Broctagon Fintech Group, a multi-asset liquidity provider, announced that the company has secured Labuan Money Broker License. The new license has enabled Broctagon to offer regulated bank-grade FX liquidity to different clients.
According to the press release exclusively shared with Finance Magnates, the company is planning to expand its presence in Asia due to a surge in demand for its services. Additionally, Broctagon highlighted the recent appointment of Cecilia Chan as part of the company’s expansion plan in Asia.
Earlier this year, Cecilia Chan, Singapore Exchange’s former VP, joined Broctagon Executive Director and Head of FX. The liquidity provider mentioned that it is planning to take advantage of Chan’s experience for the expansion of Broctagon Prime Markets across the region.