🚀 Ant Group's Acquisition of Hong Kong Brokerages Advances Amid Speculation
#AntGroup #HongKong #Brokerages #Acquisition #Speculation #VirtualAsset #VirtualAssetLicense #LicenseUpgrade #BidderAndTarget #XuYibin #YeMaolin #BlockBeats
According to BlockBeats, Hong Kong-listed brokerage Chairman Ye Maolin plans to sell his entire 50.55% stake to Ant Group. The company's CEO, Xu Yibin, confirmed that the transaction is proceeding as planned, with monthly updates to be disclosed as required. Despite various market rumors, Xu emphasized that official announcements should be considered the definitive source of information.
Additionally, there is speculation that Ant Group's acquisition of the brokerage is aimed at obtaining a virtual asset trading platform license. Xu clarified that the company currently maintains a bidder and target relationship with Ant Group. He noted that they are closely monitoring market developments and will conduct further research to assess whether to upgrade their existing license to a virtual asset license.#AntGroup #HongKong #Brokerages #Acquisition #Speculation #VirtualAsset #VirtualAssetLicense #LicenseUpgrade #BidderAndTarget #XuYibin #YeMaolin #BlockBeats
🚀 Hong Kong's Derlin Holdings Subsidiary Gains Approval for Virtual Asset Advisory Services
#HongKong #DerlinHoldings #VirtualAssetAdvisory #SecuritiesAndFuturesCommission #Type4License #ProfessionalInvestors #Tokenization #VirtualAssetTrading #DerlinSecurities #SFC #LicenseUpgrade
According to ChainCatcher, Hong Kong-listed Derlin Holdings announced that its subsidiary, Derlin Securities (Hong Kong) Limited, received conditional approval from the Hong Kong Securities and Futures Commission (SFC) on January 15 to offer virtual asset advisory services. This approval allows the company to upgrade its existing Type 4 license, which permits advising on securities.
Under the conditions of the approval, Derlin Securities can only provide these advisory services to professional investors who are existing clients of its Type 4 business. Additionally, Derlin Securities had previously been approved to upgrade its Type 1 license for dealing in securities.
Derlin Holdings stated that it expects to officially launch virtual asset trading services in February, following the completion of system integration and testing with SFC-licensed platforms. This license upgrade is intended to support the group's strategic focus on the tokenization of virtual and real-world assets.#HongKong #DerlinHoldings #VirtualAssetAdvisory #SecuritiesAndFuturesCommission #Type4License #ProfessionalInvestors #Tokenization #VirtualAssetTrading #DerlinSecurities #SFC #LicenseUpgrade
🚀 Alchemy Pay and HTF Securities Collaborate on License Upgrade
#AlchemyPay #HTFSecurities #cryptocurrency #payment #HongKongSFC #virtualassets #licenseupgrade #Type4License #Type1License #Type9License #ACH
Alchemy Pay, a cryptocurrency payment company, has partnered with HTF Securities Limited, a licensed entity under the Hong Kong Securities and Futures Commission (SFC), to complete an upgrade of the SFC's Type 4 license for virtual assets. According to Foresight News, this development builds on Alchemy Pay's previous strategic investment in HTF Securities. The two companies will also collaborate on applications for upgrading the virtual asset business under Type 1 and Type 9 licenses.#AlchemyPay #HTFSecurities #cryptocurrency #payment #HongKongSFC #virtualassets #licenseupgrade #Type4License #Type1License #Type9License #ACH
🚀 Alchemy Pay's Hong Kong Investment Receives SFC Approval for Virtual Asset Trading
#AlchemyPay #HongKong #SFC #VirtualAssets #CryptoTrading #Blockchain #Stablecoin #Investment #Fintech #LicenseUpgrade #ACH
Alchemy Pay has announced that its strategic investment in Hong Kong, HTF Securities Limited, has received approval from the Hong Kong Securities and Futures Commission (SFC) to upgrade its Type 1 (securities trading) license to include virtual asset trading services. According to Foresight News, this upgrade will cater to both professional and retail investors.
Previously, both parties had successfully completed the upgrade of their Type 4 license for virtual assets and are currently working on the application for a Type 9 license upgrade. Additionally, Alchemy Pay's stablecoin payment blockchain, Alchemy Chain, launched its testnet in March this year, with over 150,000 test addresses since its inception.#AlchemyPay #HongKong #SFC #VirtualAssets #CryptoTrading #Blockchain #Stablecoin #Investment #Fintech #LicenseUpgrade #ACH