HONG KONG SAR – Media OutReach Newswire – 18 October 2024 – Hong Kong Virtual Asset Exchange Limited (HKVAX) showcased its leadership in facilitating Security Token Offerings (STOs) for the blue economy at the Oeiras BlueTech Ocean Forum cum 10th International Forum on Clean Energy. The event, held on October 16-17, 2024, in Oeiras, Lisbon, saw HKVAX sign a Memorandum of Understanding (MoU) with Fórum Oceano and Yacooba Labs for a Blue Economy STO project, exemplifying its commitment to global collaboration in sustainable finance.
MoU Signed for Blue Economy STO Project
HKVAX, a leading virtual asset trading platform licensed by Hong Kong’s Securities and Futures Commission, Fórum Oceano, a prominent Portuguese organization dedicated to promoting sustainable ocean management, and Yacooba Labs, a cutting-edge technology company specializing in data analytics and AI solutions, formalized their partnership by signing an MoU for an innovative Blue Economy STO project at the forum.
The MoU outlines a broader commitment to the Blue Economy sector. The partners will make their best efforts to engage high-quality security token projects related to the Blue Economy with HKVAX covering aspects such as tokenization, distribution, listing, trading, and token custody.
Dr. Anthony Ng, Co-Founder and CEO of HKVAX, emphasized the project’s significance: “This collaboration exemplifies our commitment to driving security token innovations in the Blue Economy sector. By tokenizing Blue Economy projects, we’re not only creating new investment opportunities but also actively contributing to marine ecosystem preservation.”
HKVAX CEO Showcases Hong Kong’s Leadership in Blue Economy Tokenization
Dr. Anthony Ng, Co-Founder and CEO of HKVAX, delivered a keynote speech highlighting Hong Kong’s strategic position in the virtual asset landscape and its potential to revolutionize blue economy investments.
“Hong Kong’s robust regulatory framework, coupled with HKVAX’s cutting-edge tokenization solutions, positions us as a global hub for blue economy innovation,” Dr. Ng stated. He emphasized the transformative potential of security tokens in unlocking new investment opportunities within the blue economy sector.
Dr. Ng illustrated how HKVAX’s expertise in STO creates a bridge between traditional finance and sustainable ocean initiatives. “By leveraging blockchain technology, we’re not just facilitating investments; we’re catalyzing a new era of transparent, efficient, and impactful funding for crucial blue economy projects,” he explained.
Forum Fosters Global Collaboration in Blue Economy Innovation
Dr. Ambrose So, President of the International Forum for Clean Energy (Macau), delivered an opening speech emphasizing the importance of international partnerships in advancing blue economy initiatives.
“China and Portugal can leverage their technological advantages to advance blue technology commercialization,” Dr. So stated. He highlighted green finance and blue carbon investments as key growth areas, commending initiatives like HKVAX’s Blue Economy STO project.
“By combining our strengths, we can accelerate innovation and contribute significantly to global ocean sustainability,” Dr. So concluded. His remarks underscored the value of cross-border collaboration, aligning with HKVAX’s mission of facilitating international partnerships through tokenization.
The Oeiras BlueTech Ocean Forum served as a catalyst for HKVAX’s mission to drive innovation in the blue economy through STOs and international partnerships. By bringing together diverse stakeholders from industry, academia, and policy, the forum enabled HKVAX to demonstrate its unique position at the intersection of fintech and sustainability. The MoU signing for the Blue Economy STO project underscores HKVAX’s role in translating global collaborations into tangible financial solutions for environmental challenges, reinforcing Hong Kong’s status as a hub for sustainable finance innovation. innovation.
