YAX Partners with Solidus Labs to Strengthen Crypto-Native Transaction Monitoring in Line with Hong Kong SFC Standards
YAX, a wholly owned subsidiary of UP Fintech Holding has announced a strategic partnership with Solidus Labs, a leading provider of crypto-native risk monitoring and market surveillance solutions. The collaboration aims to enhance YAX’s transaction monitoring framework in full alignment with the Hong Kong Securities and Futures Commission (HKSFC) requirements for licensed Virtual Asset Trading Platforms (VATPs).
As Hong Kong continues to refine its regulatory approach to virtual asset trading, ensuring strong compliance and anti-financial crime safeguards has become paramount. Through this partnership, YAX has implemented Solidus HALO Transaction Monitoring, a behavioral analytics-driven solution designed specifically for the crypto ecosystem. The system provides unified oversight across onchain and offchain activities, enabling YAX’s compliance teams to detect, investigate, and respond swiftly to complex fraud typologies and illicit transaction patterns.
Elevating Transaction Monitoring to Meet HKSFC Expectations
The integration of Solidus HALO marks a significant milestone in YAX’s ongoing commitment to building a robust and transparent compliance framework that meets — and exceeds — regulatory expectations. HALO’s behavioral analytics engine allows YAX to identify and assess suspicious activity in real time, including multi-layered fraud schemes, money-mule networks, and other illicit activities that are increasingly sophisticated in today’s digital-asset landscape.
“Ensuring that YAX meets the HKSFC’s AML and transaction-monitoring standards is a cornerstone of our compliance framework,” said Hugo Wong, Head of Compliance at YAX. “We chose Solidus Labs because of their deep understanding of crypto market behaviors and their proven ability to detect risks across both onchain and offchain environments. Their behavioral-based monitoring provides the level of sophistication necessary to identify complex fraud patterns and safeguard our users in Hong Kong’s regulated digital-asset ecosystem.”
The move underscores YAX’s proactive approach to compliance in an evolving regulatory environment. As the HKSFC sharpens its focus on anti-money laundering (AML) and counter-financing of terrorism (CFT) standards for VATPs, firms like YAX are taking decisive steps to ensure that compliance is deeply embedded into every layer of their operations.
Seamless Oversight Across Onchain and Offchain Environments
Solidus HALO is purpose-built to bridge the gap between traditional financial compliance tools and the unique characteristics of blockchain transactions. Unlike conventional monitoring systems that rely on static rule-based triggers, HALO uses behavioral analytics to model transaction flows and detect subtle deviations indicative of suspicious activity.
This allows YAX’s compliance teams to conduct comprehensive analyses of both crypto and fiat transaction flows, ensuring unified oversight of users’ financial activity regardless of where it originates. The platform’s ability to synthesize risk signals from multiple sources — including onchain transaction data, offchain exchange activity, and customer behavior patterns — enables investigators to respond to threats with greater accuracy and speed.
“Solidus Labs’ platform delivers seamless onchain and offchain behavioural detection, enabling unified oversight of crypto-fiat flows and sophisticated fraud schemes specific to digital-asset markets,” said Justin Lin, Director of Customer Success, APAC at Solidus Labs. “Our collaboration with YAX, backed by Tiger Brokers, reflects the important shift toward crypto-native transaction monitoring that meets the HK SFC’s expectations for licensed VATPs.”
Future-Proofing Compliance for a Rapidly Evolving Market
As digital-asset markets continue to evolve, so too do the typologies of illicit activity. YAX’s adoption of Solidus HALO is part of a broader strategy to future-proof its compliance program, ensuring it remains resilient in the face of emerging crypto-specific risks. The system’s adaptive learning capabilities allow it to evolve alongside the market, refining its models as new threats are identified.
Solidus HALO empowers compliance teams to analyze suspicious crypto and crypto–fiat transactions for potential money laundering, fraud, and financial crime — all within a single, unified platform. With its intuitive interface and automated detection features, the platform enables YAX to streamline workflows, reduce manual effort, and maintain comprehensive compliance oversight in real time.
By integrating advanced crypto-native monitoring technology, YAX reinforces its commitment to operating responsibly within Hong Kong’s regulated digital-asset ecosystem. This partnership not only strengthens the company’s defenses against financial crime but also enhances user protection and trust — key pillars for sustainable growth in the virtual asset space.
