HKbitEX (Hong Kong Digital Asset Exchange Group Limited) has obtained principle approval from the Hong Kong Securities and Futures Commission (SFC) for its Virtual Asset Trading Platform (VATP) licenses under the Securities and Futures Ordinance (SFO). This includes:
- Type 1 (Securities Trading)
- Type 7 (Automated Trading Services)
As the parent company of HKbitEX, Taiji Capital Group ("Taiji Capital" or "Group") becomes the first fully licensed digital finance group under Hong Kong’s new virtual asset regulatory framework.
Key Services and Offerings
HKbitEX will provide:
- Automated trading for Bitcoin, Ethereum, and other virtual assets.
- Over-the-counter (OTC) trading services.
- Compliant fiat on/off-ramps for seamless deposits/withdrawals.
Once approved by the SFC, HKbitEX will also support automated trading for Security Tokens (STOs) issued by Taiji Capital, enhancing Hong Kong’s fintech ecosystem with efficient, compliant markets.
STO Ecosystem Milestones
Taiji Capital’s subsidiary Pioneer Asset Management (licensed to manage 100% virtual asset portfolios) launched Hong Kong’s first tokenized commercial property fund (STO) in September 2023. With HKbitEX’s VATP approval, Taiji Capital now offers:
✅ STO issuance
✅ Liquidity via automated secondary markets
✅ End-to-end tokenized asset solutions
The Group has already deployed five STO projects, building a diversified product line.
Leadership Insights
Dr. Han Gao, Chairman of Taiji Capital and CEO of HKbitEX, stated:
"This approval reflects HKbitEX’s compliance in AML, system security, investor protection, and regulatory standards. Our VATP license marks a pivotal step in Taiji Capital’s mission to redefine digital finance."
He added:
"We’re advancing Hong Kong’s regulated stablecoin ecosystem. HKbitEX will enable T+0 delivery-vs-payment (DvP) for STO trades using stablecoins, boosting efficiency and reducing settlement risks."
Strategic Vision
HKbitEX and Taiji Capital aim to:
- Strengthen Web3 infrastructure aligned with Hong Kong’s growth in real estate, biotech, IP, and green energy.
- Position Hong Kong as a global hub for asset management in the Web3 era.
Regulatory Timeline
- June 1, 2023: VATP licensing regime生效.
- May 31, 2024: Unlicensed platforms must cease Hong Kong operations.
FAQ
1. What does HKbitEX’s VATP approval allow?
It permits regulated trading of virtual assets and STOs, with automated execution and OTC services.
2. How does Taiji Capital support STO projects?
Through issuance, custody, secondary liquidity, and compliance via subsidiaries like Pioneer and ON1ON Custody.
3. What are the benefits of trading STOs on HKbitEX?
- Instant settlement (T+0 DvP) using stablecoins.
- Regulated liquidity for tokenized assets.
4. Which sectors will HKbitEX target?
Focus areas include proptech, biotech, and renewable energy tokenization.
5. Is HKbitEX compliant with SOC 2?
Yes, its custodian (ON1ON) holds SOC 2 certification and insurance for virtual assets.
👉 Explore HKbitEX’s compliant trading platform
👉 Learn about Taiji Capital’s STO solutions
Taiji Capital’s subsidiaries include HKbitEX (exchange), Pioneer (asset management), ON1ON (custody), and Atom 8 (Web3 SaaS).
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