Tokenize Malaysia, one of a handful of digital asset exchanges that was recognized as a conditional market operator by Securities Commission Malaysia in 2019, has received full regulatory approval according to multiple reports. The approval was delivered on April 1, 2020.
The approval qualifies the exchange as recognized as being a safe and secure platform.
Hong Qi Yu, Tokenize CEO / CTO, was quoted in the SunDaily, labeling the news a “crucial moment that the operator has been looking forward to:”
“We are now able to go ‘live’ in Malaysia and it is perfect timing – as we have received many interested enquiries from individuals aged 24 to 50 years old who are keen to invest in digital assets. Our focus in Malaysia is to champion a safe and secure platform as well as a user-friendly experience by offering both website and mobile apps clear guidance on digital asset investments.”
According to the Tokenize Malaysia website:
“This is a significant milestone for Tokenize as it positioned us among the few exchanges in the region to be able to offer fiat-to-digital asset pairings. Tokenize aspires to evolve into a Digital Assets Financial Platform that empowers the Next Generation with the vast applications in real-world from real estate to daily payment system.”
Currently, only three pairs are traded on the exchange including; BTC, ETH and XRP.