HKVAX, Victory Securities ink MoU to advance virtual assets services

It also aims to reinforce Hong Kong's competitiveness in the global industry.

The Hong Kong Virtual Asset Exchange (HKVAX) and Victory Securities have signed a memorandum of understanding aimed at strengthening Hong Kong’s virtual asset ecosystem. 

The collaboration seeks to combine HKVAX’s infrastructure with Victory Securities’ financial services platform and network to explore opportunities in virtual asset brokerage and distribution.

The partnership will also focus on advancing initiatives in risk-weighted assets and tokenisation, creating an ecosystem designed to increase the distribution of virtual assets. It also aims to provide investors with access to high-quality tokenisation assets.

In addition to enhancing asset distribution, the partnership aims to contribute to the overall development of the market and reinforce Hong Kong’s competitiveness in the global virtual asset industry.