to invest in early-stage digital finance and blockchain technology companies. Van Eck Associates anchored the fund with participation from Solana, Dapper Labs and WorldQuant Ventures, among others. Cadenza has recently launched its third early stage blockchain fund where it has a focus on emerging markets.<\/span><\/p>\nCadenza has previously invested in seed and Series A funding rounds of fintech companies including CoinDCX (India\u2019s largest digital asset exchange), VALR (South Africa\u2019s leading digital asset exchange), Rain (leading exchange in Middle East), FalconX, and Lemon (leading exchange in Latin America).<\/span><\/p>\nMax Shapiro, Managing Partner at Cadenza Ventures, adde<\/span>d, \u201cWe believe that Hata\u2019s innovative approach and commitment to user engagement will drive the next wave of growth in Malaysia\u2019s digital asset market. We are looking forward to working closely with the team as they navigate this evolving landscape.\u201d<\/span><\/p>\nHata previously secured MYR 3 million in pre-seed funding from a group of reputable angel investors in the fintech community, including 1337 Ventures and Raja Hamzah.<\/span><\/p>\nAbout Hata<\/span><\/h3>\nHata seamlessly connects the traditional financial system with the evolving world of digital assets, enabling anyone to easily buy, sell, and access digital assets using fiat currencies like the US Dollar and Malaysian Ringgit.<\/span><\/p>\nHata is regulated by both the Securities Commission Malaysia and the Labuan Financial Services Authority, making it the only dual-licensed exchange in Malaysia which ensures the highest standards of safety and oversight. As the exchange with the lowest trading fees and most number of digital assets offerings in Malaysia, Hata aims to make digital assets trading accessible and cost-effective for all users.<\/span><\/p>\nIn a move to further enhance user engagement, Hata has introduced a unique affiliate program that rewards users with a 30% share of the trading fees generated from their referrals. This initiative not only incentivizes community participation but also fosters a collaborative trading environment.<\/span><\/p>\nFor press inquiries, contact Hata at press@hata.io<\/span><\/p>\nDisclaimer:\u00a0This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.<\/i><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
Kuala Lumpur, Malaysia, 22st October 2024 \u2013 Hata.io, one of the trailblazing digital asset brokerage and exchange in Asia Pacific, has announced $4.2 million in seed fundraise. The company will use the capital to expand into new products and acquire users in the Asia region. Hata is regulated by both the Securities Commission Malaysia and the Labuan Financial Services Authority, making it the only dual-licensed digital asset exchange in Malaysia that serves both Malaysians and global digital asset investors. Malaysia is reported to have more than 840,000 digital asset investors with more than RM21 billion of trading volume traded annually on local exchanges. Hata is founded by an experienced team of exchange operators and compliance experts, including David Low as CEO (a qualified lawyer and formerly the General Manager of Luno\u2019s Asia Pacific businesses), KK Chong as CTO (a former university lecturer and cofounder of a blockchain solutions company) and Darien Ng as CRO (cofounder of a blockchain solutions company with 15 years of experience in the tech industry). Hata aims to serve the retail and institutional users in Asia who prefer to trade in fiat currencies such as the MYR and USD.\u00a0 The seed fundraise is led by prominent US-based institutional investors. Castle Island Ventures and Cadenza Ventures led the fundraise as lead investors, alongside other participating investors such as Bybit, AP Capital, Plug and Play Tech Centre, and Alliance.xyz\u00a0 \u201cWe are thrilled to have the backing of such esteemed institutional investors,\u201d said David Low, CEO of Hata. \u201cWith their support and our innovative offerings, we are committed to creating a robust platform that empowers users in Malaysia and in the Asia region to navigate the digital asset market with confidence.\u201d\u00a0 Both lead investors Castle Island Ventures and Cadenza Ventures bring a wealth of expertise to the table and will join Hata\u2019s Board as Directors.\u00a0 Castle Island Ventures is a digital asset firm that was founded by Fidelity alums Nic Carter and Matt Walsh. Castle Island Ventures primarily invests in startups in the monetary network, financial services and internet architecture spaces including Web 3. The firm\u2019s portfolio includes a number of infrastructure businesses, including Yellowcard, BlockFi, Matrixport, River Financial, Talos, Bitwise and Casa. Notably, Castle Island Ventures is also an early investor in Pintu, Indonesia\u2019s third largest digital asset exchange. Nic Carter, Founding Partner of Castle Island Ventures, expressed enthusiasm about the investment. Nick Carter said: \u201cMalaysia and the broader SE Asia region is the global epicenter of blockchain adoption and we are excited to support the talented team at Hata in their support of this market. We believe Hata is well-positioned to win due to their differentiated product focus and regulatory approach.\u201d\u00a0\u00a0 Meanwhile, Cadenza Ventures is led by managing partners Kumar Dandapani, who was formerly the data science head at Norwest Venture Partners, and Max Shapiro, a veteran of Blue Line Advisors. With a focus on transformative and decentralised technologies, Cadenza has raised a $50 million blockchain and fintech focused venture fund to invest in early-stage digital finance and blockchain technology companies. Van Eck Associates anchored the fund with participation from Solana, Dapper Labs and WorldQuant Ventures, among others. Cadenza has recently launched its third early stage blockchain fund where it has a focus on emerging markets. Cadenza has previously invested in seed and Series A funding rounds of fintech companies including CoinDCX (India\u2019s largest digital asset exchange), VALR (South Africa\u2019s leading digital asset exchange), Rain (leading exchange in Middle East), FalconX, and Lemon (leading exchange in Latin America). Max Shapiro, Managing Partner at Cadenza Ventures, added, \u201cWe believe that Hata\u2019s innovative approach and commitment to user engagement will drive the next wave of growth in Malaysia\u2019s digital asset market. We are looking forward to working closely with the team as they navigate this evolving landscape.\u201d Hata previously secured MYR 3 million in pre-seed funding from a group of reputable angel investors in the fintech community, including 1337 Ventures and Raja Hamzah. About Hata Hata seamlessly connects the traditional financial system with the evolving world of digital assets, enabling anyone to easily buy, sell, and access digital assets using fiat currencies like the US Dollar and Malaysian Ringgit. Hata is regulated by both the Securities Commission Malaysia and the Labuan Financial Services Authority, making it the only dual-licensed exchange in Malaysia which ensures the highest standards of safety and oversight. As the exchange with the lowest trading fees and most number of digital assets offerings in Malaysia, Hata aims to make digital assets trading accessible and cost-effective for all users. In a move to further enhance user engagement, Hata has introduced a unique affiliate program that rewards users with a 30% share of the trading fees generated from their referrals. This initiative not only incentivizes community participation but also fosters a collaborative trading environment. For press inquiries, contact Hata at press@hata.io Disclaimer:\u00a0This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.<\/p>\n","protected":false},"author":9,"featured_media":649348,"parent":0,"template":"","class_list":["post-649347","press_release","type-press_release","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\n
Hata, a dual-licensed digital asset exchange in Asia raises $4.2 million to make digital assets more accessible | NewsBTC<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n\t \n