Fusang Exchange, Asia's first fully licenced securities
exchange focused on digital assets recently obtained its Securities
Exchange approval in Labuan IBFC, Malaysia. Licensed under Part IX,
Section 134 of the Labuan Financial Services and Securities Act
2010, Fusang plans to launch in the latter half of 2019, offering a
platform for the primary listing of digital securities, listing of
alternative assets and secondary-market trading of security tokens
and cryptocurrencies.
(1) Fusang had its origins from providing family office
investment services. What led Fusang to pivot into the Fintech
space and how does this move change the focus on wealth/asset
management?
Fusang began our journey into fintech two years ago as we began
exploring the digital asset economy. We found a lack of
institutional infrastructure that could support regulated firms
such as ourselves. There were no institutional brokers, banks, fund
administrators, etc. Eventually we decided to begin
