Originally known as HKVAX, the company rebranded to HVAX (Hong Kong Digital Asset Exchange) and is operated by Hong Kong Digital Asset EX Limited. It is a next-generation digital asset exchange committed to building a regulated and secure trading ecosystem in Hong Kong. In August 2023, the company received an approval-in-principle from the Hong Kong Securities and Futures Commission (SFC) to carry on Type 1 (dealing in securities) and Type 7 (providing automated trading services) regulated activities, allowing it to serve professional investors. HVAX aims to bridge the gap between traditional and digital finance by offering a compliant platform for trading virtual assets.