pitchIN, Hata partner up to create a one-stop centre for digital assets

Kuek Ser Kwang Zhe

10/4/20242 min read

PETALING JAYA (Oct 1): Businesses can now raise funds via digital tokens and list them on an exchange for trading through a “one-stop centre”, enabled by the partnership between licensed equity crowdfunding platform pitchIN and digital asset exchange (DAX) Hata.

“This collaboration is the first of its kind in Malaysia, where businesses can raise funds via digital assets or tokens to accelerate their growth, with the added benefit of seeking subsequent listing [of their digital tokens] on Hata’s exchange,” said pitchIN chief executive officer Sam Shafie.

On top of equity crowdfunding, pitchIN also operates a token crowdfunding platform under the supervision of the Securities Commission Malaysia. Start-ups and businesses can raise a maximum of RM100 million via the platform.

Hata CEO David Low said the partnership provides Malaysians with better access to participate in innovative projects and companies through the trading of digital tokens.

“Much of how a stock exchange lists equities post-IPO, Hata aims to serve as the platform where digital assets and digital tokens can be traded locally. Moreover, Hata’s global reach allows international investors to access these tokens on our platforms. We are thrilled to partner with pitchIN,” he said.

Low added that Hata offers the lowest trading fees among DAXs in Malaysia and has introduced an affiliate programme that gives users a 30% share of trading fees from their referrals.

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