According to Odaily, Hong Kong-based virtual asset exchange HKVAX has announced the signing of a memorandum of understanding (MOU) with Fórum Oceano and Yacooba Labs for a blue economy security token project. This initiative aims to contribute to the protection of marine ecosystems. Under the agreement, the partners will collaborate with HKVAX on high-quality security token projects related to the blue economy, covering areas such as tokenization, distribution, listing, trading, and token custody.

HKVAX recently received a license from the Securities and Futures Commission (SFC) of the Hong Kong Special Administrative Region earlier this month, making it the third licensed virtual asset trading platform in Hong Kong.