Labuan to be key financial technology hub in region
09 Oct 2024
The Asia International Exchange (AIX) marked a significant milestone on Wednesday with the soft launch of its digital asset platform, positioning Labuan as a key financial technology (fintech) hub in the region.
AIX Investment Group Company Ltd chief executive officer Roslan Ahmad said the digital platform showcased AIX’s commitment to revolutionising financial markets with secure, transparent, and efficient trading through advanced technologies.
“AIX represents a leap forward by integrating blockchain technology and AI-driven systems to offer seamless access to a broad range of financial products, from cryptocurrencies to tokenised assets.
“Our vision is to make Labuan a global fintech leader, and today’s launch is a crucial step toward realising that goal,” he said at the soft launch of the platform at Palm Beach Resort and Spa here on Wednesday.
The platform was launched by Labuan International Business and Financial Centre (IBFC) chairman Datuk Iskandar Mohd Nuli.
Roslan said a notable highlight of the event was the introduction of SedeqahTech, another innovative platform merging fintech with charitable giving.
“Using blockchain technology, SedeqahTech ensures transparency in donations and offers an effortless way for users to contribute to zakat, sedekah, infaq, and waqf.
“Initially, the platform will collaborate with Rumah Zakat Indonesia and the Khadijah International Waqf Foundation (KIWF) to enable global zakat collection, driving community empowerment and sustainable development through Islamic finance.
He said SedeqahTech has the potential to transform how Islamic charitable obligations are fulfilled.
“While we are starting with the zakat collection, our long-term vision includes expanding the platform to cover sedekah, infaq, and waqf, providing a transparent and modern solution for global charitable contributions.
“Blockchain technology will ensure donations are traceable and handled with integrity,” he said.
Roslan said the launch of AIX also highlighted several strategic partnerships designed to enhance financial innovation and economic opportunities in Labuan.
“In addition, partnerships with PT Smartin Advisor Sistem and Universiti Malaysia Sabah (UMS) will promote financial literacy and prepare future professionals for careers in fintech and automated trading.
He said as part of its technical and marketing support, AIX announced Fintech Asset Pro Sdn Bhd as its fintech technical partner and European Credit Investment Bank Ltd as its marketing partner, both key players in driving the platform’s growth.
“We are committed to driving innovation, education, and economic empowerment as Labuan transforms into a digital city.
“With a focus on sustainability and inclusivity, Labuan aims to set a global standard for financial hubs,” he said.
He said the launch of AIX places Labuan at the forefront of financial technology, accelerating both economic progress and social impact through innovation, collaboration, and a forward-thinking approach.
Source: Bernama
