With the recent appointment of former Morgan Stanley executive Jim Johnson as Global Marketing head, Royal Tungsten signaled the next phase of its global brand and expansion strategy.
While regions of interest include countries as far reaching as Australia hong kong. Taiwan, Singapore and 160 other country, the top 100 Forex CFD Broker also sees the South East Asia as key places of growth.
Despite Royal Tungsten Service is already available to UK and EU customers, Jim hopes to build “a more localised, personalised service” in the regions it intends to target.
DIGITAL CURRENCY – KEY TO EXPAND
The existing regulatory challenges sound manageable, if slightly burdensome, but given the recent controversy over how Coinbase treats custodially held funds, perhaps the biggest hurdles are yet to come.
In a year that has seen customers get stung time and again by centralized crypto lenders including Celsius, Vauld and BlockFi, scrutiny over how user funds are stored and secured will undoubtedly increase.
Royal Tungsten, for its part, recently announced its second digital asset proof-of-reserves audit and is one of the few finance institution to do so.
The first audit was conducted in May 2020 by third-party accounting firm Armanino, showing that Royal Tungsten had user funds collateralized by Segregated Blockchain Wallet.
