🚀 Victory Securities Launches First Web3 Multi-Strategy Fund in Hong Kong
#VictorySecurities #Web3 #MultiStrategyFund #HongKong #Stablecoins #VirtualAssets #SFC #Investment #FinancialSector #RegulatoryFramework
According to Odaily, Victory Securities has successfully navigated regulatory inquiries with the Hong Kong Securities and Futures Commission (SFC) and, as of October 10, 2024, is authorized to launch and manage the Victory VSG Virtual Asset Multi-Strategy Fund. This fund will allow investors to subscribe using stablecoins. This marks the first Web3 multi-strategy compliant fund initiated by an SFC-licensed virtual asset investment organizer since the SFC implemented its regulatory framework for virtual asset investment companies in 2018.
Victory Securities will collaborate with Virtual Seed Asset Management (Hong Kong) Limited (VSG), which will serve as the investment advisor for the fund. The partnership aims to leverage VSG's expertise in virtual asset management to ensure the fund's success. The fund's approval and launch signify a significant milestone in the regulatory landscape for virtual assets in Hong Kong, reflecting the growing acceptance and integration of digital assets within the financial sector.#VictorySecurities #Web3 #MultiStrategyFund #HongKong #Stablecoins #VirtualAssets #SFC #Investment #FinancialSector #RegulatoryFramework
🚀 Victory Securities Secures Key Approvals for Virtual Asset Services in Hong Kong
#VictorySecurities #VirtualAssets #HongKong #SFC #DiscretionaryAccountManagement #RetailInvestors #ProfessionalInvestors #SpotVirtualAssets #VirtualAssetFutures #VirtualAssetOptions #StructuredProducts
According to PANews, Victory Securities has announced the acquisition of two significant approvals from the Hong Kong Securities and Futures Commission (SFC) to offer virtual asset-related products and services. The company is now authorized to provide discretionary account management services for virtual assets to both retail and professional investors. This includes investments in spot virtual assets, virtual asset futures, and virtual asset options, adhering to the SFC's suitability requirements. Additionally, Victory Securities has received approval to distribute structured virtual asset products, which involve physical subscription and settlement, exclusively to professional investors.#VictorySecurities #VirtualAssets #HongKong #SFC #DiscretionaryAccountManagement #RetailInvestors #ProfessionalInvestors #SpotVirtualAssets #VirtualAssetFutures #VirtualAssetOptions #StructuredProducts
🚀 Hong Kong Brokerages Advance in Virtual Asset Licensing
#HongKong #Brokerages #VirtualAssets #Cryptocurrency #Licensing #VictorySecurities #EddieSecurities #Type1License #StockMarket #Finance
According to BlockBeats, Hong Kong's Victory Securities (08540.HK) saw a significant increase in its stock price, rising over 130% to a current quote of 8.6 HKD.
Industry insiders involved in virtual asset license applications and system integrations have disclosed that several local brokerages, including Victory Securities and Eddie Securities, have completed their Type 1 license upgrades. This development suggests that these brokerages may soon be authorized to offer cryptocurrency and other virtual asset trading services, similar to Guotai Junan International.#HongKong #Brokerages #VirtualAssets #Cryptocurrency #Licensing #VictorySecurities #EddieSecurities #Type1License #StockMarket #Finance
🚀 Hong Kong Victory Securities Suspends Crypto Trading for Mainland China Users
#HongKong #VictorySecurities #CryptoTrading #MainlandChina #Cryptocurrency #Regulations #SecuritiesAndFuturesCommission #NS3AI #Withdrawals #ChinaPolicies #NonMainlandResidents
Hong Kong Victory Securities has announced the suspension of cryptocurrency trading functions for users with Mainland China identities, effective February 9, 2026. According to NS3.AI, this decision allows only withdrawals for affected users and follows previous restrictions such as buying bans and address verification pauses. These measures are in compliance with regulations set by the Hong Kong Securities and Futures Commission and policies from Mainland China. Meanwhile, non-Mainland tax residents can continue to trade cryptocurrencies normally on the platform.#HongKong #VictorySecurities #CryptoTrading #MainlandChina #Cryptocurrency #Regulations #SecuritiesAndFuturesCommission #NS3AI #Withdrawals #ChinaPolicies #NonMainlandResidents