Southeast Asian digital securities exchange for alternative assets Alta, along with PhillipCapital, has launched its income insurance share liquidity programme for shares in Income Insurance, a Singaporean composite insurer.

This is the largest listing of a non-listed company on a private securities exchange for institutional and accredited investors to trade and own the shares of a non-publicly listed company.

Alta’s exchange arm AltaX, together with Phillip Securities, a subsidiary of PhillipCapital and member firm of AltaX, have built a solution to facilitate the sale of unlisted Income Insurance shares through financial markets.

The programme will leverage PhillipCapital’s expansive investor network to provide straightforward, guided procedures to monetize Income Insurance shares. Shares of Income Insurance listed on AltaX will be available for trading by its network of global institutional and accredited investors.

This member-driven exchange model provides an avenue for member brokerages and their investors to invest and trade the shares of an established insurance provider in Singapore and in the broader Association of Southeast Asian Nations region. These shares can be tokenized on company’s blockchain-powered exchange.