Broctagon Fintech Group Receives Labuan Money Broking License

​Fazzaco learned that Broctagon Fintech Group, a multi-asset liquidity and technology provider headquartered in Singapore, has received Labuan Money Broker License to expand its presence in Asia. 

The new license will allow Broctagon to provide different clients with regulated bank-grade FX liquidity.

Fazzaco earlier reported that FXCubic has partnered with Broctagon. With the new partnership, FXCubic will add Broctagon Prime to its pool of liquidity providers in a bid to offer it pricing, trading, and aggregation tools. Additionally, Takeprofit Tech​ has partnered with Broctagon to present dynamic leverage scheduling for brokers.

​Don Guo, CEO of Broctagon Fintech Group, said: "Covid-19 has changed the international trading landscape, and we see something stirring in Asian trading. The capital markets in the region are becoming increasingly sophisticated, and there is fresh demand for exceptional trading infrastructure to support this evolution, with Labuan playing a growing role as a financial and trading hub."