History was made on September 1, 2020, when the first fully licensed digital stock exchange in Asia ( Fusang Exchange ) listed its first digital security, SPiCE. Listing of SPiCE signals the growth of the digital securities ecosystem in Asia, a region of 3 billion people.
The SPiCE Listing
SPiCE VC is a leading venture capital fund with a focus on the blockchain and tokenization sector. It is revolutionizing the VC sector by creating the first fully tokenized fund in Asia. The listing of SPiCE on the Fusang Exchange will help to solidify its leadership position as a pioneer in the tokenization ecosystem. SPiCE VC has been working to create the standards for the sector and building partnerships that will help to offer accessibility, predictability, and security for those that invest in digital securities.
According to the founder of SPiCE VC, Tal Elyashiv, the listing was an exciting moment for them and it marked a major milestone for the digital securities industry. The listing on Fusang was done after extensive testing, according to the founder. He added that the partnership between SPiCE and Fusang would help to advance their mission of offering investors more diverse investment options and access to liquidity. As a result, it will help to advance the digital revolution of capital markets.
How The Fusang Exchange Is Good For Investors
Many international investors that are subject to jurisdictional constraints will now be able to access SPiCE via the Fusang Exchange. The Fusang Exchange is fully licensed and regulated by Malaysian authorities. It facilitates the listing of securities just like traditional exchanges. On Fusang, both advanced and retail investors get access to digital securities as well as an opportunity to list on the exchange. The result is a huge opportunity for investors to unlock liquidity.
Commenting on the issue, the CEO of Fusang, Henry Chong, said that they were thrilled about the partnership with SPiCE VC and Securitize. He noted that the world was changing quickly and entering a stage where the financial market would move into the digital age. The CEO concluded by saying that Fusang was committed to providing the institutional infrastructure needed to actualize Asia’s digital asset economy.
Other Developments Around SPiCE VC
The latest listing news on Fusang comes shortly after it was revealed SPiCE VC had collaborated with Coinbase Custody. Through the deal, SPiCE VC will get access to secure, safe, and regulated crypto custody solutions for their digital security.
These developments around SPiCE VC highlight the company’s commitment to offering investors major exposure to the growing blockchain and tokenization sector. SPiCE has played an important role in the creation of the regulatory framework that is in place today. Since its launch in 2018, SPiCE has seen a value appreciation of 65 percent, with a focus on portfolio companies that aim to revolutionize the digital tokenization sector.
While the tokenization sector is still in its infancy, it has shown a lot of promise. The tokenization of assets has many advantages over traditional assets and it is only a matter of time before it becomes the standard method of issuing securities at most exchanges around the world.
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