Hong Kong Virtual Asset Exchange (HKVAX) has obtained licensing from Hong Kong’s Securities and Futures Commission (SFC) to operate as a virtual asset trading platform, making it the third licensed crypto exchange in the city. HKVAX is the first to be authorized under the virtual asset regulatory framework introduced two years ago. The exchange acquired Type 1 and Type 7 licenses for securities trading and automated trading services, respectively, along with an Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) license. Specializing in Security Token Offerings (STO), Real-World Asset (RWA) tokenization, OTC trading, and custody services, HKVAX aims to reshape traditional financial markets by enhancing liquidity and creating new opportunities. The company's strategic partnerships with industry players are set to further its growth and contribute to Hong Kong's financial innovation. HKVAX's approval aligns with the city's efforts to establish itself as a leader in the virtual asset market, particularly for retail investors. Read more AI-generated news on: https://app.chaingpt.org/news