Raffles, Cicada to launch Raffles reserve treasury

Executive Summary

• Raffles Financial Group Ltd. (RICH) has entered a strategic collaboration with Cicada Finance to launch the "Raffles Reserve Treasury" (RRT), a digital asset designed to integrate cryptocurrencies into trade finance credit facilities for companies preparing for Initial Public Offerings (IPOs).
• The initiative aims to bridge traditional corporate finance with decentralized finance (DeFi), leveraging Raffles' expertise in public listings and Cicada's capabilities in tokenomics and Web3 asset structuring.
• The RRT will be issued through a Singapore-incorporated special-purpose vehicle and will utilize perpetual bond units to finance a diversified cryptocurrency portfolio, serving as collateral for stablecoin issuance and revolving trade finance credit facilities.

Key Details

• Parties Involved: Raffles Financial Group Ltd. (RICH) and Cicada Finance.
• Product Name: Raffles Reserve Treasury (RRT).
• Structure: Issued via a Singapore-incorporated special-purpose vehicle (SPV), leveraging Singapore's digital finance framework.
• Underlying Assets: The RRT finances a diversified cryptocurrency treasury portfolio including Bitcoin, Ethereum, Ripple, Solana, and Chainlink.
• Mechanism: The RRT issues perpetual bond units to finance the crypto portfolio. This portfolio acts as collateral for stablecoin issuance and revolving trade finance credit facilities.
• Target Clients: IPO-ready firms seeking to accelerate growth and prepare for North American listings.
• Investor Value Proposition: Generates value through arrangement fees and opportunities for investors to buy IPO shares at pre-IPO discounts.
• Strategic Goals: Unlock exponential demand for crypto assets, provide institutional-grade financial products, and enable IPO-ready clients to secure scalable capital and stronger valuations.
• Context: The announcement references Token2049, a major cryptocurrency conference held in Singapore in early October, which attracted over 25,000 global investors.

Notable Quotes

• Dr. Charlie In, Chairman of Raffles Financial: "The Raffles reserve treasury combines the rigour of traditional trade finance with the innovation of DeFi, enabling IPO-ready clients to secure scalable capital and stronger valuations for North American listings."
• Gary Yang, CEO of Cicada Finance: "The RRT is more than a digital treasury: it's a bridge between institutional finance and decentralized ecosystems, opening new highways for sustainable crypto-backed trade finance."
• Iris Yu, Incubation Investor at Cicada Finance: "The RRT offers a new liquidity framework, allowing clients to leverage crypto assets for trade finance while building momentum toward IPOs on North American exchanges."