Fusheng Digital, a wholly owned subsidiary of Taiwan Mobile, announced on "Bitcoin Pizza Day"—May 22—that the Taiwan Virtual Asset Exchange (TWEX) platform is officially online. TWEX has become the first virtual asset exchange platform in Taiwan operated and invested by a major corporate group.
The platform emphasizes "security," "easy operation," and "small-amount purchases." It is designed to meet the needs of virtual asset trading beginners, offering a mechanism that allows users to start investing with as little as NT$100 (US$3.33). Users can complete cryptocurrency transactions in just three simple steps. Considering new users' unfamiliarity with on-chain transfers, TWEX initially does not support on-chain fund transfers to reduce the risk of operational errors.
Fubon chairman Richard Tsai stated that global virtual assets are gradually moving toward institutionalization and regulation, with integration between traditional financial systems expected to become closer. As the Web3 era arrived, he observed many ecological communities forming in Taiwan.
Tsai emphasized that the global virtual asset market capitalization has surpassed US$3.1 trillion. With Fubon's comprehensive system covering finance, telecommunications, and e-commerce, it is well-positioned to demonstrate high synergy in digital asset application scenarios. The launch of TWEX marks an important milestone for the group's entry into Web3 and aims to become a trusted gateway for consumers investing in virtual assets.
Jamie Lin, Fusheng Digital chairman, pointed out that currently, only about 5% of Taiwan's population participates in virtual asset investments, indicating significant market potential. He stressed that TWEX integrates group resources, providing full oversight from fund custody to technical protection.
Lin added that under regulatory guidance, TWEX expects to uphold strict compliance, rigorous anti-money laundering governance, and collaboration with all crypto and Web3 startups to promote the mainstream adoption of the industry, bringing positive value to the market.
Article edited by Jack Wu
