- Hong Kong Virtual Asset #Exchange (HKVAX) has received preliminary approval from the Hong Kong Securities and Futures Commission (SFC) for regulated activities.
- It becomes the third licensed virtual asset trading platform in Hong Kong.
- #HKVAX will offer three core products: OTC brokerage with narrow spreads and high liquidity, institutional-grade trading, and 100% secured custody services.
- Founders include COO Ho Siu Leung and CEO Dr. Wu Weiliang, both Hong Kong entrepreneurs.
- HKVAX aims to set new standards in digital asset trading, bridging traditional and digital finance for local and global markets.
- The #platform seeks to be a benchmark for new product categories like #security #token offerings (STOs) and asset-backed tokens (ABTs).