Hong Kong’s Securities and Futures Commission (SFC) has officially approved Victory Fintech Company Limited, operating under the brand VDX, to launch a new virtual asset trading platform. This marks the first new platform license granted by the SFC since 2025, increasing the total number of authorized virtual asset trading platforms in Hong Kong to 12. Victory Fintech, a subsidiary of Victory Securities listed on the Hong Kong Stock Exchange under stock code 8540, has been authorized to conduct regulated activities under Type 1 (dealing in securities) and Type 7 (automated trading services). Additionally, its affiliate, VDX Custody Limited, has received approval to provide digital asset custody services in compliance with anti-money laundering and counter-terrorism financing regulations. Hong Kong has adopted a stringent regulatory framework in recent years to protect investors and prevent illicit financial activities in the virtual asset market. The SFC’s latest approval reflects the city’s commitment to further regulate and secure virtual currency and digital asset trading. Going forward, the services offered by Victory Fintech and VDX Custody Limited are expected to enhance ease and transparency for users engaging in virtual asset trading and custody, fostering greater competition and potentially strengthening Hong Kong’s cryptocurrency sector overall.
Source: binance
