The Monetary Authority of Singapore (MAS) has granted the Recognised Market Operator (RMO) license to ECXX Global on Jan 5.
ECXX Global, which is 19.3% owned by Hatten Land, is a pioneer in operating digital asset exchanges using blockchain technology.
The company had previously received MAS’s approval in August 2020 to launch an asset-based digital securities exchange platform.
The license grant means the central bank has recognised ECXX as a market operator in terms of “operating an organised market for securities and collective investment schemes, the property of which consists solely of capital markets products, with effect from Jan 1, 2022”, says Hatten Land.
The license grant also means ECXX is exempted from complying with section 7(1) of the Securities and Futures Act (SFA) in terms of operating an organised market for collective investment schemes, the property of which consists solely of non-capital markets products.
As at 10.10am, shares in Hatten Land are trading 0.1 cent higher or 1.96% up at 5.2 cents.
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