SC GIVES APPROVAL FOR TOKENIZE TO OPERATE

KUALA LUMPUR, April 3 -- Digital asset exchange (DAX) operator Tokenize Malaysia has received its full approval by the Securities Commission Malaysia (SC) to operate.

This comes amidst the first announcement by the SC in June 2019 that awarded only three DAX operators with conditional approval out of 23 digital exchanges who applied.

Those awarded include Luno Malaysia Sdn Bhd, SINEGY Technologies (M) Sdn Bhd and Tokenize Technology (M) Sdn Bhd.

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Tokenize Malaysia can now accept clients with its digital asset exchange being recognised as a safe and secure platform.

Tokenize chief executive officer and chief technology officer, Hong Qi Yu, said their 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.

“The digital asset industry is by far one of the best equipped and it is business as usual for us as the industry is used to working and communicating effectively across time zones and managing teams remotely,” he added.

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-- BERNAMA