The Malaysian digital asset exchange Hata has completed a seed round financing of $4.20 million, which is intended to expand new products and grow its user base in Asia. This round was led by American venture capital firms Castle Island Ventures and Cadenza Venture, with participation from global cryptocurrency exchange Bybit, Singaporean investment firm AP Capital, American venture capital firm Plug and Play Tech Center, and the crypto accelerator Alliance.xyz. Hata CEO David Low stated that support from internationally renowned institutional investors will help the company build a stronger digital asset trading platform in Malaysia and Asia, enhancing user confidence. Nic Carter, founding partner of Castle Island, believes that Southeast Asia is a core market for global cryptocurrency adoption, and Hata has a strong competitive advantage due to its differentiated products and compliance strategy.

PANews reported on October 22 that Hata Digital Sdn Bhd, Malaysia's fifth licensed digital asset exchange, has successfully raised $4.20 million (18.07 million MYR) in seed funding, which will be used to expand new products and grow its user base in Asia. This round of financing was led by American venture capital firms Castle Island Ventures and Cadenza Venture, with participation from global cryptocurrency exchange Bybit, Singapore investment firm AP Capital, American venture capital firm Plug and Play Tech Center, and the crypto accelerator Alliance.xyz.

Hata CEO David Low stated that support from internationally renowned institutional investors will help the company build a stronger digital asset trading platform in Malaysia and Asia, enhancing user confidence. Nic Carter, founding partner of Castle Island, believes that Southeast Asia is a core market for global cryptocurrency adoption, and Hata possesses a strong competitive advantage with its differentiated products and compliance strategies.

Malaysian digital asset exchange Hata completes $4.20 million seed round financing.