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Heliconia-backed XM Studios raises $4.5 mil through tokenised offering on ADDX

Atiqah Mokhtar
Atiqah Mokhtar9/9/2021 10:0 AM GMT+08  • 4 min read
 Heliconia-backed XM Studios raises $4.5 mil through tokenised offering on ADDX
The exchangeable notes offering was oversubscribed by 1.75 times.
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XM Studios, a producer of art collectibles, has raised $4.5 million in fresh capital through a tokenised offering on digital securities investment platform ADDX– formerly known as iSTOX.

Temasek subsidiary Heliconia Capital anchored the funding round with an investment of $1 million. The deal comes after Heliconia was announced as a new strategic investor in XM Studios last week.

See: Temasek unit becomes new strategic investor in XM Studios

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