FOMO Pay, a Singapore-based payment institution, and PantherTrade, a Hong Kong virtual asset trading platform owned by Futu Holdings Limited, have launched Travel Rule connectivity to streamline digital asset transfers. This collaboration allows eligible FOMO Pay clients to transfer digital assets directly to PantherTrade accounts without using third-party wallets, ensuring compliance with regulatory requirements.
The integration marks PantherTrade’s first Travel Rule collaboration with an overseas licensed institution, facilitating compliant cross-border digital asset movement. This development is significant as it connects FOMO Pay’s payment infrastructure with Futu’s digital asset trading ecosystem, enhancing access for investors to a diverse range of investment products.
Leona Gan, Director of Business Development at FOMO Pay, highlighted the importance of connecting payments, trading, and financial infrastructure through compliant channels, stating, “Our collaboration with PantherTrade is another step towards enabling more seamless digital asset transfers and a more connected financial ecosystem.”
Sherry Zhu, Global Head of Digital Assets at Futu, emphasised the importance of regulatory compliance and investor protection, saying, “By enabling compliant cross-border digital asset transfers, we are building a bridge to a more connected Web3 ecosystem.”
This partnership underscores the ongoing development of infrastructure that connects payments and regulated digital asset markets, supporting the evolving needs of businesses and institutional participants. As digital assets become more integrated into global financial systems, such collaborations are crucial for simplifying transactions and ensuring compliance.
