hi - the Web3 Neo-Banking platform - announces the launch of an independent trading platform - hkx.hi.com - for Hong Kong users, following the submission of its application notice to be registered as a licensed Virtual Asset Trading Platform, under the supervision of the Hong Kong Securities and Futures Commission (SFC). 

Equipping customers in Hong Kong with sophisticated trading tools in order to be able to trade crypto assets, the new independent and segregated platform is in accordance with the SFC’s requirements for safety and cybersecurity standards. 

These efforts follow the registration as a Virtual Assets Service Provider (VASP) in Lithuania in October 2022 and registration as a Virtual Currency Operator with Italy’s payments services regulator, the Organismo Agenti E Mediatori (OAM) in February of this year. This prepares hi to comply with the Markets in Crypto Assets (MiCA) legislation coming into force in July across Europe.  

hi’s Co-Founder Sean Rach said, “This represents another step forward for hi as we expand, delivering our much in-demand crypto & fiat services to our valued members. We remain  committed to work closely with regulatory agencies to uphold global standards.”

The hi platform has 3.5 million members who use the App for Trading, Savings & Payments. Recently, hi launched its Debit Card in the UK and select markets in the EEA, enabling members to spend digital and fiat assets at over 90 million Mastercard merchants worldwide. Additionally, cardholders can earn up to 10% in Spend Rewards as well as 100% rebates on 1-15 digital subscriptions such as Netflix, Disney+ and Amazon Prime. Coming shortly will be the world’s first NFT Customizable Card with Mastercard.

With its platform launch in Hong Kong, hi is proud to be a part of @web3harbour - a membership network of stakeholders from across industry sectors in Hong Kong who are committed long-term to the sustainable and equitable development of a decentralised internet and virtual asset economy.