Digital Asset Asset Exchange ECXX Graduates from MAS’ Sandboxby Fintech News Singapore January 10, 2022
Digital asset exchange ECXX announced today that it has graduated from Sandbox Express under the Monetary Authority of Singapore’s (“MAS”) Fintech Regulatory Sandbox Framework with the Recognised Market Operator(“RMO”) license with effect from 1 January 2022. ECXX successfully entered the MAS Sandbox Express in August 2020.
ECXX believes that securitization and trading of securities using blockchain will make alternative investments like private equity, real estate, and other traditionally illiquid assets more accessible and liquid.
The digital asset exchange has also applied for a license under the PSA. It is currently operating a digital payment token exchange based on the exemption period granted by MAS from holding a license under the PSA.