HBGL, a licensed digital asset service provider and affiliate of the HTX Group, has announced its soft launch in Australia, marking its formal entry into the market. The company is introducing compliant fiat-to-stablecoin trading services, aiming to build a secure bridge between digital assets and traditional finance.
During the initial soft launch phase, HBGL will offer trading pairs for USDT and USDC against fiat currencies, providing retail, institutional, and professional clients with streamlined conversion pathways. This phased approach allows the company to validate core infrastructure, deepen liquidity channels, and support early market activities before full commercial availability.
HBGL is registered with AUSTRAC as a Digital Currency Exchange (DCE) and operates under a comprehensive Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) framework. The company has implemented rigorous Know-Your-Customer (KYC) procedures, ongoing transaction monitoring, and robust risk management measures to ensure compliance with Australian regulatory standards.
Fully supported by the HTX Group, HBGL benefits from institutional-grade technological capabilities, liquidity support, and operational expertise while maintaining an independent governance structure tailored to the Australian regulatory environment. A company spokesperson stated: "Our objective is to establish a trustworthy, compliant, and reliable on-and-off-ramp for stablecoin liquidity in Australia. The soft launch phase allows us to test, refine, and scale our service offering in a controlled setting."
Initially, HBGL will focus on fiat settlement services, OTC execution, and liquidity sourcing. The company is also preparing to pursue additional Australian financial services licensing to support future product expansion. A targeted marketing rollout will accompany the soft launch, with broader campaigns planned as service capabilities grow.
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