HBGL, a licensed digital asset service provider in Australia and an affiliate in the HTX Group, announced its soft launch, introducing fiat–stablecoin trading services. The milestone marks HBGL’s formal entry into the Australian market with a mission to build a secure, compliant, and efficient bridge between digital assets and traditional finance.
During the soft launch phase, HBGL will offer USDT and USDC to fiat trading pairs, providing retail, institutional, and professional clients with a streamlined pathway to convert between stablecoins and fiat currencies. This phased rollout enables the company to validate core infrastructure, deepen liquidity channels, and support early-stage market activities ahead of 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) compliance framework. The company has implemented rigorous Know-Your-Customer (KYC) procedures, ongoing transaction monitoring, and robust risk management measures, ensuring that all services are secure and meet Australian regulatory standards for digital asset providers.
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Fully supported by the HTX Group, one of the world’s leading digital asset ecosystems, HBGL benefits from institutional grade technological capabilities, liquidity support, and operational expertise. At the same time, HBGL maintains an independent governance and compliance structure tailored specifically to the Australian regulatory environment.
“Our objective is to establish a trustworthy, compliant, and reliable on-and-off-ramp for stablecoin liquidity in Australia,” said a spokesperson for HBGL. “The soft launch phase allows us to test, refine, and scale our service offering in a controlled setting, ensuring that we meet both regulatory expectations and client needs.”
HBGL will initially focus on fiat settlement services, OTC execution, and liquidity sourcing. The company is also preparing to pursue additional Australian financial services licensing to support the expansion of future product offerings.
A targeted marketing rollout will accompany the soft launch, with broader awareness campaigns planned as service capabilities grow.
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