The world of digital assets continues to evolve, drawing traditional industries into the Web3 revolution. In a landmark move for Taiwan’s financial technology landscape, telecom leader Taiwan Mobile has officially announced its entry into the cryptocurrency market through its wholly-owned subsidiary, Fusheng Digital. On May 22 — symbolically chosen as Bitcoin Pizza Day — the company launched TWEX (Taiwan Mobile Virtual Asset Exchange), positioning it as the island's first crypto exchange backed by a major corporate conglomerate.
Designed with trust, security, and user experience at its core, TWEX aims to become Taiwan’s most reliable homegrown digital asset platform. By leveraging Taiwan Mobile’s extensive customer base and reputation for service excellence, the new exchange is poised to accelerate mainstream adoption of cryptocurrencies across the region.
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Core Features: Security, Simplicity, and Compliance
TWEX differentiates itself through three foundational pillars:
- High-standard risk control mechanisms
- User-friendly interface and seamless onboarding
- Regulatory-compliant infrastructure
These elements are carefully integrated to meet both regulatory expectations and retail investor needs. With growing scrutiny around crypto platforms globally, TWEX emphasizes transparency and safety as key drivers of long-term user trust.
The launch aligns with increasing regional interest in digital assets, particularly in Asia, where institutional participation and regulatory clarity are gradually improving. As more traditional firms explore blockchain integration, TWEX represents a significant step toward bridging conventional finance with decentralized technologies.
Limited Access Launch: Invitation-Only with Gradual Rollout
At launch, TWEX operates under an invitation-only model, available exclusively to Taiwanese nationals and existing Taiwan Mobile customers. This phased approach allows the team to ensure system stability, conduct real-world testing, and fine-tune user support before opening to the broader public.
Notably, during this initial phase:
- External deposits and withdrawals of cryptocurrencies are not supported
- Peer-to-peer or coin-to-coin trading is unavailable
- Trading is limited to buying and selling using fiat (TWD)
These restrictions will be lifted in future updates as the platform progresses through compliance reviews and technical validations. The gradual rollout reflects a cautious yet strategic entry into a highly sensitive financial domain.
Supported Cryptocurrencies and Transparent Fee Structure
TWEX begins operations with support for two leading digital assets:
- Bitcoin (BTC)
- Ethereum (ETH)
This focused selection ensures robust liquidity management and enables the platform to deliver optimal pricing and execution quality. As adoption grows, additional top-tier cryptocurrencies are expected to be added based on market demand and regulatory alignment.
Fee Schedule (Effective at Launch)
| Transaction Type | Payment Method | Fee |
|---|---|---|
| Buy Crypto | Account Balance | 1.2% |
| Buy Crypto | Bank Transfer | 1.5% |
| Sell Crypto | Any Method | 1.0% |
With a minimum buy fee of just 1.2%, TWEX positions itself as one of the most competitively priced exchanges in Taiwan’s emerging market. This pricing strategy not only attracts cost-conscious traders but also encourages frequent engagement from new users testing the waters of crypto investing.
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Fortified Security: Protecting User Funds and Data
Security remains a top priority for any digital asset platform — especially one entering from a traditional industry. TWEX reinforces trust through multiple layers of protection:
🔐 Fiat Fund Safeguards
Fusheng Digital has entered into a New Taiwan Dollar (TWD) trust agreement with Fubon Commercial Bank. This ensures that all customer fiat deposits are held in segregated trust accounts, completely separated from company operational funds — a critical measure for preventing misuse and enhancing audit transparency.
🔐 Crypto Asset Protection
To secure digital holdings, TWEX employs Hardware Security Modules (HSM) — an internationally recognized standard for cryptographic key management. HSMs provide tamper-resistant environments for storing private keys, significantly reducing the risk of unauthorized access or cyber theft.
These measures collectively position TWEX among the most secure entry points for Taiwanese investors exploring cryptocurrency for the first time.
Leadership Vision and Industry Collaboration
The official launch event on May 22 featured key executives:
- Lin Chi-Chen, CEO of Taiwan Mobile and Chairman of Fusheng Digital
- Han Kun-Chu, General Manager of Fusheng Digital
During the press conference, they unveiled the platform’s roadmap and shared insights into the future of virtual assets in Taiwan. Emphasizing responsible innovation, Lin stated that “digital assets are not just about speculation — they represent a fundamental shift in how value is stored, transferred, and utilized.”
Additionally, Fusheng Digital co-hosted an industry forum with the Taiwan FinTech Association, focusing on three critical themes:
- Cybersecurity and fraud prevention
- Anti-scam frameworks for retail investors
- Regulatory pathways for stablecoins in Taiwan
This collaborative effort highlights TWEX’s commitment to shaping a sustainable, regulated digital asset ecosystem rather than operating as a standalone trading venue.
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Frequently Asked Questions (FAQ)
Q: Is TWEX available to international users?
A: Not at launch. Access is currently restricted to Taiwanese citizens and Taiwan Mobile subscribers. International expansion plans have not been announced.
Q: Can I transfer my crypto from other wallets to TWEX?
A: No, external deposits and withdrawals are disabled during the initial phase. Users can only buy and sell BTC and ETH using TWD.
Q: Why is Bitcoin Pizza Day chosen for the launch?
A: May 22 commemorates the first real-world Bitcoin transaction in 2010, when 10,000 BTC was used to buy two pizzas. It’s widely celebrated in the crypto community as a cultural milestone.
Q: Are there plans to add more cryptocurrencies?
A: While only BTC and ETH are supported at launch, Fusheng Digital has indicated that additional major coins may be introduced after evaluating market demand and compliance requirements.
Q: How does TWEX differ from other local exchanges?
A: As the first exchange backed by a major telecom provider, TWEX benefits from strong brand trust, advanced security infrastructure, and integration potential with mobile services — setting it apart from independent platforms.
Q: Is TWEX regulated by Taiwan’s financial authorities?
A: While full regulatory licensing details haven’t been disclosed, the platform is built with compliance in mind, including partnerships with licensed financial institutions like Fubon Bank.
By combining telecom-scale reach with secure, compliant financial technology, TWEX marks a pivotal moment in Taiwan’s journey toward Web3 integration. As digital asset adoption accelerates across Asia, platforms like TWEX could play a crucial role in bringing millions of new users into the crypto economy — safely, affordably, and sustainably.