Tokenize Xchange was a Singapore-founded cryptocurrency exchange offering spot trading of major coins. After the Monetary Authority of Singapore declined its licensing application in 2024, it announced it would wind down Singapore operations and relocate (notably toward Labuan, Malaysia). Prospective users should verify its current operating jurisdiction and status before depositing.
Key Facts
| Item | Details |
|---|---|
| Origin | Singapore |
| Type | Crypto exchange |
| Status | Exited Singapore after MAS rejection (2024); relocated |
| Relocation | Labuan / Malaysia |
| Note | Verify current jurisdiction & status |
Pros & Cons
Pros
- Established regional brand
- Spot trading of major coins
- Active user base in SE Asia
Cons
- Lost MAS licensing; left Singapore
- Operating jurisdiction in flux — verify
- Regulatory uncertainty
- No public market-data API for aggregation
Summary
Tokenize Xchange is a cautionary regulatory story: after MAS declined its licence in 2024 it exited Singapore and relocated. Verify its current jurisdiction and standing before using.