According to BlockBeats, on August 31, the Hong Kong Securities and Futures Commission (SFC) website revealed that HKDAEx has submitted an application for a virtual asset trading platform license.
HKDAEx, also known as the Hong Kong Digital Asset Exchange, is a member of the Hong Kong Financial Asset Exchange Group. The exchange aims to connect physical assets with digital assets to enhance liquidity, thereby increasing the value of physical assets and promoting the development of the real economy.