Fusang Group partners with Point95 Global and Proxicoin
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Fusang Group partners with Point95 Global and Proxicoin 16 July 2019Hong Kong Reporter: Jenna Lomax
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Fusang Group has partnered with Point95 Global and Proxicoin to support the primary listing and secondary trading of security tokens.
Point95 Global will offer market-making services to securities listed on Fusang Exchange while Proxicoin, recently launched by PCN Media, will be among the first security tokens to be listed and traded on Fusang Exchange.
Fusang announced the approval of a Securities Exchange Licence in Labuan, Malaysia earlier this year and is expected to launch its exchange in the second half of 2019.
Since then, it has been working to create a digital asset exchange platform, supported by a tokenisation ecosystem made up of partners from across the industry.
Fusang is currently speaking to issuers, broker-dealers, distribution platforms, solution providers for technology and liquidity, professional parties in legal and accounting, and other interested parties across the region to create a comprehensive digital finance ecosystem.
Point95 Global is an integrated digital asset company that specialises in digital asset management, liquidity provision, over-the-counter brokerage and execution services.
Jingyuan Ye, chairman of Point95 Global, said: “The crypto asset market holds infinite potential, but institutional investors will only have the confidence to partake if they can see how it can be regulated.”
He added: “While digital exchanges around the world have been struggling with navigating the regulatory nature of exchanges, we believe that Fusang has been able to take a different approach by putting compliance and regulation first.”
Henry Chong, CEO of Fusang, commented: “We’re very excited to take this first step and look forward to working with PCN Media and Point95 Global. Through the partnerships we’ve announced, which we expect to be the first of many, we are building a strong foundation for our vision of what the digital asset world can offer.”
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