The Hong Kong Virtual Asset Exchange (HKVAX) has recently received licensing from the Special Administrative Region’s Securities and Futures Commission (SFC) to cater to retail clients, making it the third cryptocurrency exchange to do so in Hong Kong.
HKVAX has been granted a Type 1 license for dealing in securities and a Type 7 license for providing automated trading services as a virtual asset trading platform (VATP).
It has also obtained an Anti-Money Laundering and Counter-Terrorist Financing license to operate its virtual asset trading platform. HKVAX is among a few selected exchanges to have been fully licensed in Hong Kong.
Its main services include over-the-counter trading, a trading platform, and secure, insured custody.
The exchange specializes in security token offerings (STO) and tokenization of real-world assets (RWA). In a statement, HKVAX’s co-founder and CEO, Anthony Ng, expressed their goal to establish Hong Kong as the center for STO and RWA in Asia and beyond.
