Malaysia's regulated custody bench grows to three.
Jada Platform Sdn Bhd, operating as JadaEx, has received conditional approval from the Securities Commission to register as a Digital Asset Custodian — joining CoKeeps and Gambit Custody in the framework the SC created back in October 2020.
The pitch: independence and multi-chain reach
JadaEx positions itself as an independent third-party custodian for crypto, tokenised securities and real-world assets (RWAs) across chains including Ethereum and Solana. The security architecture is enterprise-grade on paper: FIPS 140-2 Level 3 hardware security modules, air-gapped cold storage and M-of-N approval workflows, aimed at exchanges, fund managers and high-net-worth clients.
Custody as the quiet growth story
Exchange licences make headlines; custody approvals make markets. As tokenised securities move from pilots to products — KLDX's RM150 million Shariah-compliant offering being this year's proof — the question every institutional allocator asks is "who holds the assets?" Malaysia can now offer three regulated answers, each with a different specialisation. That's how an institutional market quietly assembles itself.