pitchIN has partnered with Hata to enable trading of digital assets and utility tokens issued through its Token Crowdfunding (TCF) platform.
A licensed Digital Asset Exchange (DAX) in Malaysia, Hata operates local and global exchanges in Ringgit Malaysia and US Dollars.
Hata platform also offers competitive trading fees and an affiliate programme which offers users a 30% share of the trading fees generated by their referrals.
The collaboration aims to offer businesses that raise funds through pitchIN’s platform the option to list their tokens for trading on both Hata Malaysia and Hata Global exchanges.
pitchIN operates under the supervision of the Securities Commission Malaysia and offers both Equity Crowdfunding (ECF) and TCF services, allowing businesses to raise up to RM 100 million via digital assets.
This partnership provides businesses with access to a secondary market for their tokens, enhancing liquidity and trading opportunities.
Sam Shafie, CEO of pitchIN, said,
“This collaboration with Hata is the first of its kind in Malaysia, creating a one-stop centre where businesses can raise funds via digital assets or tokens to accelerate their growth, with the added benefit of seeking subsequent listing on Hata’s exchange.”
David Low, CEO of Hata, said,
“We are thrilled to partner with pitchIN. By supporting the listing of digital tokens from pitchIN’s TCF platform—subject to regulatory approval—Hata’s exchange provides Malaysians with subsequent access to trade these innovative tokens.
Much like how a stock exchange lists equities post-IPO, Hata aims to serve as the platform where these digital assets and digital tokens can be traded locally. Moreover, Hata’s global reach allows international investors to access these tokens on our platform.”
Featured image: (From left) Nicholas Chong (Head of TCF, pitchIN), Sam Shafie (CEO of pitchIN) , David Low (CEO of Hata.io), Darien Ng (CRO of Hata.io)
