Hong Kong Virtual Asset Exchange (HKVAX), Hong Kong’s third virtual asset licensed trading platform and Victory Securities (8540.HK), a regulated financial services provider, have signed a Memorandum of Understanding (MoU) to establish a virtual asset strategic partnership on 6 January 2025.

The collaboration aims to strengthen the Hong Kong virtual asset ecosystem by integrating HKVAX’s infrastructure and virtual asset capabilities with Victory Securities’ institutional expertise and extensive financial service platform.

The partnership will focus on virtual asset brokerage, distribution, RWA, and tokenization opportunities, enhancing investors’ access to high-quality tokenized assets. Both entities seek to build a robust ecosystem, creating innovative and compliant virtual asset services tailored to sophisticated investor needs.

Dr Anthony Ng, co-founder and CEO of HKVAX, said,

“The partnership is a pivotal step in our mission to advance Hong Kong’s virtual asset ecosystem”.

He emphasised the synergy between HKVAX’s technological capabilities and Victory Securities’ traditional finance expertise.

With more than five decades of experience, Victory Securities brings extensive regulated financial expertise and a strong understanding of institutional client needs. The virtual asset partnership underscores both companies’ commitment to innovation within Hong Kong’s regulated virtual asset space.

Kennix Chan, Deputy Chief Executive Officer of Victory Securities, also shared,

“This partnership aims to provide the joint licensed exchanges with unique virtual asset investment opportunities in the market, further drive market development and maintain competitiveness in the global virtual asset market.”

Read more about the Hong Kong virtual asset partnership in the press release here.

Source of image: Freepik