Hata Project Introduction, Team, Financing and News

Team

David Low

Co-founder & CEO

Darien Ng

Co-Founder & CRO

KK Chong

Co-Founder&CTO

Fundraising

LeadCCastle Island LeadBBybit LeadCCadenza Ventures AAlliance PPlug and Play AAP Capital

Round	Amount	Valuation	Date	Source	Investor
Series A	$ 8M	--	Apr 21		BBybit
Seed	$ 4.2M	--	Oct 22, 2024	--	CCastle Island CCadenza Ventures AAlliance BBybit AAP Capital PPlug and Play

Related News

Apr 21, 2026

Malaysian digital asset trading platform Hata completes $8 million Series A financing, led by Bybit

Apr 21, 2026

Hata Completes US$8 Million Series A Financing Led by Bybit

PRNewswire

Oct 22, 2024

Malaysian cryptocurrency exchange Hata completes $4.2 million seed round financing, led by Castle Island Ventures and others

Details

Hata is a Malaysia-based, fully regulated digital asset exchange holding a Recognized Market Operator (RMO) license from the Securities Commission Malaysia, operating both a Digital Asset Exchange (DAX) and a Digital Broker (DB). Its core positioning is to build a compliant bridge between traditional finance and the crypto world, supporting fiat on/off-ramps such as Malaysian Ringgit (MYR), spot trading, and fiat trading pairs. What sets Hata apart is its platform-wide adherence to Islamic finance principles, utilizing mechanisms such as Bai' (buy-sell), Ujrah (service fees), and Wadi'ah (custody) to ensure transactions and asset custody align with religious law.

Tags:

CeFi

CEX

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