Chainalysis, the blockchain analysis company, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Ulisse Dell’Orto, Managing Director, Asia Pacific & Japan, of Chainalysis, said: “Chainalysis’ mission is to build trust in blockchains. Through our data platform, we are actively working to create a safer cryptocurrency ecosystem for all users. Our team of experts helps organizations like Europol, UNODC, Barclays, and Upbit investigate and mitigate their risk to illicit actors. We have helped law enforcement investigate some of the most high-profile cybercriminal cases, such as the Silk Road dark market, child sex abuse material distributor Welcome to Video, and the Mt. Gox hack. All of us at Chainalysis are honoured to participate in WorldBook and continue contributing to the growth of the cryptocurrency industry globally.”   Don Guo, CEO of Broctagon Fintech Group, commented on Chainalysis’s participation on the WorldBook network, saying: “Analysis of data is important in financial markets to allow companies to make better decisions. Chainalysis provides data analysis services to institutions, government agencies, and cryptocurrency businesses. With their expertise in transaction monitoring and investigation software in the cryptocurrency industry, their participation in the WorldBook will allow other members to understand the expectations required to establish the next generation of compliance standards with respect to transparency and security. We are pleased to have them onboard as one of the members of the WorldBook.” About Chainalysis Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, exchanges, financial institutions, insurance and cybersecurity companies in over 60 countries. Our data powers investigation, compliance and market intelligence software that has been used to solve the world’s most high-profile criminal cases and grow safe access to cryptocurrency About NEXUS WorldBook The NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about Chainalysis, visit: Facebook: https://www.facebook.com/Chainalysis/ LinkedIn: https://www.linkedin.com/company/chainalysis/ Twitter: https://twitter.com/chainalysis YouTube: https://www.youtube.com/channel/UC_liJHPLUjE63r4Cb43jurw To find out more about or to join the NEXUS WorldBook, visit: Website: https://nexusworldbook.com Facebook: https://www.facebook.com/NEXUSWorldBook LinkedIn: https://www.linkedin.com/showcase/74741847/ Twitter: https://twitter.com/NEXUSWorldBook Instagram: https://www.instagram.com/nexusworldbook/ YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAEw  

Since our last attendance at their virtual summit last year where we were awarded “Best Tailored Blockchain Solutions Provider”, we are excited to meet again in person our clients and future partners.

Owing to the country’s friendly regulatory environment with respect to financial markets, and fintech and blockchain within it, various other global cryptocurrency groups are expanding their presence in Singapore.

Broctagon participated in Labuan IBFC's CoDE Asia 2021 on Thursday, 21 October 2021. Growing into its third edition, CoDE Asia 2021 is themed "Future Forward: Next Gen Digital Ecosystems”. Representing Broctagon was Cecilia Chan, our Head of Liquidity (Asia) and Executive Director. With 22 years in the financial industry, Cecilia was the former Vice President at Singapore Exchange and a Senior Manager in Exchange & Regulatory relations at Hang Seng Indexes. On Recent Trends  Cecilia pointed out that within the digitalisation space, the most interesting aspect of digitalisation in recent times would be digital currencies issued by the central bank. As Decentralised Finance (DeFi) continues to grow, central banks want to be more involved in the process. Cecilia explained that we are more familiar with central bank money because it’s safe, liquid, and has integrity - given that context, central banks have to evolve to suit the digitalisation aspect of the economy. The Advantages of Digital Currencies  Cecilia shared that digital currency allows for better cross-border payments at a lower cost. This improves efficiency across borders, leading to faster settlements, making payment less of a hassle for retail and consumers.  The Future and the Now Cecelia expresses that here at Broctagon, we stay ahead of the game by trying to foresee what the market needs before the problem arises. As a tech solutions provider the specialises in Fintech, we are actuely aware of the issues that plague it, such as the problem of fragmented liquidity that the crypto market faces as a whole. Liquidity in crypto, for example, is concentrated in the top 3% of crypto exchanges, accounting for less than 25% of trading volume - not including the OTC desk and P2P aspects In light of this, we want to create awareness and inclusion of digital assets for mainstream adoption. AUM growth in crypto has tripled from 2020 to 2021, so we want to create solutions to cater to the institutional crowd and address liquidity as it continues to be a big problem in the institutional space.  Staying Relevant Cecilia explained that the beauty of DeFi is its ability to skip through all the intermediaries, allowing their users to go straight to the source without any intervention. Regulators know that DeFi will continue to evolve given this, and they are now starting to establish regulations in the DeFi space. As regulators, they are bound to keep in check investor and consumer interests and are unable to sit out this process as the welfare of their citizens are at stake.  While they explore this space, they are trying to navigate and create guidelines. Yet because the industry is so borderless, it is very difficult for them to work with one another. The lack of a single framework makes it more difficult for regulators to transverse the crypto landscape.

Article first published here in The Straits Times SINGAPORE - When the pandemic hit last year and left Mr Ng Yu Jie stuck at home without a job, a seemingly improbable solution popped into his head - dabble in cryptocurrency to generate some income. Mr Ng's first step was to invest $350 in Ripple (XRP) on trading platform Torque when each unit cost about 20 US cents or 27 Singapore cents. The price rose steadily to 60 US cents: "My $350 became $1,000 so I cashed out," recalled 26-year-old Mr Ng, who has a diploma in mechanical engineering and used to work as a guide for pub crawlers. "I saw an opportunity for passive income. I felt that the prices were quite stable and I could get some money without having to work for it. The greed in me grew and I wanted to put in more to get more returns." Mr Ng, who spends eight hours a day reading news about cryptocurrencies and analysing the prices of digital coins, opened more trading accounts with Torque and increased his investments over time to about $10,000. Torque was then suddenly shut in February and he was unable to withdraw his crypto assets, which had appreciated to about $20,000. "I felt that I should really use crypto to recover what I lost in Torque," Mr Ng said. "So in June, I opened an account with Binance and started trading with $2,000." In three months, he made a profit of $10,000 from crypto trading. "I feel that my strategy works, unless there is a change to the regulation, like MAS (Monetary Authority of Singapore) banning more platforms for Singapore users. Then I may need to start looking for a job," said Mr Ng. "For now, crypto trading is my main source of income. If I stop, my income will stop too." Mr Don Guo, co-founder and chief executive of fintech solutions provider Broctagon Fintech Group, has a different take on cryptocurrencies. Mr Don Guo does not view cryptocurrency tokens as a viable short-term investment product.ST PHOTO: CHONG JUN LIANG; Mr Guo, 37, bought 300 Ether (ETH) at US$700 each in 2017 - an outlay of US$210,000. "Over time, I did liquidate some of them and bought into some other altcoins and Bitcoin as well," said Mr Guo, who still has about 10 ETH. "It wasn't actually meant to be an investment at that point in time, even though there was a lot of speculation about how it could rise." Mr Guo had bought Ether to use for payments and business purposes and, even now, he does not view cryptocurrency tokens as a viable short-term investment product despite having benefited from the rise in value. "As we all know, most cryptocurrencies are rather volatile, and if you were to just jump in and out of it on every piece of information you get, you would be so busy. "I don't think many people can (do that), unless they are really professional traders." Mr Guo said he is mentally prepared to lose whatever he has put into cryptocurrency trading: "It's not money that I need to use for more important purposes, like to pay for my house or (sustain) my livelihood."

Naijacrypto is a premier cryptocurrency exchange platform that offers digital asset trading services such as trading tools and leverage trading.

Fasset is a regulated, multi-country Digital Asset Gateway that aims to connect the next billion to buy, sell, send and store digital assets such as Bitcoin and Real World Asset Tokens.

BITLEVEX revolutionizes investment platforms by offering leveraged options priced according to traditional Black & Scholes mathematical models.

Broctagon Prime participated in iFX EXPO International 2021 during the period of 4 - 6 October. A three-day event, the expo was one of the first large-scale in-person events that have been scheduled in Limassol, Cyprus in two years. As we rubbed shoulders with industry giants like SAXO Bank, Swissquote Bank, and MetaQuotes, the expo was charged with a certain fervor as many brokers looked for new opportunities to expand and improve their businesses. The Main Attraction A few products of ours in particular stole the limelight: Liquidity, especially our Crypto CFDs liquidity with our winning combination of 24/7 trading and an extensive symbols list; full MT4/5 white label solutions where our CRM suite particularly impressed clients with its sophisticated multi-tier affiliate system, availability in more than 10 languages, and deployability within 1 business day. NEXUS 2.0, our spot crypto liquidity hub, also garnered a lot of attention from exchanges that are looking to break into the market and offer enhanced services that can compete with the bigger names in crypto. We also took the opportunity to introduce the NEXUS WorldBook to the participants, a movement aimed at introducing a universal, inter-exchange liquidity standard for digital assets. A Roaring Success We would like to extend our gratitude to everyone that has dropped by our booth, especially towards the many new partnerships that were forged during these three days. We truly appreciate your trust in us. With the event being a great success, we look forward to seeing you next year in iFX Expo 2022!