SC approves two more digital assets by Luno
Securities Commission Malaysia building at Kuala Lumpur.
PETALING JAYA: The Securities Commission Malaysia (SC) has approved two more digital assets by Luno in its second batch of approvals this year.
In a statement released, Luno, a global cryptocurrency investment app said its newest listed assets, Hedera (HBAR) and The Graph (GRT) will bring its total coin list to 22, the widest in Malaysia.
Luno Malaysia country manager, Scarlett Chai said the additions will offer investors a chance to explore a broader part of the crypto ecosystem and diversify their portfolios safely and securely.
She said among the key features of HBAR is that it is a high-performance, energy-efficient public network.
'It leverages hashgraph consensus for fast, secure, and low-cost transactions, with predictable fees and enterprise-grade governance, enabling sustainable and scalable decentralised applications (dApps),' she said.
GRT on the other hand is a decentralised indexing protocol that enables efficient querying of blockchain data, making it easier for developers to build performant and reliable dApps across multiple blockchains.
Meanwhile, Chai said the listing of both came about after a rigorous screening process which evaluates potential assets against strict technical, regulatory, and legal criteria to ensure their feasibility and suitability for introduction in Malaysia, as well as other markets across APAC, Europe, and Africa.
'Shortlisted coins are then proposed to the SC for a country-wide approval, allowing the Malaysian public to invest or trade the respective digital assets,' she said.
So far, Luno has submitted more than 25 digital assets to the SC with 22 approved and available on the platform.
Aside from HBAR and GRT, the platform launched Algorand, and NEAR Protocol, while expanding its staking service to include Polkadot, NEAR Protocol, and Cosmos.
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