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Hata, a dual-licensed digital asset exchange in Asia, raises $4.2M in Seed Funding round led by Castle Island VC and Cadenza Ventures


dual-licensed digital asset exchange in Asia

October 22, 2024


Hata.io, a digital asset brokerage and exchange in the Asia Pacific region, has raised $4.2 million in seed funding. The funds will be used to develop new products and attract users across Asia. The funding round was led by Castle Island Ventures and Cadenza Ventures. Other participants included Bybit, AP Capital, Plug and Play Tech Centre, and Alliance.xyz.


Castle Island Ventures and Cadenza Ventures will also join Hata’s Board as Directors, bringing significant expertise to the company.

Project

Latest Raise

Latest Raise Date

Stage

Lead Investor

Category

Hata

$4.2M

October 22, 2024

Seed Round

Castle Island VC and Cadenza Ventures

CeFi, FinTech

Hata.io is regulated by both the Securities Commission Malaysia and the Labuan Financial Services Authority, making it the only dual-licensed digital asset exchange in Malaysia. The country has over 840,000 digital asset investors, with an annual trading volume exceeding RM21 billion on local exchanges.


About Hata

Hata.io is a digital asset platform that allows users to buy, sell, and trade cryptocurrencies using fiat currencies like the US Dollar and Malaysian Ringgit. It is the only dual-licensed exchange in Malaysia, regulated by both the Securities Commission Malaysia and the Labuan Financial Services Authority. Hata.io offers a secure and user-friendly platform, ensuring that users’ funds are always safe and backed 1:1. The platform also provides institutional-grade custody solutions and aims to make cryptocurrency trading accessible and straightforward for everyone.


 

About Investor

The funding round was led by Castle Island Ventures and Cadenza Ventures. Other participants included Bybit, AP Capital, Plug and Play Tech Centre, and Alliance.xyz.

 

 

A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.

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