Hong Kong grants fresh licence to HKVAX to operate city’s third cryptocurrency exchange
Local firm Hong Kong Virtual Asset Exchange aims to offer over-the-counter trading, exchange and custody services
With its expertise in security token offerings (STO) and real-world asset (RWA) tokenisation, HKVAX aims to offer over-the-counter trading, exchange and custody services, the company said in a statement published on Friday.
The licence “demonstrates Hong Kong’s resolve to lead in the virtual-asset industry”, while HKVAX aims to establish the city as “the STO and RWA centre for Asia and beyond”, co-founder and chief executive Anthony Ng said in the statement.
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The company’s trading platform and onboarding system are still “undergoing final preparations”, the company said in a notice on its website.
