HKVAX Secures SFC Type 1, 7 and AMLO Licences

From left to right: Simon Liu, Co-Founder and CTO of HKVAX; Dr. Anthony Ng, Co-Founder and CEO of HKVAX; and Sam Fok, Co-Founder and COO of HKVAX

HKVAX aims to build an intelligent, secure, seamless, and compliant virtual asset ecosystem. Dr. Anthony Ng, Co-Founder and CEO of HKVAX, said: "Obtaining the licence affirms HKVAX and demonstrates Hong Kong's resolve to lead in the virtual asset industry. We're part of a financial landscape revolution, aiming to establish Hong Kong as the STO and RWA center for Asia and beyond."

Dr. Ng emphasized that STO and RWA development will revolutionize traditional financial markets, enhance asset liquidity, and create more opportunities for financiers and investors. This aligns with Hong Kong's goals to strengthen its position as a financial hub and international asset management center. He believes HKVAX will offer higher quality, diverse options for local and global financiers and investors.

HKVAX's innovation extends beyond its business model to the technological level. Simon Liu, Co-Founder and CTO, said: "HKVAX's platform builds infrastructure for the future industry ecosystem. Our highly compatible system flexibly supports our business and partners, aiding industry development. Our five pillars - advanced trading engine, efficient settlement, unified asset management, leading blockchain technology, and multi-layered cybersecurity measurements - construct trustworthy products and services for clients. STOs and RWAs have broad market prospects and are key to HKVAX's tech-driven financial innovation."

Co-Founder and COO Sam Fok stated: "Obtaining the licence is just the first step. We will continue implementing our business plans. Our structure provides a good platform for potential clients and partners. It's not just an exchange, but a complete and comprehensive ecosystem. We offer end-to-end solutions, carefully designing every aspect from asset tokenization to custody, ensuring maximum security and efficiency. We welcome all potential partners and clients to discuss mutually beneficial solutions."

Mr. Fok added that the licences demonstrate the company's compliance and security efforts. He emphasized HKVAX's adoption of the highest "Know Your Customer" (KYC) and "Anti-Money Laundering" (AML) standards, creating a safe trading environment for investors. The company also provides comprehensive insurance for its custody services, ensuring absolute security of client assets.

HKVAX's three core services include:

1. Efficient OTC brokerage: Deep liquidity and optimized pricing for institutional clients.
2. 24/7 trading platform: Round-the-clock trading with customized tools.
3. Comprehensive asset custody: Multi-signature technology, cold/hot wallet separation, and comprehensive insurance coverage.

HKVAX is forming a virtual asset alliance with strategic partners including brokers, Money Service Operators (MSOs), Exchange Traded Fund (ETF) issuers, stablecoin issuers, virtual asset platforms, and project teams. This collaboration aims to create a thriving virtual asset ecosystem and contribute to Hong Kong's financial innovation. Post-licensing, the company will continue working closely with regulators to elevate industry standards, striving to provide more diverse and efficient services while fully complying with regulations.

Hashtag: #HKVAX

The issuer is solely responsible for the content of this announcement.

References

1. ^{^} Media OutReach Newswire (www.media-outreach.com)