January 08, 2025
By Our Correspondent
The Hong Kong Virtual Asset Exchange (HKVAX), a crypto exchange, has entered into a memorandum of understanding with Victory Securities to bolster the virtual asset ecosystem in Hong Kong.
This collaboration intends to integrate HKVAX’s infrastructure with the financial services platform and network of Victory Securities, thereby exploring new avenues in virtual asset brokerage and distribution.
The partnership will also prioritize initiatives related to risk-weighted assets and tokenization, aiming to create a robust ecosystem that enhances the distribution of virtual assets. Furthermore, it seeks to provide investors with access to premium tokenized assets.
Beyond improving asset distribution, this alliance aspires to contribute to the broader development of the market and strengthen Hong Kong’s position in the global virtual asset sector.
