Fusang Launches the First Asian Tokenized Securities Exchange
by
Malynnda Littky
The Malaysia licensed exchange will offer primary listings of public companies and digital assets.
Hong Kong-based Fusang Group announced receipt of approval for a Securities Exchange license from the Labuan International Business and Finance Centre (IBFC), based in Malaysia. Fusang Exchange will be the first fully licensed Asian securities exchange with a focus on digital assets. The group is a provider of asset management services to affluent families and individuals in Asia.
Fusang CEO Henry Chong noted that the Asian securities exchange would promote tokenization as an option for traditional companies holding real assets, while also simplifying trading of digital securities, crypto, and fiat currencies on a single platform.
According to Chong, “...it’s natural that the focus of traditional exchanges has always been on larger companies. But companies that want Liquidity in their stock, along with owners of real assets such as real estate, can consider the benefits of listing on our exchange.”
Operations are expected to begin in the second half of 2019. Currently, Fusang Exchange is focused on developing its platform technology and on fulfilling the regulatory licensing requirements stipulated by the Labuan IBFC.
This is not the first crypto venture of the company, that recently increased its involvement in fintech and crypto investments. Last July the family office launched 'Fusang Vault,' a custody service for cryptocurrency-denominated assets managed by institutional investors.
Rising competition
The company may be running out of time to capitalize on its early start, as it is expected to be facing stiff competition from the Stock Exchange of Thailand, that began negotiations with the Thai Securities and Exchange Commission to receive their license for a new digital exchange. The SET hopes to launch the exchange by the end of 2019.
The new exchange is one of several investments companies that have scaled up in Asia following a series of stringent rulings from the European Securities and Markets Authority (ESMA). A number of expert panelists at the Finance Magnates iFX EXPO Asia 2019 conference in January confirmed that this region had seen a significant influx of both new financial services firms, as well as an increased number of both retail and institutional traders, as European brokers and exchanges search for business in more lenient jurisdictions.
Hong Kong-based Fusang Group announced receipt of approval for a Securities Exchange license from the Labuan International Business and Finance Centre (IBFC), based in Malaysia. Fusang Exchange will be the first fully licensed Asian securities exchange with a focus on digital assets. The group is a provider of asset management services to affluent families and individuals in Asia.
Fusang CEO Henry Chong noted that the Asian securities exchange would promote tokenization as an option for traditional companies holding real assets, while also simplifying trading of digital securities, crypto, and fiat currencies on a single platform.
According to Chong, “...it’s natural that the focus of traditional exchanges has always been on larger companies. But companies that want Liquidity in their stock, along with owners of real assets such as real estate, can consider the benefits of listing on our exchange.”
Operations are expected to begin in the second half of 2019. Currently, Fusang Exchange is focused on developing its platform technology and on fulfilling the regulatory licensing requirements stipulated by the Labuan IBFC.
This is not the first crypto venture of the company, that recently increased its involvement in fintech and crypto investments. Last July the family office launched 'Fusang Vault,' a custody service for cryptocurrency-denominated assets managed by institutional investors.
Rising competition
The company may be running out of time to capitalize on its early start, as it is expected to be facing stiff competition from the Stock Exchange of Thailand, that began negotiations with the Thai Securities and Exchange Commission to receive their license for a new digital exchange. The SET hopes to launch the exchange by the end of 2019.
The new exchange is one of several investments companies that have scaled up in Asia following a series of stringent rulings from the European Securities and Markets Authority (ESMA). A number of expert panelists at the Finance Magnates iFX EXPO Asia 2019 conference in January confirmed that this region had seen a significant influx of both new financial services firms, as well as an increased number of both retail and institutional traders, as European brokers and exchanges search for business in more lenient jurisdictions.
Australia Gears Up for Bitcoin ETFs: ASX Leads the Charge
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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