Odaily Planet Daily News Hong Kong licensed virtual asset exchange EX.IO announced that it plans to develop RWA and security token products. EX.IO said it has signed a memorandum of understanding with virtual asset investment company Octiv Capital. The relevant products may combine traditional finance and alternative assets.
According to previous news, EX.IO obtained approval from the Securities and Futures Commission (SFC) of Hong Kong in December last year to operate a virtual asset trading platform in accordance with the Type 1 (Securities Trading), Type 7 (Providing Automated Trading Services) licenses and the Anti-Money Laundering and Terrorist Financing Ordinance (AML0). It is reported that EX.IO is a licensed institution with a brokerage background invested by Sina's Huasheng Capital Group as the main investor, Longling Capital and Weixin Jinke. (Sing Tao Daily)