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 to Invest in the Cannabis Industry

How to Invest in the Cannabis Industry

Despite cannabis (also known as weed or marijuana) being illegal in a large part of the world, the global cannabis market was worth US$28.26 billion in 2021 and is expected to grow to US$197.74 billion by 2028. Gone are the days when venture capital firms would dismiss cannabis companies as problematic investments.

Why Crypto Markets Crash and 5 Ways Investors Can Deal

Why Crypto Markets Crash and 5 Ways Investors Can Deal

With more and more people holding cryptocurrencies today, the crypto crash of May 2022 has had severe financial consequences. Reliable currencies, including Bitcoin and Ether, met a terrible fate, as did stablecoins, amounting to losses of over US$300 billion.

How Lemi Is Helping Small Businesses Reach Their Customers

How Lemi Is Helping Small Businesses Reach Their Customers

Starting a business isn’t easy. From finding raw materials and making your products to actually reaching the right customer base, everything takes a lot of time and energy. Even though this process is so hard, a lot of people venture out and start their own businesses, so much so that small business enterprises (SMEs) make up 90% of the world’s businesses.

What Is CateCoin and Is It Legit

What Is CateCoin and Is It Legit?

At a time when meme coins, like Dogecoin and Shiba Inu, are enjoying immense popularity, another cryptocurrency has been laying the groundwork to compete with them: CateCoin.

Companies that Might Accept Crypto Payments in 2022

Companies that Might Accept Crypto Payments in 2022

The cryptocurrency industry is growing rapidly, and with that growth comes increased interest from companies looking to accept crypto payments. While there are already a few major companies that accept cryptocurrency payments, like Microsoft and PayPal, many more are considering following suit.