(MENAFN – media OutReach Newswire)
HONG KONG SAR – Media OutReach Newswire – 18 October 2024 – Hong Kong Virtual Asset Exchange Limited (HKVAX) led discussions on Security Token Offerings (STOs) for the Blue Economy at the Oeiras BlueTech Ocean Forum on October 16-17, 2024, in Lisbon. HKVAX signed a Memorandum of Understanding (MoU) with Fórum Oceano and Yacooba Labs for a new Blue Economy STO project, highlighting its commitment to sustainable finance.
MoU Signed for Blue Economy STO Project
Representatives from HKVAX, Fórum Oceano, and Yacooba Labs signed the MoU. The partnership aims to support high-quality security token projects in the Blue Economy, with HKVAX facilitating tokenization, trading, and custody.
Dr. Anthony Ng, Co-Founder and CEO of HKVAX, stated, “This collaboration reflects our dedication to advancing security token innovations in the Blue Economy, creating investment opportunities while helping marine ecosystems.”
HKVAX CEO Highlights Potential in Blue Economy
Dr. Anthony Ng delivered a keynote speech showcasing Hong Kong’s potential in blue economy investments. He mentioned, “Hong Kong’s strong regulatory environment and our tokenization solutions enable us to become a global hub for blue economy innovation.” Through blockchain technology, HKVAX aims to enhance investment transparency and efficiency for blue economy projects.
Forum Encourages Global Collaboration
Dr. Ambrose So, President of the International Forum for Clean Energy (Macau), emphasized the need for international cooperation in blue economy efforts. He proposed that “China and Portugal can utilize their tech strengths for blue technology innovation,” highlighting areas like green finance and blue carbon investments.
The Oeiras BlueTech Ocean Forum was crucial for HKVAX, enabling it to show its role in promoting sustainable finance. The MoU signing for the Blue Economy STO project signals HKVAX’s commitment to transforming global partnerships into effective financial solutions for environmental challenges.
`
