TradeTogether Kicks off in Singapore Under MAS’ Exemption to Manage Crypto Fundsby Fintech News Singapore November 23, 2021
TradeTogether, a Singapore-based digital assets management company, continues to establish a strong footprint in the high-net-worth and institutional segments by operating under a regulatory exemption from the Monetary Authority of Singapore (MAS) to manage funds investing in cryptocurrencies.
The company was founded by ex-colleague-turned-friends, Geoff Ira and Jordan Ko when they were serving leadership roles at Standard Chartered Ventures, and decided to combine their expertise and passion in crypto investments at TradeTogether to grow the possibilities of increasing investment returns in the digital assets space including crypto, DeFi and NFTs.
TradeTogether, who had recently participated as co-exhibitor at Singapore Fintech Festival 2021 under the Singapore Fintech Association Pavilion, announced just after a few weeks of their incorporation in September 2021 of a pre-seed funding of US$500,000.
On future plans, TradeTogether said that once its mobile app is released, the company is planning to expand across the region and in Europe in 2022.
TradeTogether is also currently liaising with regulators, corporate and legal services in the EU to establish similar exemptions needed in each country.
Jordan Ko, Chief Strategy Officer of TradeTogether said,
“Our Crypto Fund product scheme will allow us to establish our footprint here as a Singapore-based entity and to accelerate our growth effort within the region along with our mobile app which will be ready beginning 2022.
By far, TradeTogether Software Enterprise, a platform and solution that combines advanced technology and human intelligence, has proved to serve profitable strategies according to the risk profile of each unique investor.”
Geoff Ira, CEO of TradeTogether added,
“It’s a fantastic encouragement for us as a young startup and also for our early investors. We started in August 2021 and knew exactly that obtaining an exemption was not optional in a strict environment.
We are very pleased that we can now serve the high net-worth individuals, family offices and institutions in Singapore with our MVP and website platform.”