Fubon Group Chairman Ming-Chung Tsai, a leading figure in Taiwan's financial and telecommunications industries, recently made his first foray into virtual asset trading. He shared that buying his first Bitcoin took just 10 seconds through Taiwan Mobile's Virtual Asset Exchange (TWEX), marking a significant personal and corporate milestone in Web3 adoption.
Taiwan's Corporate-Backed Virtual Asset Exchange Launches
TWEX becomes Taiwan's first virtual asset exchange established and supported by a major corporation. At its launch event, Chairman Tsai (appearing via video from abroad) emphasized:
"This marks an important milestone for Taiwan Mobile's millions of users. We've built a trusted platform where users can trade virtual assets securely. I've long awaited such a platform for my first virtual asset transaction."
Web3 Integration and Market Potential
Chairman Tsai highlighted key industry developments:
- Global virtual assets are becoming institutionalized and standardized
- The market capitalization has surpassed $3.1 trillion
- Web3 adoption is accelerating with growing ecosystem communities in Taiwan
- Fubon Group's integrated financial, telecom, and e-commerce systems create synergistic digital asset applications
👉 Discover how leading exchanges are shaping Web3 adoption
Platform Features Designed for Beginners
TWEX addresses common pain points for new investors through:
Security:
- Taipei Fubon Bank trust accounts
- Taiwan Mobile's technical and financial backing
Simplicity:
- 3-step intuitive transactions
- Trading simulators for practice
Accessibility:
- Minimum NT$100 purchases
- Initial restriction on chain transfers to reduce complexity
Leadership Endorsements and Market Insights
Jamie Lin, Chairman of Fubon Digital, revealed:
- Personal Bitcoin investment since 2013 (656→$102,000+ value growth)
- Only ~5% of Taiwan's population currently participates in virtual assets
- Monthly active blockchain addresses now exceed 220 million globally
Lin compared blockchain's development stage to "1998 internet" levels, noting growing institutional acceptance. While acknowledging Bitcoin's potential as "digital gold," he clarified these were personal observations rather than financial advice.
Frequently Asked Questions
Q: How does TWEX ensure security for beginners?
A: Through bank trust accounts, corporate backing, and restricted initial functionality to minimize risks.
Q: What's the minimum investment amount?
A: As low as NT$100 (≈$3 USD) for Bitcoin or Ethereum purchases.
Q: Why can't users transfer assets on-chain initially?
A: This temporary restriction helps beginners avoid complex operations while learning.
Q: How does TWEX differ from other exchanges?
A: As Taiwan's first corporate-backed platform, it combines institutional trust with beginner-friendly features.
👉 Explore secure virtual asset trading platforms
The Future of Virtual Assets in Taiwan
This launch represents:
- A strategic Web3 entry point for Fubon Group
- Growing mainstream acceptance of virtual assets
- Taiwan's evolving digital economy landscape
With corporate leadership embracing blockchain technology personally and professionally, TWEX aims to bridge traditional finance and Web3 innovation while maintaining rigorous compliance standards.