About us
Hong Kong Licensed Virtual Asset Association (“HKLVAA”) is a non-profit association that serves as an active conduit between industry practitioners, regulators, and new participants in the industry. It aims to be a forum for collaboration and coordination between leaders and key stakeholders in virtual asset industry in Hong Kong and around the world who are seeking to establish a presence in the city. HKLVAA hopes that by working together to build a stronger and appropriate regulatory framework, it can help position Hong Kong as a leading international virtual asset hub.
Key objectives
Acting as a platform for coordination among the leaders and key stakeholders of the VA industry
Making submissions on government, legislative and regulatory policy consultations and proposals
Driving positive policy changes to promoting the healthy development of the VA market in Hong Kong
Setting norms and standards for the VA industry
Public education to promote knowledge of VAs and latest developments and trends in the VA industry
Target audience
VA trading platforms
Other VA industry participants
Licensed securities dealers, asset managers and investment advisors
Financial institutions and service providers, bankers and traders
Legal professionals, auditors and accountants
Our Team
Mr. Lawrence Chu
Chairman
Chairman of VSFG
Appointed as a non-official member of the Web3 Task Force since 1 July 2023
Mr. Henry Yu
Secretary General
Founder and Principal Partner of L&Y Law Office and Henry Yu & Associates
Committees
Regulatory and Policy Committee
Discussing and formulating policy recommendations relating to VAs for submission to SFC and other regulatory authorities
Publicity and Events Committee
Organising events, publicity campaigns and public education on VAs
Membership Committee
Setting and reviewing membership eligibility criteria, approaching and vetting potential members and handling members’ enquiries
Milestones & roadmap
March 2023: Submission of feedback on SFC’s consultation on regulatory requirements for VA trading platform operators
May 2023: Soft launch and press release
September 2023: Submission of letter to Chief Executive’s Office to provide recommendations for Policy Address
September 2023: Publication of statement regarding the recent JPEX incident
October - November 2023: Participation in Hong Kong FinTech Week
October - December 2023: Meeting with SFC
October - December 2023: Submission of policy proposals to SFC
Our members
Founding members
HashKey Digital Asset Group Limited
VSFG (Venture Smart Asia Limited)
Victory Securities Company Limited
Axion Global Asset Management Limited
MaiCapital Limited
Hong Kong Virtual Asset Exchange Limited
Secretary general
Henry Yu & Associates
Other members (in alphabetical order)
Alicloud
Alta Group (Fundnel Limited)
Anglo East Insurance
BEOSIN Technology Limited
BitGo Inc.
ByBit
ChainUp Technology Hong Kong Limited
COBO
Coins Digital Markets (HK) Limited
FDT
Forkast Labs
Galaxy
GoPlus Security (GP Labs Pte. Ltd.)
GSR International Limited
HKD.com
HKVAEX (BX Services Limited)
Kaiko
Ledger Capital Inc.
Posley Asset Management Limited
SEBA (Hong Kong) Limited
Summer Capital Management Limited
Stay tuned with us
