Singapore Exchange Ltd. signed a collaborative agreement with Nasdaq Inc. to explore the possibility of a concurrent or sequential listing on their respective exchanges.

The two stock exchange operators are looking to enhance the channels available for companies looking to access capital market funding in the U.S. and in Asia, according to an Oct. 18 release.

The two companies are also exploring the possibility of bringing Nasdaq's International Designation program to existing SGX-listed companies that wish to tap the investor base in the U.S.

In addition, SGX said it has started studying the possibility of streamlining the listing processes of both exchanges to create a more efficient pathway for companies looking to list in both venues.