Tokenize Xchange
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anchored·3TrD7L…3Y1MSummary
Tokenize Xchange was a Singapore-based cryptocurrency exchange operated by AmazingTech Pte Ltd (ATPL), founded in 2017. The Monetary Authority of Singapore rejected its Major Payment Institution licence application on 4 July 2025, triggering an investigation by the Commercial Affairs Department. Court-appointed interim judicial managers reported S$266.3 million owed to customers against only S$2.6 million in realisable assets, and the company was subsequently wound up by the High Court in September 2025. Founder Hong Qi Yu has been criminally charged with fraudulent trading; proceedings are ongoing as of October 2026.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(13 events)
1 January 2017
AmazingTech Pte Ltd founded; Tokenize Xchange established in Singapore by Hong Qi Yu.
Cryptorank review1 April 2020
Tokenize Xchange receives regulatory approval from the Securities Commission of Malaysia.
Cryptorank review4 July 2025
MAS rejects ATPL's Major Payment Institution licence application; temporary exemption under the Payment Services Act 2019 ends; ATPL directed to cease payment services and return customer assets.
MAS Media Release1 July 2025
Customer complaints begin regarding withdrawal delays on the platform.
Linklaters Financial Regulation31 July 2025
Hong Qi Yu criminally charged with fraudulent trading under Section 238(4) of the Insolvency, Restructuring and Dissolution Act 2018 (maximum seven years imprisonment).
MAS Media Release1 August 2025
MAS and CAD issue joint public statement announcing investigation into ATPL and related entities for potential offences.
MAS Media Release15 August 2025
Singapore High Court places ATPL under interim judicial management following creditor petition.
Caproasia9 September 2025
Interim judicial managers submit report estimating S$266.3 million owed to customers against S$2.6 million in realisable assets; propose winding up.
Caproasia1 November 2025
Over 200 former customers file representative action HC/OC 984/2025 in Singapore High Court against Hong Qi Yu and Erin Koo Kee Hoon, seeking S$60.5 million in damages.
Fintech Singapore10 April 2026
Deputy Registrar Teo Guan Siew rejects defendants' arbitration stay applications; civil case proceeds in Singapore High Court (Low Jun Hong and others v Hong Qi Yu and another [2026] SGHCR 11).
Regtech.com9 October 2026
Singapore court grants S$53 million Mareva injunction (worldwide asset freeze) against Hong Qi Yu and Erin Koo Kee Hoon.
CaproasiaDecision Log
- slot 457331650 · hash E2Yjj7vu3cq8vFd8Z7MoJUxWoRQ3nZwgJHa65DF8sHMp
This investigation is cryptographically anchored to the Solana blockchain (1 decision). 0 of 16 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 10/15/2026, 6:06:35 PM
last updated: 10/15/2026, 6:06:35 PM
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