Tokenize has set up a new platform focussing on institutional investors

Tokenize Xchange, a digital trading platform based in Singapore has shared that it has established another platform named Tokenize Premier.
The new platform is centred on institutional investors as well as hedge funds and high net worth persons.

Today, Tokenize Premier went live and will openly back options, derivatives, futures and spot trading. The information was shared by Hong Qi Yu, the founder of Tokenize Xchange. From a total of 300,000 Tokenize users, 80% are retail traders.

“Institutional clients are discriminated currently and we are willing to mention them with Tokenize Premier, and it will also consist of financing, credit lines and block trade quotes,” said Hong.

The platform is among those companies which are running under a “privilege” in the nation. Also, the appeal for a license to trade virtual assets is overseen by the MAS. MAS is popularly known as the Monetary Authority of Singapore and also a crypto detractor. MAS says that such type of trading is extremely dangerous for non-professional investors.

As per the founder of Tokenize Xchange, the trading volumes of institutional investors on the platform has gone 2x in the last few months and the new platform will do its best to meet the numbers. However, the exact figure wasn’t told by the founder.

Tokenize Premier will help institutional investors in implementing direct over-the-count traders, rather than texting and voice trading on the normal platform. And the eventual method is identical to the method of doing FX trades in the 90s and is now out-of-date, Hong shared.

In line with Tokenize, OTC trade as a single trade of over US$50,000.

Other exchanges

One more crypto exchange from Singapore, Coinhako has a full license to function in the city-state. It is also focusing on deep-pocket investors. It also initiated Coinhako Treasures that offered products that meets the demands of institutional clients.

Coinbase, a crypto exchange from the United States and Blockchain.com, a crypto financial services company has got in-principle acceptance by the Monetary Authority of Singapore in October 2022. Both the company has revealed that they will target institutional and corporate clients.

KPMG China, a professional company providing audit, Tax and advisory services and Aspen Digital, an asset management company have collectively conducted a survey which states that family offices along with high net worth individuals will push the adoption of virtual assets over Asia.

The testifiers of this survey quoted the possibility for gains, mainstream institutional attention and the low returns from traditional financial instruments is the main reason for their inclination towards virtual assets.