SettleMint vs ADDX
ADDX built Singapore's leading digital securities venue. DALP builds the infrastructure behind yours.
ADDX operates Singapore's regulated digital securities exchange with MAS CMS and RMO licenses, $700M+ in digitized commercial paper, and an expanding white-label platform live with Tokai Tokyo Securities. DALP provides a different proposition: institution-owned infrastructure for building and operating your own digital asset program, with full deployment flexibility, multi-jurisdictional compliance, and lifecycle controls not tied to any single exchange.
Feature Comparison
DALP vs ADDX
| Dimension | DALP | ADDX |
|---|---|---|
| Platform model | Neutral infrastructure platform: institutions build and operate their own digital asset programs. No venue dependency, no geographic license constraint | Licensed digital securities exchange (MAS CMS + RMO) plus white-label platform. Issuers access ADDX's regulated venue and investor network |
| Geographic coverage | Global: active deployments in MENA, Europe, and APAC including sovereign-scale programs. No jurisdiction lock-in | Singapore primary regulatory base (MAS CMS + RMO). Expanding regionally via white-label. Strongest in Singapore/APAC investor network |
| Compliance enforcement | Ex-ante enforcement via 12 compliance module types: investor eligibility, transfer restrictions, jurisdiction controls, time-based rules. ERC-3643 and OnchainID | MAS-regulated exchange with KYC/AML onboarding, investor gating, and accredited/institutional controls. Direct regulatory credibility strongest in Singapore context |
| Atomic settlement (DvP/XvP) | Atomic DvP and XvP via HTLC hashlock with escrow-based approval, AES-256-GCM encryption. Both legs complete together or both revert | Exchange and marketplace model with secondary trading. Blockchain/smart contract settlement. Atomic DvP mechanics not prominently documented |
| Custody controls | Bring-your-own-custodian: Fireblocks, DFNS. Maker-checker approval workflows, RBAC/ABAC, HSM compatibility, weighted multisig vaults | DBS Bank as primary custody partner. Confirmed custody partnership provides institutional credibility. No bring-your-own-custodian model documented |
| Deployment model | On-premises, cloud, hybrid, air-gapped. Helm/Kubernetes with Velero backup/DR. Full data residency support | Cloud-native platform. White-label deployment live with Tokai Tokyo Securities. On-premises deployment not documented |
| Developer tooling | 298 CLI commands, REST API, GraphQL, event webhooks. 21 pre-built Grafana dashboards. Public API documentation available | No public SDKs or developer portal documented. White-label configuration rather than developer-first integration model |
| Asset lifecycle depth | Full lifecycle: issuance, compliance, custody, atomic settlement, automated servicing (coupons, dividends, redemptions, maturity) across 7 asset types | Strong fixed income issuance: commercial paper, bonds, structured notes. PE secondaries, real estate, money market funds. Servicing exists but less configurable than DALP |
Why Choose DALP
3 Reasons Institutions Choose DALP Over ADDX
ADDX's regulated venue is a genuine advantage in Singapore. For institutions building their own programs beyond a single exchange jurisdiction, DALP offers infrastructure ownership without lock-in.
DALP provides neutral infrastructure for building your own digital asset program. ADDX is a licensed venue: issuers access ADDX's investor network and regulatory credibility. For institutions that want to own their platform rather than depend on a single marketplace, the models differ fundamentally.
DALP has active deployments across MENA, Europe, and APAC with no jurisdiction lock-in. ADDX's strongest regulatory position is MAS/Singapore. For institutions operating across UAE, Germany, or Saudi Arabia, DALP avoids the geographic constraints of a Singapore-licensed venue.
DALP integrates with Fireblocks, DFNS, and any compatible custodian via maker-checker workflows. ADDX partners with DBS Bank as primary custodian. For institutions with existing custodian relationships, DALP's bring-your-own-custodian model avoids custodian lock-in.
Key Differentiators
What institution-owned infrastructure provides
Neutral platform: no trading venue dependency, no geographic license constraint for MENA or European deployments
298 CLI commands for operational control: every token operation, compliance action, and monitoring command is scriptable
21 pre-built Grafana dashboards: blockchain health, API performance, compliance activity, and security events
12 compliance module types: investor eligibility, transfer restrictions, jurisdiction controls enforced ex-ante
Bring-your-own-custodian: Fireblocks, DFNS with maker-checker approval workflows and HSM compatibility
On-premises and air-gapped deployment for institutions with strict data residency requirements
Frequently Asked Questions
ADDX is a Singapore-regulated digital securities exchange (MAS CMS + RMO licenses) with $700M+ in digitized commercial paper, a growing white-label platform, and strong APAC investor distribution. DALP is neutral infrastructure for building institution-owned digital asset programs with no venue dependency, multi-jurisdictional deployment, and full lifecycle management across 7 asset types.
ADDX holds MAS CMS and RMO licenses, providing direct regulatory credibility as a licensed marketplace in Singapore. DALP is a platform provider — regulatory licensing is managed by your legal team. In Singapore, ADDX's licensed status is a genuine advantage for marketplace operations. For institutions in MENA, Europe, or building their own regulated program rather than accessing a marketplace, DALP's 12 compliance module types provide configurable technical enforcement.
Yes. DALP supports on-premises and air-gapped deployment via Kubernetes and Helm with Velero backup and disaster recovery. ADDX is a cloud-native platform without documented on-premises deployment options.
Yes. DALP includes XvP and DvP atomic settlement via HTLC hashlock: both the asset and cash legs complete together or both revert. ADDX provides exchange and marketplace-based settlement. Atomic DvP mechanics are not prominently documented in ADDX's public materials.
DALP provides a bring-your-own-custodian model: native integrations with Fireblocks and DFNS, HSM compatibility, and maker-checker approval workflows. ADDX partners with DBS Bank as primary custodian. DALP's model avoids custodian lock-in for institutions with existing custodian relationships.