HGC has partnered with another leading SFC licence applicant for operating an STO trading platform in Hong Kong
XIAMEN, China, Aug. 25, 2022 /PRNewswire/ — HGC (BVI) Info Tech Ltd. (“HGC“), the issuer of Trucpal Tokens (“Trucpal“), announces its partnership with Hong Kong Virtual Asset Exchange Limited (“HKVAX”), which has become the other partner in HGC’s Global Partnership Program. Trucpal has been offered globally on July 25, 2022 through INX Securities, LLC, a registered broker-dealer and a member of FINRA/SIPC in the United States. Each Trucpal represents an entitlement to a portion of the qualifying revenue of HGC.
HGC is a leading digital SaaS service provider serving the Chinese freight market. HGC maintains its strengths and position through continuous business innovation and an open system. With an annual output value of US$1.5 trillion in 2020 and annual transportation volume of 52.1 billion tons in 2021 in the Chinese freight market, HGC believes that China is the world’s most promising digital freight market.
HKVAX is a Hong Kong-based virtual asset exchange that provides professional virtual assets trading and customized services for institutions and professional investors looking to invest in the virtual assets and financial technology sectors. HKVAX is presently in the process of applying for Type 1 & 7 licenses with the Hong Kong SFC.
HGC aims to cooperate with all compliant trading platforms to list Trucpal globally. Based on that, HGC announced the Global Partnership Program. It is expected that Trucpal will become one of the first security tokens that can be traded in multiple securities trading platforms and markets worldwide.
This collaboration between HGC and HKVAX will bring the parties to work together to coordinate compliance solutions, to seek regulatory approvals and to meet relevant registration requirements in both the United States and Hong Kong. The collaboration will also allow HGC and HKVAX to jointly develop technical…
