APX.HK recently made its debut as a fully compliant virtual Digital Currency Exchange (DCE) platform in Hong Kong. APX.HK highlights its features of compliance and security, and strictly complies with the guidelines of Hong Kong Securities and Future Commission’s (HK SFC) on the virtual asset trading platform (Sandbox Regulation). Aiming to be the world’s leading compliant virtual asset exchange, the platform commits to build a solid platform to gain complete confidence of professional investors, including sovereign funds, pension funds, hedging funds, family office and high net worth individuals. Mr. Alec Tsui, the former Chief Executive Officer of the Stock Exchange of Hong Kong, has joined GlobalSTOX Limited (“GSL”); GSL is a rising star fintech company headquartered in Hong Kong and it’s the company behind APX.HK. It has been striving to innovate the financial market infrastructures with the cutting-edge technologies, including Artificial Intelligence (AI), Blockchain and the Internet of Things (IoT) technology.
APX.HK is firmly backed by GSL, who has strong management, consultancy and technical teams. The team members of GSL include Mr. Thomas Cheung, the Hong Kong Deputy of the National People’s Congress of China, Mr. Jay Liang, the Co-chairman of Hong Kong Blockchain Association, Mr. Tony Tong, the Founder of PacificNet (the 2nd Hong Kong internet company listed on NASDAQ), Mr. Alec Tsui, the former Chief Executive Officer of the Stock Exchange of Hong Kong, Mr. Stephen Suen, the former Director of Enforcement Department of HK SFC, Mr. Danny Deng, the Chairman of Tai Yi Group , Mr. Charlie Lee, the Chief Technology Officer of Coinbase and also the Litecoin founder, and other veterans in financial and Blockchain industry.
Recently, the Hong Kong Stock Exchange (HKEX) intends to expand its business scope into virtual asset trading area and Blockchain by making an indicative takeover bid to London Stock Exchange (LSE) with bid price of US$36.6 billion. LSE and its mother company, have been putting big efforts on applications of Blockchain technology into capital markets these years. They are developing the first settlement system of crypto currency pricing bonds. This big acquisition would inevitably empower HKEX with Blockchain technology. HKEX’s action will attract other traditional financial institutions into the crypto world, meanwhile these financial institutions will pay more attention to keep it compliant and secure.