Daily Briefing: WeWork eyes more flex work spaces in Singapore; Singapore to benefit from buyout fever in SEA

And here's a crypto exchange that is putting everything on the blockchain.

From Deal Street Asia:

Coller Capital's Private Equity Barometer revealed that Singapore, along with rest of Southeast Asia, will lure more buyouts in the next three years whilst other developed Asian markets are likely to lose their spark in attracting venture capital.

"The bi-annual survey asked 112 private equity investors based in North America, Europe, and Asia-Pacific their views about the industry to determine the worldwide trends in private equity. A net balance of about 26% of LPs surveyed said that Southeast Asia will be more attractive for private equity in the next three years. This compares to China’s 14% and Japan’s 11%."

Read more here.

From Tech in Asia:

Singapore-based crypto exchange Huobi said it will put its entire organisation on the blockchain, Gordon Chen, director of global ecosystem fund Huobi Eco, told Tech in Asia.

"Called Huobi Chain, the project is yet to be built. The company has launched a program inviting developers from all over the world to participate in creating its new public blockchain.

Huobi will fund the program with an initial investment of 30 million Huobi tokens, equivalent to about US$170m. The program consists of eight milestones, and teams will get a prize for hitting each one, said Chen.

Because the development process is open source, teams can come in at any stage."

Read more here.

From CNBC:

New York's office-sharing startup WeWork is looking to expand its presence in Singapore and Southeast Asia and said "more buildings are in the pipeline" for the island nation.

"The New York-based company, known for spacious buildings consisting of private offices and desks that it rents to freelancers, first entered the regional market last December with a Singapore branch. Since then, it's opened seven more locations in the city-state in addition to three sites in the Indonesian capital of Jakarta.

More buildings are in the pipeline for Singapore, with Bangkok up next, WeWork Managing Director of Southeast Asia Turochas 'T' Fuad told CNBC's Dan Murphy on Wednesday. Buildings in Manila and Kuala Lumpur could follow, he said."

Read more here.