- Malaysian exchange Hata raises $4.2M seed round
- Dual regulatory licenses set them apart
- Strategic investors join board to guide regional expansion
Fresh Capital Fuels Growth
Hata.io, Malaysia’s dual-licensed cryptocurrency exchange, landed $4.2 million in seed funding from Castle Island Ventures and Cadenza Ventures.
The platform targets retail and institutional traders who prefer MYR and USD trading pairs.
Regulatory Gold Standard
The exchange stands out in Malaysia’s crypto landscape through its unique dual licensing under Securities Commission Malaysia and Labuan Financial Services Authority.
This positions Hata strategically in a market where regulators maintain strict oversight of crypto operations.
Building on Strong Foundations
Following their earlier $690,000 pre-seed round from fintech angels, Hata welcomes both lead investors to their board.
CEO David Low plans to strengthen user confidence in crypto trading through enhanced platform capabilities across Asia Pacific.
