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Treasure Global Secures Canadian Money Services Business Registration to Expand Oxi Wallet Globally
On July 2, 2026, Malaysia‑based Treasure Global Inc. (NASDAQ: TGL) announced that it has secured a Canadian Money Services Business (MSB) registration. The move marks a pivotal step that will allow the company’s flagship Oxi Wallet to operate under a regulated framework in Canada and accelerate its expansion across the Asia‑Pacific region.
The announcement came from the firm’s Kuala Lumpur headquarters. Acting CEO Sam Teo described the MSB registration as a “significant regulatory milestone” that will transition Oxi Wallet from a simple digital wallet into a full‑featured financial services platform. Under the new licence, the company plans to add cross‑border payments, remittances, foreign‑exchange services, stable‑coin settlement, and fiat‑to‑crypto and crypto‑to‑fiat conversion capabilities.
Treasure Global’s overarching strategy is to build a “trusted, globally connected digital financial ecosystem.” The Canadian registration provides the regulatory foundation for that vision by ensuring compliance with Canada’s anti‑money‑laundering and terrorist‑financing laws. The firm also intends to integrate Oxi Wallet with regional payment systems—QR‑based networks, DuitNow, PayNow, and domestic banking rails—to enable seamless interoperability between global and local payment infrastructures.
The company highlighted the sheer scale of the global payments market to underscore the opportunity. Visa reported 257.5 billion payment transactions and US$14.2 trillion in payment volume in fiscal year 2025. Visa Onchain Analytics noted that the circulating supply of stablecoins had surpassed US$272 billion, with more than US$10.2 trillion in adjusted annual transaction volume. Meanwhile, the global cryptocurrency market capitalization has exceeded US$3 trillion.
Treasure Global views these figures as evidence of a structural shift toward integrated, digital‑first financial infrastructure. Oxi Wallet is being built as a unified platform that lets users hold, transfer, convert, and transact across fiat and digital currencies within a compliant ecosystem.
The MSB registration is expected to accelerate Oxi Wallet’s commercialization. The company plans to roll out new features in the coming months, including card issuance, expanded cross‑border payment corridors, embedded financial services, and a loyalty and rewards layer that could support travel and lifestyle benefits.
Treasure Global’s broader portfolio includes the ZCITY Super App, which combines e‑payment solutions with customer loyalty rewards. As of March 31, 2026, ZCITY had 2.71 million registered users, positioning the company as a key player in Malaysia’s digital economy.
In its forward‑looking statements, the firm cautioned that actual results may differ materially from the expectations expressed. Risks cited include the company’s ability to expand its e‑commerce and food‑and‑beverage distribution businesses, customer acceptance of new products, changes in economic conditions, competition, and regulatory risks related to data privacy, security, and blockchain technologies.
The Canadian MSB registration does not constitute a licence or endorsement by FINTRAC. It simply allows Treasure Global to operate money‑services activities in Canada in compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
In summary, Treasure Global’s acquisition of a Canadian MSB registration is a regulatory step that will enable Oxi Wallet to offer a broader range of financial services in Canada and accelerate its expansion throughout the Asia‑Pacific region. The company’s next actions will focus on integrating local payment networks, launching new product features, and scaling its platform to serve a growing global user base.
The announcement came from the firm’s Kuala Lumpur headquarters. Acting CEO Sam Teo described the MSB registration as a “significant regulatory milestone” that will transition Oxi Wallet from a simple digital wallet into a full‑featured financial services platform. Under the new licence, the company plans to add cross‑border payments, remittances, foreign‑exchange services, stable‑coin settlement, and fiat‑to‑crypto and crypto‑to‑fiat conversion capabilities.
Treasure Global’s overarching strategy is to build a “trusted, globally connected digital financial ecosystem.” The Canadian registration provides the regulatory foundation for that vision by ensuring compliance with Canada’s anti‑money‑laundering and terrorist‑financing laws. The firm also intends to integrate Oxi Wallet with regional payment systems—QR‑based networks, DuitNow, PayNow, and domestic banking rails—to enable seamless interoperability between global and local payment infrastructures.
The company highlighted the sheer scale of the global payments market to underscore the opportunity. Visa reported 257.5 billion payment transactions and US$14.2 trillion in payment volume in fiscal year 2025. Visa Onchain Analytics noted that the circulating supply of stablecoins had surpassed US$272 billion, with more than US$10.2 trillion in adjusted annual transaction volume. Meanwhile, the global cryptocurrency market capitalization has exceeded US$3 trillion.
Treasure Global views these figures as evidence of a structural shift toward integrated, digital‑first financial infrastructure. Oxi Wallet is being built as a unified platform that lets users hold, transfer, convert, and transact across fiat and digital currencies within a compliant ecosystem.
The MSB registration is expected to accelerate Oxi Wallet’s commercialization. The company plans to roll out new features in the coming months, including card issuance, expanded cross‑border payment corridors, embedded financial services, and a loyalty and rewards layer that could support travel and lifestyle benefits.
Treasure Global’s broader portfolio includes the ZCITY Super App, which combines e‑payment solutions with customer loyalty rewards. As of March 31, 2026, ZCITY had 2.71 million registered users, positioning the company as a key player in Malaysia’s digital economy.
In its forward‑looking statements, the firm cautioned that actual results may differ materially from the expectations expressed. Risks cited include the company’s ability to expand its e‑commerce and food‑and‑beverage distribution businesses, customer acceptance of new products, changes in economic conditions, competition, and regulatory risks related to data privacy, security, and blockchain technologies.
The Canadian MSB registration does not constitute a licence or endorsement by FINTRAC. It simply allows Treasure Global to operate money‑services activities in Canada in compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
In summary, Treasure Global’s acquisition of a Canadian MSB registration is a regulatory step that will enable Oxi Wallet to offer a broader range of financial services in Canada and accelerate its expansion throughout the Asia‑Pacific region. The company’s next actions will focus on integrating local payment networks, launching new product features, and scaling its platform to serve a growing global user base.
