TechFlow News, October 5 — According to Ming Pao, on October 3, the Hong Kong Securities and Futures Commission (SFC) updated its list of virtual asset trading platforms. HKVAX, operated by Hong Kong Virtual Asset Exchange Limited, has officially obtained a VATP license, becoming the third licensed virtual currency platform in Hong Kong.
HKVAX has also received Type 1 (Securities Dealing) and Type 7 (Providing Automated Trading Services) licenses from the SFC. The platform announced that in addition to offering over-the-counter (OTC) trading, exchange services, and custodial solutions, it will focus on security token offerings (STO) and real-world asset tokenization (RWA) services.
Wu Weiliang, co-founder and CEO of HKVAX, said the company aims to position Hong Kong as a hub for STO and RWA in Asia and globally. He believes the development of STO and RWA will inject new vitality into traditional financial markets, enhance asset liquidity, and create more opportunities for fundraisers and investors.
