Hong Kong’s first digital asset exchange to introduce an NFT trading platform is set to launch the NFT platform later this year. The exchange will provide both a physical store as well as an online platform.
HKD.com provides an online platform that will allow users to purchase and trade through public offer or bidding, while artists from all areas will be able to publish their own work and represent themselves.
The founder of HKD.com, Mr Kelvin Yeung, commented on the space in the market for a platform like theirs:
- “considering the lack of a credible trading platform for digital creation in Hong Kong’s current market, HKD.com is determined to introduce the business of NFT and launch the trading platform. This not only can help the local artists to add value to their talents, but also can drive the development of the art market.”
In addition to their online platform, HKD.com will provide a physical branch of their NFT exchange right in the middle of Hong Kong’s commercial district, making them the first digital exchange to do so. The physical store will likely include a range of product categories, including physical art, tokenized collections, and even video clips, all with a corresponding NFT.
The Hong Kong based exchange is one of the largest in the city and as well as providing online exchange services, HKD.com also has a flagship store in central Hong Kong that acts as a trading floor. The exchange also has a number of cryptocurrency ATMs in Hong Kong.
Following tighter controls by financial regulators, the proposed regulatory framework would limit cryptocurrency trading to professional investors only. If implemented, this would likely encourage used to seek out unlicensed platforms, as well as removing crypto ATMs from public usage.