Tokenize Xchange (Tokenize), a cryptocurrency exchange based in Singapore, has announced its intention to expand into Taiwan by submitting a formal license application to Taiwan’s Financial Supervisory Commission (FSC) in January 2025. This move represents a significant step in Tokenize’s journey to become a trusted and regulated cryptocurrency platform in Southeast Asia, aligning with its ambitious regional growth strategy.
Securing this license will allow Tokenize to operate legally in Taiwan, capitalizing on the country’s growing cryptocurrency market while ensuring compliance with regulatory standards. As part of this expansion, Tokenize plans to increase its Taipei-based R&D team from 20 to 50 employees by mid-2025. The enhanced R&D hub will support the platform’s expanding user base across Southeast Asia and advance blockchain innovation through its proprietary Titan Chain. Developed with Cosmos SDK and EVM compatibility, Titan Chain addresses challenges like high transaction costs and scalability, providing developers with powerful and interoperable tools.
“Taiwan represents more than just a market for Tokenize—it’s an opportunity to pioneer blockchain innovation and regulatory leadership,” said Hong Qi Yu, Founder and CEO of Tokenize Xchange. “Our expanded Taipei R&D center will enhance our ability to meet the rising needs of crypto users and drive innovative advancements through Titan Chain.”
The creation of 30 new R&D positions as part of this initiative aligns with the Taiwan government’s goal of establishing the nation as a leader in the digital economy. With a Digital Asset Exchange license from Malaysia’s Securities Commission and regulatory exemptions in Singapore, Tokenize aims to solidify its presence in Southeast Asia.
With operations already established in Singapore, Malaysia, and Vietnam, adding Taiwan to its network further strengthens Tokenize’s regional presence. This expansion allows the company to deliver secure, innovative, and compliant cryptocurrency solutions tailored to the diverse needs of Southeast Asian investors.
About Tokenize Xchange
Headquartered in Singapore with a presence in major Asian markets, Tokenize Xchange is a leading digital asset exchange platform. It provides a secure and user-friendly interface for trading various cryptocurrencies, catering to both individual and institutional investors. Committed to innovation, customer service, and regulatory compliance, Tokenize is shaping the future of finance worldwide. Its native token, TKX, and its Titan Chain mainnet, designed for interoperability with the Ethereum network, exemplify cutting-edge blockchain technology.
Disclaimer:
This press release is intended for informational purposes only. While every effort has been made to ensure the accuracy of the information provided, the speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—means complete accuracy cannot be guaranteed.
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