Independent Reserve, an Australian-based crypto exchange, has opened a new office in the Central Business District in Singapore.
The move highlights the company’s focus on Singapore as a key location for its operations in Asia’s expanding Web 3.0 and digital assets sector.
Independent Reserve was among the first to secure a full digital payment token license from the Monetary Authority of Singapore (MAS) in 2021.
The new office aims to strengthen Independent Reserve’s efforts in innovation, compliance, and governance, while supporting its collaborations with regulators, partners, and clients.
Independent Reserve’s operations in Singapore include partnerships with DBS Bank and Fireblocks to enhance digital asset security and custodial services.
The exchange also participates in industry initiatives through its affiliations with the Association of Cryptocurrency Enterprises and Startups Singapore (ACCESS) and the Singapore Fintech Association (SFA).
With its regulatory framework and established financial ecosystem, Singapore provides a stable environment for Independent Reserve to expand its presence in Asia.
The company plans to build on this foundation to scale operations and explore opportunities in other markets in the region.
Lasanka Perera, CEO of Independent Reserve Singapore, said,
“This is an exciting time for us. Asia is a dynamic, thriving region that presents immense potential both in the short term and for future growth.
As we continue to build our suite of offerings and grow the business from Singapore, our new office will be a central hub for driving our expansion in this part of the world.”
To mark the opening, the company unveiled Soar, an artwork by Genine Tham from Extra•Ordinary People’s Creative Lab.
The piece celebrates diversity and inclusivity and is part of Independent Reserve’s “Better Together” initiative, which supports community programmes in Singapore.
Featured image credit: Edited from Freepik
