Alta Exchange, Southeast Asia’s leading securities exchange for alternative assets, and Phillip Securities have announced the relaunch of their Liquidity Programme for Income Insurance shares. This initiative, first introduced in January 2024, provides accredited investors with a structured pathway to trade shares of Income Insurance Limited, a prominent Singaporean insurer that remains unlisted on public exchanges.
The programme allows holders of Income Insurance shares to sell their shares through Phillip Securities, with trading facilitated on Alta Exchange’s platform. This collaboration leverages Phillip Securities’ extensive investor network and Alta Exchange’s digital infrastructure, licenced by the Monetary Authority of Singapore (MAS), to streamline transactions and broaden market participation.
Khai Lin Sng, CEO of Alta Exchange, highlighted the importance of the programme, stating, “The best companies are staying private longer than ever. The Liquidity Programme for Income Insurance Shares bridges that gap, combining tokenisation with a fully regulated secondary market on Alta Exchange to give Income Insurance’s eligible shareholders an orderly and digital path to liquidity on their own terms.”
Luke Lim, Managing Director of Phillip Securities, added, “As custodian and facilitating broker for this programme, PSPL is committed to supporting Income Insurance shareholders through every step of this process.”
The relaunch underscores Alta Exchange’s mission to enhance access to alternative assets through digital market infrastructure, offering a more efficient and secure trading experience for accredited and institutional investors.
