The company was founded in 2019 with partners in UAE and Malaysia with the objective of being a licensed and regulated digital assets exchange. We have offices in Kuala Lumpur & Labuan in Malaysia as well as in Dubai, India, Singapore and United Kingdom.

Our major shareholder includes Pride Financials LLC, which is part of the global conglomerate called Pride Group Dubai. Pride Group specialises in operating regulated commodity and forex exchanges. Their global businesses include hotels, malls, resorts and education centres around the world.

This foray into a digital exchange will be the first for Pride Group. Their partners in Malaysia include professionals who are well versed in digital assets and the blockchain industry.

We obtained our licence to operate a digital asset exchange as well as a licence to issue our own tokens (UNIQ) from Labuan Financial Services Authority (LFSA) under the laws of Labuan Financial Services and Securities Act 2010 Malaysia, Financial Services Act 2013 Malaysia and all related financial and capital markets laws of Malaysia including Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA) Malaysia. We are also bound by guidelines provided by Bank Negara Malaysia (BNM), Malaysia’s central bank.

Our licence numbers are:


Money Broking:

MB/21/006

Dated 15th May 2021

Credit Token:

CT/21/0011

Dated 15th May 2021


The Money Broking licence gives us the authority to set up and operate a digital assets platform, accepting all users globally excluding citizens and entities of Malaysia, USA and of countries listed under UN’s Sanction List.

A Credit Token licence allows UDCX to issue its own utility tokens to be used solely within the platforms operated by UDCX and as outlined in our approval from LFSA.

Labuan, officially known as Federal Territory of Labuan, is a Federal Territory of Malaysia. It is an offshore financial centre offering international financial and business services via Labuan International Business and Financial Centre since 1990.