Hong Kong Virtual Asset Exchange (HKVAX) has received a license from the Hong Kong Securities and Futures Commission (SFC) to operate a virtual asset trading platform.

The approval makes#HKVAXthe third licensed cryptocurrency exchange in the city and the first to receive approval under the virtual asset regulatory framework introduced two years ago.

HKVAX has been granted a Type 1 securities trading licence and a Type 7 automated trading licence. The exchange has also been granted an Anti-Money Laundering and Terrorist Financing Ordinance (AMLO) licence by the SFC.

HKVAX specializes in security token offerings (STOs), real asset tokenization (RWA), over-the-counter (OTC) trading, and custody services. These capabilities position it as one of the most regulated virtual asset platforms in Hong Kong.