Malaysia is emerging as a leading force in the digital asset revolution across Southeast Asia. With growing global interest in blockchain technology and cryptocurrency investment, the country has taken decisive steps to build a secure, transparent, and investor-friendly ecosystem.
Backed by forward-thinking regulations from the Securities Commission Malaysia (SC), the nation has established a robust framework for Digital Asset Exchanges (DAX), Digital Asset Custodians (DAC), and Initial Exchange Offering (IEO) operators. This regulatory clarity not only protects investors but also positions Malaysia as a trusted hub for fintech innovation.
If you're exploring how to safely engage with crypto in Malaysia, understanding which platforms are officially recognized is essential. This guide breaks down all SC-registered entities, their services, and why choosing regulation matters.
Understanding Malaysia’s Digital Asset Regulatory Framework
In 2019, the SC launched its comprehensive Digital Assets regime, bringing key players in the crypto space under formal oversight. The goal? To balance innovation with investor protection.
Under this framework:
- DAXs must meet strict compliance, cybersecurity, and capital requirements.
- DACs are licensed to securely store digital assets using institutional-grade safeguards.
- IEO operators facilitate compliant token fundraising for startups.
This multi-layered approach ensures that every aspect of the digital asset lifecycle—from trading to custody to fundraising—is governed by clear rules.
👉 Discover how regulated platforms enhance security and trust in Malaysia’s evolving crypto market.
List of Regulated Digital Asset Exchanges (DAX) in Malaysia
As of early 2025, the SC has approved six Recognised Market Operators (RMOs) authorized to run DAX platforms. These exchanges have undergone rigorous vetting and are required to uphold high standards in transparency, anti-money laundering (AML), and user protection.
HATA Digital Sdn Bhd
HATA Digital is a homegrown exchange co-founded by David Low, KK Chong, and Darien Ng. Designed for both retail and institutional users, HATA emphasizes simplicity, security, and accessibility.
The platform supports a wide range of major cryptocurrencies, making it ideal for diversified portfolios.
Supported Tokens:
Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL), Cardano (ADA), Avalanche (AVAX), Chainlink (LINK), Stellar (XLM), Uniswap (UNI), Bitcoin Cash (BCH), Litecoin (LTC), Polygon (MATIC), Aave (AAVE), Maker (MKR), Curve (CRV), Synthetix (SNX), Worldcoin (WLD), Cosmos (ATOM), Polkadot (DOT)
HATA continues to expand its offerings while maintaining strong KYC and AML protocols.
Luno Malaysia Sdn Bhd
Luno is one of the most trusted names in global crypto—available in over 40 countries with millions of users worldwide. Its Malaysian arm offers an intuitive interface, strong security features, and extensive educational content.
Ideal for beginners and seasoned traders alike, Luno provides seamless MYR-to-crypto onboarding.
Supported Tokens:
Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL), Maker (MKR), Aave (AAVE), Curve (CRV), Polkadot (DOT), Polygon (MATIC), Avalanche (AVAX), Cardano (ADA), Chainlink (LINK), Uniswap (UNI), Litecoin (LTC), Bitcoin Cash (BCH)
With years of operational experience and SC approval, Luno remains a top choice for secure trading.
MX Global Sdn Bhd
MX Global stands out due to strategic backing from Binance, giving it enhanced credibility and technical support. While it offers fewer tokens than some competitors, its focus is on high-liquidity, widely adopted assets.
Its integration with Binance’s ecosystem allows for efficient cross-platform operations.
Supported Tokens:
Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL), Worldcoin (WLD)
MX Global delivers a streamlined experience for users prioritizing speed and reliability.
SINEGY DAX Sdn Bhd
SINEGY is a fully Malaysian-owned exchange focused on empowering local traders. It operates the SINEGY Marketplace, where users can buy and sell crypto directly using MYR.
The platform also features a unique rewards program that incentivizes active participation.
Supported Tokens:
Bitcoin (BTC), Ethereum (ETH)
Though limited in token selection, SINEGY excels in community engagement and localized service delivery.
Tokenize Technology (M) Sdn Bhd
Tokenize aims to make crypto accessible through a user-friendly platform combined with strong educational resources. It supports several major coins and actively guides new investors through market dynamics.
Their commitment to transparency builds long-term trust.
Supported Tokens:
Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), Uniswap (UNI), Solana (SOL)
Tokenize is particularly effective for users seeking guided learning alongside trading functionality.
Torum International Sdn Bhd
Torum blends social networking with crypto trading—a concept known as SocialFi. It’s building a Metaverse ecosystem that connects global crypto communities through discussion, collaboration, and investment.
Backed by KuCoin Labs and Huobi Ventures, Torum brings innovation to the forefront.
Supported Tokens:
Bitcoin (BTC), Ethereum (ETH), Avalanche (AVAX), Chainlink (LINK), Polygon (MATIC), XRP (XRP)
Perfect for tech-savvy users interested in community-driven finance.
What Are Digital Asset Custodians (DACs)?
Beyond exchanges, Digital Asset Custodians (DACs) play a critical role in securing investors' holdings. These licensed entities provide cold storage solutions, multi-signature wallets, and institutional-grade protection against theft or loss.
The SC requires all DACs to comply with strict operational and cybersecurity standards—ensuring your digital wealth stays safe even in volatile markets.
CoKeeps Sdn Bhd
As Malaysia’s first regulated DAC, CoKeeps sets the benchmark for secure custody. Using advanced technologies like multi-party computation (MPC) and decentralized key management, it protects assets without relying on single points of failure.
CoKeeps serves both individual and institutional clients seeking enterprise-level security.
Gambit Custody Sdn Bhd
Gambit Custody offers secure storage for cryptocurrencies and tokenized real-world assets. As a trusted third party, it ensures integrity and availability of digital holdings at all times.
Its services are tailored for businesses and high-net-worth individuals managing complex portfolios.
Jada Platform Sdn Bhd
Jada Platform provides comprehensive DAC solutions including digital asset custody, issuer services, and institutional support. Though newer to the scene, it’s rapidly gaining recognition for reliability and scalability.
Jada integrates seamlessly with broader financial infrastructure, supporting future growth in tokenized finance.
Octowill Sdn Bhd
Octowill takes a unique approach by combining blockchain-based estate planning with digital asset custody. When users create a will or e-nomination through Octowill, their crypto assets are automatically placed under secure custody.
This innovative model bridges traditional inheritance practices with modern digital ownership.
👉 Learn how secure custody solutions protect your long-term crypto investments.
Initial Exchange Offering (IEO) Operators in Malaysia
IEOs allow startups to raise capital by issuing digital tokens via regulated exchanges. Unlike unregulated ICOs, IEOs under SC oversight come with investor safeguards and due diligence processes.
Currently, two entities are authorized to operate IEO platforms:
Kapital DX Sdn Bhd (KLDX)
KLDX made history as Malaysia’s first registered IEO operator. It enables companies to issue tokens representing equity, debt, or utility rights—all within a compliant framework.
Operating under SC supervision, KLDX ensures transparency, fair pricing, and legal accountability throughout the fundraising process.
Pitch Platforms Sdn Bhd (pitchIN)
Known for its successful equity crowdfunding platform pitchIN, this company has expanded into IEOs. Leveraging years of experience in startup financing, pitchIN brings credibility and investor networks to digital token offerings.
Its hybrid model merges traditional crowdfunding principles with blockchain innovation.
Why Choosing Regulated Crypto Services Matters
With numerous platforms available—both local and international—it’s tempting to trade on unregulated sites offering higher returns or lower fees. However, doing so exposes you to significant risks:
- ❌ No legal recourse in case of fraud or platform failure
- ❌ Weak or non-existent KYC/AML checks
- ❌ Poor cybersecurity standards
By contrast, SC-regulated providers offer:
✅ Strong investor protection
✅ Transparent operations
✅ Compliance with AML/KYC laws
✅ Secure fund handling
Choosing a registered DAX, DAC, or IEO operator isn’t just about compliance—it’s about peace of mind.
Frequently Asked Questions (FAQ)
Q: How do I verify if a crypto exchange is regulated by the SC?
A: Visit the official Securities Commission Malaysia website and check the list of Recognised Market Operators. Only deal with entities listed there.
Q: Are foreign exchanges like Binance legal in Malaysia?
A: Foreign platforms not registered with the SC are prohibited from offering services to Malaysian users. Always use SC-approved local exchanges.
Q: Can I store my crypto on a DAC instead of an exchange?
A: Yes—and it’s highly recommended for large holdings. DACs offer stronger security than most exchange wallets.
Q: What happens if a regulated exchange shuts down?
A: Regulated firms must follow wind-down procedures that include returning customer assets. The SC oversees this process to protect investors.
Q: Is investing in IEOs safe in Malaysia?
A: IEOs on SC-approved platforms undergo due diligence and are subject to disclosure rules, making them significantly safer than unregulated token sales.
Q: Do I need to pay taxes on crypto gains in Malaysia?
A: Yes. The Inland Revenue Board treats cryptocurrency profits as taxable income. Always keep records of your transactions.
By aligning with regulated services, Malaysian investors can confidently participate in the future of finance—securely, legally, and sustainably. Whether you're trading BTC, storing ETH, or investing in an IEO, always prioritize platforms under SC oversight for maximum protection.