HKVAX Partners with TerraChain to Bring Security Tokens to Hong Kong

TerraChain is establishing a genuinely efficient market for any form of security by supplying the infrastructure required to create transparency into underlying assets and companies.

FREMONT, CA: HKVAX, a Hong Kong-based virtual asset trading platform, has entered into a strategic partnership with TerraChain, a security token issuance and management platform, to offer services for customers in APAC seeking to take advantage of security tokens (STOs).

Hong Kong is one of Asia's most virtual asset-friendly and welcoming cities, and it will soon become the primary financial center for tokenized securities (STOs).

HKVAX, an abbreviation for Hong Kong Virtual Assets Exchange Limited, is a virtual asset exchange that offers professional virtual asset trading as well as personalized services to institutions looking to invest in the virtual asset and financial technology sectors. In addition, the custodian arm allows organizations to safeguard their properties.

TerraChain is establishing a genuinely efficient market for any form of security by supplying the infrastructure required to create transparency into underlying assets and companies. TerraChain has created a framework that combines on-chain cashflow data with digital securities to provide information to all market participants at all times while automating the functionality of complex financial instruments such as asset-backed securities. TerraChain offers a full-service issuance process and integrates directly with underlying asset cashflows through customizable data oracles. This summer, the company intends to issue its first protection backed by a luxury condominium/hotel in South East Asia.

"In 2021 and beyond, we will see the new normal to have a complete breakdown and real adoption in blockchain technologies will be implemented into all levels of operations, the most immediate we are seeing is the possibilities in security tokens and some banks are also in the middle of securitizing certain plain vanilla products. Hence, we are delighted to explore and work with the talented team in TerraChain to unleash the new era and create an ecosystem that customers can enjoy a one stop solution," stated Ivan Chan, Co-founder of HKVAX.