SGX has sold Cybavo stake to USDC issuer Circle

According to FintechNews, the Singapore Stock Exchange ADDX has sold its shares in Cybavo, a digital asset infrastructure platform, to Circle, the USDC issuer. Details of the transaction have not yet been disclosed. It is reported that this transaction is part of Circle’s plan to acquire Cybavo. Circle signed an acquisition agreement with Cybavo in June this year. The specific acquisition amount was not disclosed, and ADDX is an investor in the company’s pre-A round of financing and holds a large number of shares.