Malta has accepted Triton Capital Markets Ltd.'s voluntary surrender of its investment services license, ending the company's authorization after 16 years. The Malta Financial Services Authority (MFSA) confirmed that Triton ceased to be licensed on 25 August and stated that the exit did not result from any regulatory enforcement action.
Triton, previously known as FXDD Malta, had used its Malta authorization to provide investment services across the European Economic Area (EEA) under MiFID passporting rules. With the surrender of its Maltese authorization, that passporting route for the Maltese entity is now closed. The MFSA notice addressed only the surrender of Triton's investment services license and clarified that the regulator had taken no enforcement action in connection with the exit.
Regulatory Status and Passporting History
The MFSA described the surrendered authorization as a Class 2 Investment Services License, which was Triton's prudential classification under the European Union's Investment Firms Regulation and Directive. An older FXDD page that remained publicly accessible on Wednesday stated that FXDD Malta held a Category 3 MFSA license and was approved to offer cross-border services across the EEA. The page's footer identifies FXDD Trading SAC, a separate entity registered in Peru. The MFSA emphasized that the Maltese license withdrawal does not determine the regulatory status of separate legal entities using the FXDD brand outside Malta.
Belgium's Financial Services and Markets Authority (FSMA) lists 24 March 2026 as the end date for Triton's freedom to provide investment services in Belgium. That end date came five months before the MFSA accepted Triton's license surrender. The Belgian record does not explain why the cross-border permission ended earlier. It shows that FXDD Malta entered the Belgian passporting register in April 2010 and continued under the Triton name after the Maltese company changed its legal name in November 2020.
Corporate Links and Revenue Impact
Triton also had a longstanding connection to the Nasdaq-listed company previously named Nukkleus, which changed its name to T3 Defense in February 2026. The relationship involved common ownership links and technology service agreements. A filing stated that former Nukkleus CEO Emil Assentato controlled Max Q Investments, which held 79% of Currency Mountain Malta LLC. Currency Mountain Malta was Triton's sole shareholder.
A 2025 Nukkleus annual report described Triton as the technology company's former primary customer and noted that Nukkleus and Triton terminated their general services agreement effective 1 January 2024. Nukkleus recorded $19.2 million of service revenue from Triton in its 2023 financial year and $4.8 million in 2024. The MFSA's latest notice was limited to Triton's investment services license in Malta and did not address these commercial arrangements.
