Fusang Exchange – Asia’s First Licensed Securities Exchange Focused on Digital Assets

MALAYSIA / HONG KONG / SINGAPORE, 28 FEBRUARY 2019 — Fusang Group is pleased to announce it has received approval for a Securities Exchange licence in Labuan, Malaysia under Part IX, Section 134 of the Labuan Financial Services and Securities Act 2010 (LFSSA). Once launched, Fusang Exchange will be the first fully-licensed securities exchange focused on digital assets in Asia.
 
As a licensed Securities Exchange, Fusang Exchange will be able to offer primary listings of public companies, and will support the trading of tokenized securities, cryptocurrencies, and fiat currencies. Running similarly to traditional securities exchanges around the world, Fusang Exchange will run a network of licensed and regulated exchange members who will be allowed to trade directly on the platform.
 
“We’re honoured to be working with the Labuan Financial Services Authority and taking the market into the digital asset era. We’ve always seen Labuan as a fantastic option for businesses to work in, and this licence reiterates Labuan FSA’s dedication to making Labuan a pro-business environment. We look forward to working with them to bring a whole new range of companies and industries into the digital asset space,” said Henry Chong, CEO of Fusang.
 
Fusang Exchange will be offering its listing services not only to crypto companies, but is also seeking to demystify the digital asset space for traditional companies with real assets.
 
Chong believes that the market provides an opportunity for companies that were once overlooked by traditional exchanges as a result of higher operational costs.
 
“With higher costs, it’s natural that the focus of traditional exchanges has always been on larger companies,” says Chong. “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. While we’re working on the infrastructure of the exchange, we’re also focusing on how we can develop innovative business models and capital raisings for issuers.”
 
Fusang Exchange is expected to launch in the latter half of 2019. It is currently working to fulfill the operational and prudential conditions of its licence, while working with investors to scale business operations teams in the region.

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

How Is Technology Influencing the Food and Beverage Industry

How Is Technology Influencing the Food and Beverages Industry?

Food waste, sustainability and animal cruelty are some of the biggest challenges facing the food and beverage (F&B) industry nowadays. Like any other sector, the industry is dipping its toe into technology and innovations to seek solutions. While we are already seeing more food tech solutions in our everyday lives, like plant-based meat alternatives and food waste management startups.

3 Innovations for a Cleaner Environment You Never Heard Of

3 Innovations for a Cleaner Environment You Never Heard Of

Innovation in clean energy, sustainable infrastructure and eco-friendly solutions to environmental hazards are the need of the hour. The burden on the world’s natural recourses is immense, and it is high time we focus on renewability and diversification. While we are only scratching the tip of the iceberg, here are three innovations working to create an environment-friendly future.

How Can Entrepreneurs Overcome Loneliness?

How Can Entrepreneurs Overcome Loneliness?

Starting your own business is a project that will take over most of your life. You are straying away from the typical 9-5 jobs that your friends and family may have. The sheer effort you have to make to get a business up and running will leave you feeling lonely. While it might seem almost expected to feel lonely during your startup journey, loneliness is a slippery slope to several health conditions.

8 Techniques to Get Readers Rolling Right into Your Content

8 Techniques to Get Readers Rolling Right into Your Content

We’ve all been there. We’ve spent hours crafting the perfect blog post, article or white paper, but no one is reading it. Why? It could be for a million reasons, but often it’s because we’re not doing enough to get people to come to our content. In this article, we’ll learn about the eight techniques that will help you draw in readers and get your content read!

Amazon vs Flipkart Who Will Win Festival Sale War in India

Amazon vs. Flipkart: Who Will Win the Big Festival Sale War in India?

Amazon India and Flipkart, the two biggest ecommerce giants in India, have always been in a neck-to-neck competition for supremacy in the country. There is no better occasion to showcase their strength and take advantage of people’s shopping mood than during the Indian festive season, which begins in late September featuring various festivals, like Durga Pooja, Dussehra and Diwali.