ZA Bank Opens Account For OKX Hong Kong to Support WEB3 Development in Hong Kong
ZA Bank, Hong Kong’s No.1 virtual bank, and OKX, a leading global virtual asset exchange and Web3 technology company announced that the bank has opened an operating account for OKX Hong Kong.
The ZA Bank operating account provides essential business banking services to support OKX Hong Kong’s daily banking needs. This lends further support to OKX Hong Kong’s plan to apply to the Securities and Futures Commission for the Virtual Asset Trading Platform (VATP) licence under the amended Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), and also the Type 1 & 7 licences under the Securities and Futures Ordinance (SFO).
Recommended: Predictions Series 2022: AiThority Interview with Dr. Arnaud Rosier, CEO & Founder at Implicity
ZA Bank Alternate Chief Executive Devon Sin said: “We’re excited to be a trusted banking partner of OKX as it continues to grow its presence in Hong Kong. This is a further step towards realising our ‘Banking for Web3’ vision, and we look forward to working closely with OKX in support of the healthy development of a vibrant Web3 ecosystem in Hong Kong under the new licensing regime for VATPs.”
Earlier this year, ZA Bank has unveiled its ambition to become the go-to banking partner for SFC-licensed VATPs and Web3 companies in Hong Kong, with the aim of supporting the HKSAR Government’s agenda of developing the city into a leading global hub for Web3 technologies.
Recommended: Predictions Series 2022: AiThority Interview with Anoop Ramachandran, Chief Technology Officer at Preciso
OKX Global Chief Commercial Officer Lennix Lai said: “As Hong Kong continues to develop into a leading international Web3 and virtual asset hub, close collaboration and banking relationships are critical. By working with ZA Bank, we aim to build the virtual asset space in Hong Kong and drive mass adoption, including joint investor education activities.”
Recommended: Predictions Series 2022: AiThority Interview with David Low, CMO at Talkwalker
[To share your insights with us, please write to sghosh@martechseries.com]
Comments are closed.