EVIDENT is proud to announce a strategic partnership with Hong Kong Virtual Assets Exchange Limited (HKVAX), a virtual asset trading platform licensed by the Hong Kong Securities and Futures Commission (SFC) under Type 1 (Dealing in securities) and Type 7 (Providing automated trading services), along with the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) license. This collaboration is a concrete implementation of how fully licensed digital venues can serve as new distribution channels for tokenized real-world assets, combining the HKVAX trading platform with EVIDENT's cutting-edge digital infrastructure for structuring, tokenizing, distributing, and managing alternative assets. This partnership marks a pivotal step in EVIDENT's mission to expand investor access to alternatives and set a new standard in digital market infrastructure within the rapidly evolving Web3 ecosystem.
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The partnership between EVIDENT and HKVAX is a testament to the shared vision of both companies to create a seamless, efficient, and secure environment for the issuance and trading of tokenized assets. Through this collaboration, EVIDENT and HKVAX will work closely to integrate their technologies, enabling the efficient distribution of alternative assets on HKVAX's licensed exchange in Hong Kong. The parties are well progressed in the listing process of the first asset, with more details to be shared in due course.
Dr. Florian M. Spiegl, CEO of EVIDENT, stated, "We have invested significant time and resources in developing our own technology stack and comprehensive licensed setup to act as an efficient issuance and market infrastructure for alternative assets. Our primary focus is on connecting a broader range of distribution channels to reach private wealth investors for alternative assets. This partnership is an important step in that direction and a crucial move towards adding virtual asset venues as an efficient way for investors to access tokenized assets. We believe this new breed of digital exchanges will positively reshape the landscape of transacting in these assets, adding market efficiency and providing access to unique investment opportunities for more investors."
Sam Fok, Co-Founder & COO of HKVAX, emphasized the significance of the partnership, stating, "This is a collaboration between two cutting-edge players in the digital assets industry, operating with great synergy. Our partnership with EVIDENT provides us with efficient access to a deal flow of high-quality alternative assets that many investors in the market are actively seeking but cannot access today. It also provides options for entrepreneurs, start-ups, and other business owners to raise capital in a much more effective way. The partnership demonstrates how tokenization platforms like EVIDENT and trading platforms like HKVAX can work together to offer better opportunities for both capital fundraisers and investors to participate in a rapidly evolving financial landscape."
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This partnership is a milestone for EVIDENT and HKVAX and for the broader financial services industry. By utilizing blockchain technology as a transversal data layer, the collaboration promises to deliver substantial improvements in core processes such as asset issuance, lifecycle management, and compliance. The partners are also working on the integration of advanced technologies, including decentralized identity (DID), automated transaction monitoring, and controlled asset servicing processes, which will ensure that investors gain access to high-grade, efficiently managed tokenized assets in a stable environment. This partnership underscores the role of blockchain as an enabling technology, driving significant advancements in market efficiency and transparency.
Aligned with the missions of both EVIDENT and HKVAX, this development contributes to Hong Kong's aspiration to be a vibrant financial services hub, particularly in the realm of asset and investment services powered by Web3 technology—a key priority for Hong Kong according to the 2024 Policy Address. This partnership sets the first step and is poised to benefit from further regulatory advancements and the opening of Hong Kong to the next levels of innovation, particularly around stablecoins and Central Bank Digital Currencies (CBDCs),which promise further efficiency gains in real-time settlement of transactions on blockchain. By setting a new standard in digital asset distribution, the partnership is positioned to strengthen Hong Kong's role as a leader in the global financial landscape.
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This partnership is also a reflection of the progress in regulatory clarity and innovation that is emerging in the region. EVIDENT and HKVAX view this collaboration as the beginning of a stronger ecosystem, with many more parties expected to join as partners and competitors. The evolving landscape will ultimately benefit investors and reinforce Hong Kong’s status as a premier center for asset and wealth management.
