[{"data":1,"prerenderedAt":93},["ShallowReactive",2],{"/blog/gambit-custody-second-dac-2023":3},{"id":4,"title":5,"author":6,"authorPic":7,"body":8,"category":82,"coverPics":18,"date":83,"description":84,"extension":85,"meta":86,"navigation":87,"path":88,"seo":89,"stem":90,"type":91,"__hash__":92},"blogs/blog/gambit-custody-second-dac-2023.md","Gambit Custody wins approval as Malaysia's second digital asset custodian","Malaysia Blockchain Association Team","https://api.dicebear.com/7.x/avataaars/svg?seed=mba-team-3",{"type":9,"value":10,"toc":74},"minimark",[11,19,31,38,43,46,49,54],[12,13,14],"p",{},[15,16],"img",{"alt":17,"src":18},"Regulatory file","/img/blog/gen/gambit-custody-second-dac-2023.svg",[12,20,21,22,26,27,30],{},"October is turning into approval season. A week after Hata's conditional DAX nod, the Securities Commission has granted ",[23,24,25],"strong",{},"Gambit Custody Sdn Bhd"," in-principle approval to register as a ",[23,28,29],{},"Digital Asset Custodian"," — the second in Malaysia, following CoKeeps' pioneering path.",[12,32,33,34,37],{},"Gambit has ",[23,35,36],{},"six months"," to satisfy the SC's regulatory requirements before commencing operations. The firm is targeting token issuers, SMEs and blockchain companies — a segment distinct from the institutional funds CoKeeps courts, which suggests the custody market is already specialising.",[39,40,42],"h2",{"id":41},"why-a-second-custodian-matters","Why a second custodian matters",[12,44,45],{},"One licensed custodian is a proof of concept; two is a market. Issuers and platforms that were reluctant to depend on a single provider now have redundancy, and the competitive pressure should show up where it counts: security architecture, insurance arrangements and fees.",[12,47,48],{},"With five exchanges, two IEO platforms and now a second custodian in the regulated pipeline, the depth of Malaysia's licensed digital asset stack keeps improving — quietly, one approval at a time.",[50,51,53],"h3",{"id":52},"references","References",[55,56,57,67],"ul",{},[58,59,60],"li",{},[61,62,66],"a",{"href":63,"rel":64},"https://www.thestar.com.my/business/business-news/2023/10/18/gambit-custody-secures-approval-for-dac-licence",[65],"nofollow","The Star — \"Gambit Custody secures approval for DAC licence\" (18 Oct 2023)",[58,68,69],{},[61,70,73],{"href":71,"rel":72},"https://fintechnews.my/40350/blockchain/gambit-custody-gets-scs-in-principle-nod-for-digital-asset-custody-license/",[65],"Fintech News Malaysia — \"Gambit Custody gets SC's in-principle nod for digital asset custody license\"",{"title":75,"searchDepth":76,"depth":76,"links":77},"",2,[78],{"id":41,"depth":76,"text":42,"children":79},[80],{"id":52,"depth":81,"text":53},3,"News","2023-10-18","A week after Hata's exchange approval, the SC grants Gambit Custody in-principle approval as a Digital Asset Custodian, with six months to meet requirements before commencing operations.","md",{},true,"/blog/gambit-custody-second-dac-2023",{"title":5,"description":84},"blog/gambit-custody-second-dac-2023","blog","jJrWAZqPK276ZyrmYx0D85b4zrxDOLlW3cpGVb_ZexU",1784183599889]