Broctagon Targets Asia with Labuan License
Posted by Colin Lambert. Last updated: May 25, 2021
Broctagon Fintech Group, which describes itself as a “multi-asset liquidity provider” in a release, has been granted a money broking license by the Labuan Financial Services Authority.
The firm says the license will allow it to support “a growing Asian market” and comes just months after it hired former SGX executive Cecilia Chan as head of FX.
Don Guo, CEO of Broctagon Fintech Group, says, “Covid-19 has changed the international trading landscape and we see something stirring in Asian trading. The capital markets in the region are becoming increasingly sophisticated and there is fresh demand for exceptional trading infrastructure to support this evolution, with Labuan playing a growing role as a financial and trading hub.”