Malaysia's fifth licensed exchange is no longer conditional.
The Securities Commission has upgraded Hata Digital to full approval, and its MYR exchange is now live with more than ten SC-approved tokens. The launch pricing is designed to be noticed: 0% maker fees, taker fees of 0.1–0.4%, and a RM250,000 daily withdrawal limit.
From Luno alumni to Luno rivals
Founded by former Luno APAC general manager David Low with Darien Ng and KK Chong, Hata completed its compliance runway in nine months from October's conditional approval. It remains the only Malaysian operator holding both DAX and digital broker registrations, plus a Labuan money-broking licence for a USD venue.
The capital follows
In October, Hata closed a US$4.2 million Series A co-led by Bybit — a striking investor choice, given the SC's posture toward unregistered offshore exchanges — and announced a partnership with pitchIN to enable secondary trading of locally issued tokens. That last piece matters most to us: primary token fundraising on pitchIN plus secondary liquidity on a licensed exchange is the full lifecycle Malaysia's framework promised back in 2020.