The Singapore Exchange (SGX) launched Singapore Depository Receipts (SDRs) for three US-listed companies—Grab, Sea, and SpaceX—on July 21, with trading starting the next day on July 22, 2026 [1, 2, 3, 4]. This marks the first time SGX has offered US SDRs, joining its existing roster of 38 SDRs covering Thailand, Hong Kong, Indonesia, and the US markets [3, 4].
The new US SDRs allow Singapore retail investors to invest in these American firms through SGX during Singapore trading hours, in Singapore dollars, and under local regulations [1, 2, 4]. The SDRs represent fractional ownership of underlying foreign shares, providing a lower-cost alternative for investors who may find buying directly on US exchanges more expensive [1, 2]. SGX set the minimum board lot size for the US SDRs at 10 lots, significantly lower than the 100 lots required for other SDRs on SGX [1, 2]. Bernice Tan, SGX Group Vice President of Securities Market and Depository, said the reduced board lot size makes participation on Wall Street more accessible, especially for younger retail investors [1].
Around the launch date, Sea shares traded near US$107 and SpaceX shares near US$122, illustrating how the SDRs give investors fractional exposure at a lower price point [1, 2]. Sea and Grab were chosen because they are familiar Singaporean companies with daily consumer-facing businesses like ride-hailing and e-commerce [1, 2]. SpaceX was included as one of the largest and most-watched recent IPOs on Nasdaq in June 2026, fitting SGX's themes of long-term trends such as space and artificial intelligence [1, 2, 4].
SGX announced the US SDR launch on July 21 and began trading the following day, July 22 [1, 2, 3, 4]. The launch follows SpaceX’s initial public offering in June 2026 on Nasdaq [1, 2, 4]. After adding the US SDRs for Grab, Sea, and SpaceX, the total number of SDRs listed on SGX reached 38 [3, 4].
