EX.IO, a licensed virtual asset exchange in Hong Kong backed by Sina's Huasheng Group, plans to develop RWA (Real World Assets) and security token products.

Odaily Planet Daily News: The licensed virtual asset exchange EX.IO in Hong Kong announced plans to develop RWA (Real World Assets) and security token products. EX.IO stated that it has signed a memorandum of understanding with the virtual asset investment company Octiv Capital, and the relevant products may combine traditional finance and alternative assets. Previously, it was reported that EX.IO obtained approval from the Hong Kong Securities and Futures Commission (SFC) last December to operate a virtual asset trading platform under Type 1 (Securities Trading) and Type 7 (Providing Automated Trading Services) licenses, as well as in accordance with the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). It is reported that EX.IO is a licensed institution with a brokerage background, primarily invested by Sina's Huasheng Capital Group, along with Longling Capital and Weixin Jinke Investment. (Hong Kong Economic Journal)