IG-Owned Crypto Exchange Pushes APAC Growth with Corporate Payments and Yield Products

IG Group-owned crypto exchange Independent Reserve is going to add payment capabilities and yield products for corporate customers across the Asia Pacific. Announced today (Tuesday), the new products will be part of its “next phase of regional expansion” and are slated to launch in the second half of 2026.

New Corporate-Centric Crypto Products

Although the new products are subject to regulatory approvals, they will be built on the exchange’s existing regulated infrastructure.

“We’re seeing stronger demand from corporates and institutions for infrastructure that is regulated, scalable, and built for long-term participation,” said Lasanka Perera, CEO of Independent Reserve Singapore. “These new products are an extension of how we’ve been evolving our platform as we continue to build on the governance and compliance discipline we’re known for.”

IG closed its acquisition of Independent Reserve earlier this year. The London-listed giant, which recently entered the FTSE 100 index, previously revealed its plans to launch “a crypto proposition” for its customers in Singapore, Australia, and the UAE in the second half of 2026 following the deal.

Independent Reserve also highlighted that IG, as its parent, would bring global scale, institutional expertise, and platform capabilities to support its next phase of growth.

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An APAC-Focused Crypto Exchange

Headquartered in Australia, the crypto exchange generated A$35.3 million in revenue in FY25, a sharp increase from A$18.8 million in the previous year. It also reported EBITDA of A$9.9 million, with a 28.2 per cent margin.

At the time of its sale to IG, it had 129,400 funded accounts, A$1.7 billion in assets under custody, and an average of 116,000 monthly active customers.

The initial enterprise value of the deal was set at A$178 million. It was valued at five times its annual revenue for the last financial year.

IG initially acquired the crypto exchange for A$109.6 million. A further contingent payment of A$15 million will be made based on the performance of the Australian company in FY26. The UK broker also has a call option to purchase the 30 per cent stake it will not own at closing, with the valuation based on performance in FY27 and FY28.

“Singapore is a core market for IG,” added Matt Macklin, Managing Director of APAC and ME at IG Group, “with Independent Reserve playing a central role in our digital assets strategy and serving as a springboard for regional growth.”