Secure. Compliant. Institutional-Grade.
EDXM Global provides secure, compliant and institutional-grade custody and transfer infrastructure for Digital Payment Tokens (DPTs).
We empower institutional participants — including exchanges, brokers, funds, family offices, OTC desks, liquidity providers, and corporate treasuries — to safely store, manage and transfer digital assets with confidence.
Combining advanced cryptographic security, operational resilience, and alignment with Singapore’s Payment Services Act, we bridge the gap between traditional finance and the digital asset economy.
We are committed to infrastructure that meets the highest standards of governance, transparency, and risk management — supporting the financial system of the future.
EDXM International is currently exempted by the Monetary Authority of Singapore (MAS) from holding a license under the Payment Services Act 2019 for providing digital payment token services. This exemption is temporary and does not constitute MAS approval of our services.
Our Legal Entity in Singapore:
EDXM Global Pte. Ltd. (“EDXMG”), an MAS exempted entity in Singapore which facilitates Digital Payment Token custody and transfer services.
Brand Name:
EDXMG is also referred to as “EDXM GLOBAL” as a brand name. EDXM GLOBAL is also a registered Trademark.
What our legal entity in Singapore does?
Provide Custody and transfer services of Digital Payment Tokens (DPTs) to Institutional Customers through EDXMG, which ascertains bankruptcy remoteness through robust customer asset segregated trust accounts held with a third-party custodian.
Regulatory Status in Singapore:
EDXM Global Pte. Ltd. (“EDXMG”) has submitted an application to the Monetary Authority of Singapore (“MAS”) for a Major Payment Institution licence under the Payment Services Act 2019 (“PS Act”).
EDXMG is currently relying on the applicable temporary exemption from the requirement to hold a licence under the PS Act in respect of certain digital payment token services that fall within the expanded scope of regulated activities introduced under the Payment Services (Amendment) Act 2021, including digital payment token transfer and safeguarding/custody services, while its licence application is under review by MAS.
The temporary exemption does not constitute licensing, approval or endorsement of EDXMG or its services by MAS.
The Monetary Authority of Singapore (MAS) requires us to provide this risk warning to you as a customer of a digital payment token (DPT) service provider.
Before you:
(a) pay or transfer your DPT service provider any money or DPT;
(b) enter into an agreement with a third party to buy or sell DPTs upon inducement by your DPT service provider;
(c) enter into an agreement with a third party under an arrangement by your DPT service provider for the transmission of DPTs;
(d) pay a third party any money or DPT under an arrangement by your DPT service provider for the transmission of DPTs; or
(e) transfer any digital payment token instrument to your DPT service provider, you should be aware of the following.
Your DPT service provider is exempted by MAS from holding a license to provide DPT services caught under the expanded scope of regulated activities for a specified period. Please note that you may not be able to recover all the money or DPTs you paid to your DPT service provider, or any other third party referred to above, if your DPT service provider’s or the third party’s business fails.
You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
You should be aware that your DPT service provider, as part of its exemption by MAS from holding a license to provide DPT services caught under the expanded scope of regulated activities for a specified period to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
COLLECTION OF PERSONAL DATA
By voluntarily providing your name, email address, residential address, and any other personal information to EDXM Global Pte. Ltd. (UEN: 202413185C) or its affiliates (the “Company”) for the purpose of entering a membership or relationship with the Company, you are deemed to have consented to the collection, use, and disclosure of such personal information by the Company. This document explains the type of information that is being collected and stored by the Company and how such information will be used.
If you have any queries about this policy, please contact the Company via [email protected], and the Company will do its best to answer your questions.
1.1 The Company collects, uses, stores, and/or processes your personal information for different purposes, including but not limited to:
1.1.1 Communicating with you about any matters related to your membership or relationship with the Company;
1.1.2 Mailing to your provided address any relevant documents, materials, or communications related to your membership or relationship;
1.1.3 Providing customer support, including responding to any inquiries or complaints; and
1.1.4 Other purposes reasonably related to the aforementioned.
2.1 The Company may share your personal information with third parties and associated organizations for the purpose of providing services to you on the Company’s behalf, including but not limited to:
2.1.1 Service providers under contract who provide professional services such as marketing or technology support;
2.1.2 Law enforcement agencies, regulators, or other authorities when required by subpoena, court order, legal procedure, applicable laws and regulations, to report suspected illegal activity, or to investigate violations of the Company’s terms of use or any other applicable policies; and
2.1.3 Organizations assisting the Company with customer service facilities or data storage services.
3.1 From time to time, the Company may send you information about updates and product launches that may be of interest to you.
3.2 You can opt out of such communications at any time by sending an email to [email protected].
3.3 The Company may also share your information with its business partners to allow them to send you relevant information, but only if you have not opted out. You may opt out at any time by sending an email to [email protected].
4.1 The Company aims to maintain accurate records of your information. If you would like to review or update your details, you may do so at any time by contacting the Company at [email protected] with the email subject “Request to Update Personal Information.”
5.1 The Company may retain your personal information as long as necessary to fulfill the purposes for which it was collected or as required by applicable laws, including legal, compliance, accounting, and dispute resolution obligations.
5.2 The Company will cease to retain your personal information or remove its association with you when it is no longer needed for legal, compliance, or business purposes.
6.1 Your personal information may be transferred outside of Singapore, for instance, if Company servers or service providers are located overseas. The Company will take steps to ensure that similar or higher protection is afforded under Singapore’s Personal Data Protection Act 2012 (PDPA).
7.1 You have the following rights regarding your personal data:
7.1.1 Right to access and receive a copy of your personal information;
7.1.2 Right to request correction or additions to your personal information;
7.1.3 Right to request the deletion of your personal information;
7.1.4 Right to object to the processing of your personal data under certain conditions;
7.1.5 Right to temporarily restrict processing under valid grounds; and
7.1.6 Right to withdraw consent at any time.
These rights may be limited in cases where the Company is required to retain data for legal or regulatory reasons, for legal defense, or under other applicable legal exceptions. If you have any questions or concerns regarding the collection and processing of your data, please contact [email protected].
8.1 If you withdraw your consent to the Company’s use or processing of your personal information, this will not affect the lawfulness of any processing carried out before your withdrawal.
In compliance with MAS requirements, please note:
Before you:
You should be aware of the following:
We may offer services related to coins, which are commonly marketed as having a stable value but are categorized as DPTs.
Note: EDX Derivatives operates outside the regulatory purview of the Monetary Authority of Singapore (“MAS”). MAS does not supervise, license, or regulate EDX Derivatives with respect to any unregulated activities it may offer, including the trading of derivatives on digital payment tokens (such as futures contracts). EDX Derivatives does not maintain a place of business in Singapore and does not extend, offer, or make available any of its products or services to persons or entities domiciled or based in Singapore. Nothing on this platform should be construed as a solicitation or offer to residents of Singapore.
EDXM Global Pte. Ltd. implements robust infrastructure and security controls for the custody of digital payment tokens.
However, digital asset custody involves inherent risks including, but not limited to:
a) cybersecurity threats, including unauthorised access to private keys or wallet infrastructure;
b) key mismanagement or loss;
c) changes in the regulatory environment in Singapore or other applicable jurisdictions; and
d) system outages or operational disruptions.
Clients should be aware that, notwithstanding these controls, EDXM Global cannot guarantee the absolute security of custodied assets.
We conduct full Know Your Customer (KYC) and Customer Due Diligence (CDD) on all clients, in compliance with Singapore’s anti-money laundering and countering the financing of terrorism laws, including but not limited to the following:
a) Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992;
b) Terrorism (Suppression of Financing) Act 2002; and
c) any applicable MAS Notices and MAS Guidelines.
Submit your name, company, role, email and message via our inquiry form.
36 Robinson Road, #20-01, City House, Singapore 068877
1. Regulatory Status
EDXM Global Pte. Ltd. (“EDXMG”) has submitted an application to the Monetary Authority of Singapore (“MAS”) for a Major Payment Institution licence under the Payment Services Act 2019 (“PS Act”).
EDXMG is currently relying on the applicable temporary exemption from the requirement to hold a licence under the PS Act in respect of certain digital payment token services that fall within the expanded scope of regulated activities introduced under the Payment Services (Amendment) Act 2021, including digital payment token transfer and safeguarding/custody services, while its licence application is under review by MAS.
The temporary exemption does not constitute licensing, approval or endorsement of EDXMG or its services by MAS.
2. No Guarantee of RecoveryBecause EDXM Global is operating under this transitional exemption and is not fully licensed, your funds and DPTs are not covered by any statutory compensation scheme or guaranteed in the event of EDXM Global’s insolvency, suspension of business, or failure. You may not be able to recover all, or any, of the funds or DPTs you transfer or hold with us.
3. DPT Volatility and Total Loss RiskDigital Payment Tokens are highly speculative and can fluctuate in value rapidly and unpredictably. The value of any DPT you buy, sell, hold, or transfer may:
If you do not fully understand these matters, you should seek professional advice before engaging in any DPT transactions.
5. “Stable Value” Token ClarificationWe may offer or facilitate services related to tokens that are marketed as having a “stable value” (often referred to as “stablecoins”). These tokens are still categorized as DPTs and are not guaranteed to maintain a fixed value under any circumstances. They remain subject to market, credit, liquidity, and other risks.
6. Consumer Protection Expectations (PS-G03)Under MAS’ PS-G03 Guidelines, DPT service providers are required to adopt consumer protection measures including clear risk disclosures, asset segregation, and conduct practices designed to protect customer assets and promote informed decision-making by customers. These guidelines are designed to strengthen user protection and inform customers about the risks associated with DPT services.
7. Seek Independent AdviceYou should consider obtaining independent legal, financial or tax advice before engaging in any DPT transactions or using any of our services.
By using our services, you acknowledge that you have read, understood, and accepted this risk warning.
Kai Kono is Executive Director/Chief Executive Officer of EDXM International, a Singapore based affiliated company backed by EDX Markets. In this role, he is responsible for growing EDXM International’s business and presence covering international non-US markets.
Kai has extensive experience in the crypto space. Prior to EDXM International, Kai was the CEO of Zodia Custody Singapore, a digital asset custodian and subsidiary of Standard Chartered Bank. Prior to Zodia Custody Singapore, Kai was Managing Director and Global Head of Digital Asset Sales at BitGo, a licensed qualified custodian based in the US. From 2018-2021, Kai was Chief Business Officer for Liquid Exchange, a Japan FSA licensed global exchange.
Prior to crypto, Kai worked for Google in Japan in a strategy role, and he has also spent over 10 years in investment and corporate banking across Bank of America (Merrill Lynch) and Lehman Brothers. He is a graduate of The University of British Columbia with a degree in Commerce.
Kai Kono is Executive Director/Chief Executive Officer of EDXM Global, a Singapore based affiliated company backed by EDX Markets. In this role, he is responsible for growing EDXM International’s business and presence covering international non-US markets.
Kai has extensive experience in the crypto space. Prior to EDXM Global, Kai was the CEO of Zodia Custody Singapore, a digital asset custodian and subsidiary of Standard Chartered Bank. Prior to Zodia Custody Singapore, Kai was Managing Director and Global Head of Digital Asset Sales at BitGo, a licensed qualified custodian based in the US. From 2018-2021, Kai was Chief Business Officer for Liquid Exchange, a Japan FSA licensed global exchange.
Prior to crypto, Kai worked for Google in Japan in a strategy role, and he has also spent over 10 years in investment and corporate banking across Bank of America (Merrill Lynch) and Lehman Brothers. He is a graduate of The University of British Columbia with a degree in Commerce.
Rakesh Madamanchi is the Executive Director/Chief Compliance Officer & MLRO of EDXM International, responsible for the Regulatory and Financial Crime Compliance outcomes of the companies. Prior to Joining EDX, Rakesh was Group Head of Institutional Compliance and Singapore Head of Compliance at Blockchain.com. Prior to that role, Rakesh was with global and regional financial institutions like ANZ, SCB, RHB and Worldpay as Compliance and Financial Crime Leader, Head of FCC and Compliance Director. Rakesh’s experience is broad, covering responsibilities in compliance advisory, customer onboarding, investigations, operations, management, training, process automation, controls optimization, regulatory remediation & strategic transformation, and regulatory liaison-ship. Rakesh has a bachelor’s degree in engineering from ANU.
Rakesh Madamanchi is the Executive Director/Chief Compliance Officer & MLRO of EDXM Global, responsible for the Regulatory and Financial Crime Compliance outcomes of the companies. Prior to Joining EDX, Rakesh was Group Head of Institutional Compliance and Singapore Head of Compliance at Blockchain.com. Prior to that role, Rakesh was with global and regional financial institutions like ANZ, SCB, RHB and Worldpay as Compliance and Financial Crime Leader, Head of FCC and Compliance Director. Rakesh’s experience is broad, covering responsibilities in compliance advisory, customer onboarding, investigations, operations, management, training, process automation, controls optimization, regulatory remediation & strategic transformation, and regulatory liaison-ship. Rakesh has a bachelor’s degree in engineering from ANU.
Kai Kono is Executive Director/Chief Executive Officer of EDXM Global, a Singapore based affiliated company backed by EDX Markets. In this role, he is responsible for growing EDXM Global’s business and presence covering international non-US markets.
Kai has extensive experience in the crypto space. Prior to EDXM Global, Kai was the CEO of Zodia Custody Singapore, a digital asset custodian and subsidiary of Standard Chartered Bank. Prior to Zodia Custody Singapore, Kai was Managing Director and Global Head of Digital Asset Sales at BitGo, a licensed qualified custodian based in the US. From 2018-2021, Kai was Chief Business Officer for Liquid Exchange, a Japan FSA licensed global exchange.
Prior to crypto, Kai worked for Google in Japan in a strategy role, and he has also spent over 10 years in investment and corporate banking across Bank of America (Merrill Lynch) and Lehman Brothers. He is a graduate of The University of British Columbia with a degree in Commerce.
Rakesh Madamanchi is the Executive Director/Chief Compliance Officer & MLRO of EDXM Global, responsible for the Regulatory and Financial Crime Compliance outcomes of the companies. Prior to Joining EDX, Rakesh was Group Head of Institutional Compliance and Singapore Head of Compliance at Blockchain.com. Prior to that role, Rakesh was with global and regional financial institutions like ANZ, SCB, RHB and Worldpay as Compliance and Financial Crime Leader, Head of FCC and Compliance Director. Rakesh’s experience is broad, covering responsibilities in compliance advisory, customer onboarding, investigations, operations, management, training, process automation, controls optimization, regulatory remediation & strategic transformation, and regulatory liaison-ship. Rakesh has a bachelor’s degree in engineering from ANU.
Peter Colven is Chief Operating Office for APAC at Citadel.
Peter Colven is the APAC Chief Operating Officer of Citadel. He is responsible for the firm’s key corporate functions in the Asia Pacific region and is Chair of Citadel’s Regional Operating Committees.
Prior to joining Citadel, Peter spend 21 years at Goldman Sachs across its London, Tokyo and Hong Kong offices. He worked in a number of roles within the Global Markets and Asset Management divisions, including the most recent positions of Chief Operating Officer and Chief Risk Officer in Global Markets for APAC.
Peter received a bachelor’s degree in Economics and Management from the University of London Royal Holloway College.
Ramesh Arumugam is Managing Director, Asia Pacific at Virtu Financial.
Mr Arumugam started his career in the fintech arm of NYSE Euronext, where he developed a deep understanding of low latency trading systems and market data. He subsequently joined SGX in 2013 and worked in a number of roles at the firm within the clearing and trading sales divisions, including being posted to London to look after their European business development.
Following his stints in technology, clearing and trading, Mr Arumugam joined Virtu in Nov 2020 as their Head of Business Development in Asia. In Aug 2023, he was appointed as Managing Director, Asia Pacific.