Inbase Partners, a Taiwan based adviser for companies who wish to issue digital tokens has announced that the CEZEX security token exchange in Philippines will start offering trading services in Hong Kong from the first quarter of 2019.
CEZEX is regulated and licensed by the Cagayan Economic Zone Authority (CEZA) which manages the special economic zones located in northeast of Luzon, Philippines. They have also partnered with a licensed broker dealer in Hong Kong. The dealer will help CEZEX to offer regulated, compliant digital token trading services.
Inbase Partners managing partner Carlos Salas said that the firm has taken the existing financial system and digitalized it. CEZEX won’t be much different from other crypto exchanges. Just instead of trading securities, it will trade asset backed security tokens.
Salas added that a security token exchange is better for transferring of assets’ value to investors at lower cost. A listing approval on traditional exchange takes around 6 months. CEZEX will shorten this time to two or three months only.
CEZEX is creating a broker dealer network under their exchange. Generally other broker dealers specialize in only one asset class. But the brokers of CEZEX exchange specialize in dealing with tokens which cover a wide array of asset classes.
The Securities and Futures Commission (SFC) in Hong Kong said that they have witnessed an increasing interest towards firms changing their business activities to provide trading services involving cryptocurrency assets.