New Union Appoints Vistra Trust As Escrow Agent
Bringing trust to a new level, New Union appoints Vistra Trust as Escrow Agent.
After 2 seasons of discussions and structuring, we are proud to announce that New Union has recently entered a partnership with the trust company, Vistra, an international trust company to hold your crowdfunded funds. Vistra is a global independent provider of trust, fiduciary, corporate and fund services who is licensed and regulated by the Monetary Authority of Singapore (MAS).
As one of Southeast Asia's largest crowdfunding platforms, we are grateful for the confidence that all of you have placed in us and our mission to help SMEs. New Union believes that we should ensure all funding pledges are managed in the way you intended it, through our cooperation with Vistra Trust.
In the year of 2016, New Union is proactively working to be more transparent through the engagement of a government-regulated trustee to administer the invested funds, advantaging all parties in our crowdfunding business model, says our Managing Director, Eddie Lee.
If you have any questions about New Union's escrow account, please free to reach out to your Portfolio Manager or call us at +65 6536 5356.
