Regulations
By James Thorp
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The June 30 Cliff Every Crypto Platform Is Watching. Here's the pressure behind the move. ASIC set a hard deadline — June 30 — after the Corporations…
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Five Jurisdictions, One Expanding Footprint. Australia isn't a standalone play. LTP now holds licenses in Hong Kong, Australia, the UAE, the…
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LTP, a Hong Kong-based prime broker for digital assets, just picked up an Australian Financial Services License from ASIC. Big deal — and the timing is no accident.
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The license lets LTP advise on and deal in financial products for wholesale clients in Australia. That means funds, market makers, and asset managers are the target.
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On-chain volumes for tokenized real-world assets are still modest. Even with major managers like BlackRock showing public interest in the space, the actual numbers haven't…
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Here's the pressure behind the move. ASIC set a hard deadline — June 30 — after the Corporations Amendment (Digital Assets Framework) Bill passed on April 1.
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The numbers are pretty stark. By April, only about 10% of roughly 400 registered crypto platforms in Australia held ASIC licenses. That's around 40 firms out of 400.
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Eric Wang, a former executive at CMC Markets, has been running point on LTP's Australian build-out.
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Read also: Crypto Investors in France Face July 1 Deadline Amid MiCA Compliance Push
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Australia isn't a standalone play. LTP now holds licenses in Hong Kong, Australia, the UAE, the British Virgin Islands, and Spain. Five jurisdictions.
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LTP also built an institutional OTC trading platform and works with UK technology provider Gold-i to distribute its crypto and FX liquidity.
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The firm isn't alone in racing for regulated status. Ripple rebranded Hidden Road as Ripple Prime, targeting institutional investors directly.
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Whether institutional money actually moves on-chain fast enough to justify the buildout is the open question.
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Related: eToro Targets 2 Wealth-Tech Deals and a Banking License After Nasdaq Debut
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LTP's strategy, then, is a bet on patience. Get licensed across key jurisdictions. Build the infrastructure. Wait for the institutional wave to arrive.
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