According to TechFlow, according to the website of the Hong Kong Securities and Futures Commission, HKDAX has submitted an application for a virtual asset trading platform license to the Hong Kong Securities and Futures Commission.

HKDAEx (Hong Kong Digital Asset Exchange) is a member of the Hong Kong Financial Asset Exchange Group. HKDAEx says it will connect physical assets with digital assets to improve liquidity, thereby enhancing the value of physical assets and promoting the development of the real economy.