[{"data":1,"prerenderedAt":108},["ShallowReactive",2],{"/blog/jadaex-conditional-dac-approval-2024":3},{"id":4,"title":5,"author":6,"authorPic":7,"body":8,"category":97,"coverPics":18,"date":98,"description":99,"extension":100,"meta":101,"navigation":102,"path":103,"seo":104,"stem":105,"type":106,"__hash__":107},"blogs/blog/jadaex-conditional-dac-approval-2024.md","JadaEx joins the custody bench with conditional DAC approval","Malaysia Blockchain Association Team","https://api.dicebear.com/7.x/avataaars/svg?seed=mba-team-3",{"type":9,"value":10,"toc":88},"minimark",[11,19,22,37,42,49,53,56,61],[12,13,14],"p",{},[15,16],"img",{"alt":17,"src":18},"Regulatory file","/img/blog/gen/jadaex-conditional-dac-approval-2024.svg",[12,20,21],{},"Malaysia's regulated custody bench grows to three.",[12,23,24,28,29,32,33,36],{},[25,26,27],"strong",{},"Jada Platform Sdn Bhd",", operating as ",[25,30,31],{},"JadaEx",", has received conditional approval from the Securities Commission to register as a ",[25,34,35],{},"Digital Asset Custodian"," — joining CoKeeps and Gambit Custody in the framework the SC created back in October 2020.",[38,39,41],"h2",{"id":40},"the-pitch-independence-and-multi-chain-reach","The pitch: independence and multi-chain reach",[12,43,44,45,48],{},"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: ",[25,46,47],{},"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.",[38,50,52],{"id":51},"custody-as-the-quiet-growth-story","Custody as the quiet growth story",[12,54,55],{},"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.",[57,58,60],"h3",{"id":59},"references","References",[62,63,64,74,81],"ul",{},[65,66,67],"li",{},[68,69,73],"a",{"href":70,"rel":71},"https://www.prnewswire.com/apac/news-releases/jadaex-receives-conditional-approval-as-digital-asset-custodian-from-securities-commission-malaysia-302220539.html",[72],"nofollow","PRNewswire — \"JadaEx receives conditional approval as Digital Asset Custodian from Securities Commission Malaysia\" (12 Aug 2024)",[65,75,76],{},[68,77,80],{"href":78,"rel":79},"https://themalaysianreserve.com/2024/08/13/jadaex-receives-conditional-approval-as-digital-asset-custodian-from-securities-commission-malaysia/",[72],"The Malaysian Reserve — approval coverage (13 Aug 2024)",[65,82,83],{},[68,84,87],{"href":85,"rel":86},"https://www.sc.com.my/digital-assets",[72],"Securities Commission Malaysia — Digital Assets register",{"title":89,"searchDepth":90,"depth":90,"links":91},"",2,[92,93],{"id":40,"depth":90,"text":41},{"id":51,"depth":90,"text":52,"children":94},[95],{"id":59,"depth":96,"text":60},3,"News","2024-08-12","Jada Platform receives conditional approval as Malaysia's third Digital Asset Custodian, pitching independent, multi-chain custody for crypto, tokenised securities and real-world assets.","md",{},true,"/blog/jadaex-conditional-dac-approval-2024",{"title":5,"description":99},"blog/jadaex-conditional-dac-approval-2024","blog","X2NZxyCUEY0DG5yvPZ3Hzo9g4dpLeewIMCn6MdMCKGs",1784183599812]