightly note that access has hitherto been obstructed by a lack of tech. Tokenisation has a major part to play, facilitating easier access. And you don't have to go to the US - we've cracked the code right here at FCX. As Cliona O'Dowd has put it for The Australian, "The potential for higher returns, as well as the diversification benefits and improved liquidity options" give private markets great appeal.

"Some private company operators are not racing to public markets…Canva a case in point. The $US26bn company raised $US1.5bn earlier this year, which helped early investors and staff cash in on their shares." This is a story we will hear replayed many more times over coming years. It is all very well to ’stay private longer’ – that’s certainly a dynamic we subscribe to – but companies and funds need a mechanism to realise value. This mechanism needs to be within 'regulated rails’ and operated by trusted counterparts, particularly given the size and complexity of transactions like this Canva trade. Unlike public listed markets, private companies have had no infrastructure to support them. Until now, transactions have been arranged in the shadows of a grey zone of the Corps Act. That is all about to change with FCX FCX has been built from the ground up to provide more efficient infrastructure than even the public markets we support. In addition we have worked with regulators for over two years to fill the gap in the Corps Act and provide the regulatory rails that will give companies and funds the confidence to transact at scale. Great piece by John Durie for The Australian