According to TechFlow, on October 5, Ming Pao reported that the Hong Kong Securities and Futures Commission updated the list of virtual asset trading platforms on October 3. HKVAX, a virtual asset trading platform under the Hong Kong Virtual Asset Exchange Limited, officially obtained the VATP license, becoming the third licensed virtual currency platform in Hong Kong.

HKVAX has obtained both Type 1 (Securities Trading) and Type 7 (Providing Automated Trading Services) licenses from the SFC. The platform announced that in addition to providing over-the-counter (OTC), trading platform and custody services, it will also focus on security tokens (STO) and real asset tokenization (RWA) services.

HKVAX co-founder and CEO Ng Wai-leung said the company’s goal is to build Hong Kong into an STO and RWA center in Asia and even the world. He believes that the development of STO and RWA will inject new vitality into the traditional financial market, enhance asset liquidity, and create more opportunities for financiers and investors.