Tom Starkey
In a groundbreaking move that signals a shift in Cambodia’s financial sector, the Royal Group has officially launched the Royal Group Exchange (RGX), the country’s first approved Securities Digital Products trading platform. The launch event, held at Hotel Cambodiana, marked the initiation of Cambodia’s pioneering venture into the world of digital assets, leveraging blockchain technology for enhanced security and transparency.
The Royal Group’s Chairman and CEO, Neak Oknha Kith Meng, sees RGX as a catalyst for change, promoting financial inclusion and empowering the community to tap into the opportunities presented by the digital economy. This marks a significant step towards integrating Cambodia into the global digital landscape, offering individuals and businesses access to the global digital economy through the trading of over 100 digital assets.
H.E Sou Socheat, Delegate of the Royal Government and Director General of SERC, emphasized the significance of the RGX Trading Platform within the Fintech Regulatory Sandbox. He sees it as a testament to the advancements in financial technology in Cambodia’s securities sector and highlights SERC’s commitment to promoting financial innovation, market integrity, and investor protection.
RGX: A Secure and Transparent Trading Environment
Operated under the approval of SERC through its Fintech Sandbox Scheme, RGX ensures a secure, transparent, and efficient environment for trading various digital securities products. The platform, fully owned by the Royal Group, has already gained attention for its robust security measures and regulatory compliance.
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Thomas Schings, Senior Manager of the Royal Group, outlined RGX’s commitment to customer-centricity, emphasizing that customers are at the heart of their exchange. He highlighted the streamlined support services facilitated by Zendesk and the user-friendly interface of the platform.
RGX’s strength lies in its strategic partnerships. Technical expertise from X-Codes Solutions and secure data hosting provided by Cambodian servers from Ezecom contribute to RGX’s competitive edge. Future plans include the launch of the RGX Token and the introduction of asset tokenization, aligning with global trends in the digital asset landscape.
RGX has positioned itself as a comprehensive platform, offering a variety of digital assets, including popular cryptocurrencies like Bitcoin and Ethereum. The platform’s commitment to both spot and futures trading options from the start provides users with unparalleled flexibility.
A Seamless User Journey with RGX
Registration for RGX services is streamlined, with a straightforward process taking no more than two days for KYC approval. Users can connect payment methods or transfer from existing wallets, allowing them to seamlessly place orders or trade for desired digital assets. The user retains control over their digital assets, ensuring a secure and user-centric trading experience.
The launch of RGX by the Royal Group marks a transformative moment in Cambodia’s financial landscape. With a focus on cutting-edge technology, strategic partnerships, and financial inclusion, RGX aims to become a key player in Cambodia’s evolving digital economy, empowering individuals and businesses through secure and transparent digital asset trading.
Scan the QR code below or click the link to visit the platform.
