Digital Asset Asset Trade ECXX Graduates from MAS’ Sandbox

Digital asset trade ECXX introduced right now that it has graduated from Sandbox Categorical underneath the Financial Authority of Singapore’s (“MAS”) Fintech Regulatory Sandbox Framework with the Recognised Market Operator(“RMO”) license with impact from 1 January 2022. ECXX efficiently entered the MAS Sandbox Categorical in August 2020.

ECXX believes that securitization and buying and selling of securities utilizing blockchain will make different investments like personal fairness, actual property, and different historically illiquid belongings extra accessible and liquid.

The digital asset trade has additionally utilized for a license underneath the PSA. It’s presently working a digital cost token trade primarily based on the exemption interval granted by MAS from holding a license underneath the PSA.

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