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OPINIONS
An update on my withdrawal plan from Tokenize Exchange.
Tan Choong Hwee
8d ago
Investor/Trader at Home
This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2025/07/25/my-withdrawal-plan-from-tokenize-exchange/
Disclaimer: This post is just for educational sharing purposes. Please do your own due diligence on any products mentioned in this post.
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On 18 July 2025, I reported in a blog post about Tokenize Exchange is Ceasing its Operations in Singapore. I was informed about the ceasing and payment window via emails they sent me the previous night (17 July 2025). I checked and such information wasn't published on their website.
On 20 July 2025, there were news reports from Straits Times and The Edge on this matters:
https://www.straitstimes.com/business/companies-markets/crypto-exchange-tokenize-xchange-to-shut-down-singapore-operations
https://www.theedgesingapore.com/news/cryptocurrency/tokenize-xchange-cease-operations-singapore-after-failing-obtain-mpi-license
These news reports mentioned Tokenize Exchange is ceasing its operations in Singapore because the Monetary Authority of Singapore (MAS) decided not to grant the company a Major Payment Institution (MPI) licence. However, there was no reason given to why MAS decided not to grant MPI licence.
Tokenize Exchange emails gave their support email address [email protected], and I had communicated via this support line. I learnt a few things from the email exchange:
I have also communicated with a few friends, some have more experience with crypto, and some are also Tokenize Exchange customers facing the same issues.
With Tokenize Exchange support emails and friends' sharings, I have formulated my withdrawal plan:
As readers who follow my Crypto Investment Updates would know, I have already fully withdrawn my capital in December 2024 (Crypto Investment Update – December 2024). My crypto assets in Tokenize Exchange are pure profits. It allows me to remain calm amidst this Tokenize Exchange saga.
I believe some of Tokenize Exchange users might be under a lot of stress due to the size of their portfolio. Those with more than $100,000 portfolio value are scheduled to withdraw in September 2025. I can imagine and empathize with your anxieties, watching your crypto portfolio value going up and down while waiting for your turns to withdraw. But the last thing you need is panic.
For me, this Tokenize Exchange calamity is a precious learning opportunity. My withdrawal window is in August 2025, so I have some time to learn and execute the withdrawal plan I mapped out above. I will publish my findings and experiences running through the plan in this blog. Hopefully these blog posts can help some of you!
Stay Calm! Stay Brave! Stay Rational!
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Tan Choong Hwee
8d ago
Investor/Trader at Home
Blogger, Investor
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