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HKVAX Receives from SFC License to Operate Virtual Asset Trading Platform
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Hong Kong Virtual Asset Exchange (HKVAX) announced that it has obtained Type 1 (dealing in securities) and Type 7 (providing automated trading services) licences from the Securities and Futures Commission (SFC), along with the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) licence to operate a virtual asset trading platform. As HKVAX has become Hong Kong's third regulated virtual asset platform, the company stated that, in addition to over-the-counter (OTC) trading, exchange, and custody services, it specializes in Security Token Offerings (STO) and Real-World Asset (RWA) tokenization. This comprehensive approach can provide one-stop virtual asset financial services. The company's aim is to establish Hong Kong as the STO and RWA center for Asia and beyond. AAStocks Financial News |
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