Malaysian cryptocurrency exchange Hata.io has raised $4.2 million in seed funding to expand its crypto offerings and user base in the Asia Pacific region. Led by Castle Island Ventures and Cadenza Ventures, the funding will enable Hata to expand its product offerings and onboard new users, with a focus on retail and institutional users who prefer to trade in fiat currencies. Hata.io is the only dual-licensed crypto exchange in Malaysia, operating under the regulations of the Securities Commission Malaysia and the Labuan Financial Services Authority. The funding agreement will also see Castle Island Ventures and Cadenza Ventures join Hata's board as directors.



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