Victory Fintech receives regulatory approval from Hong Kong's Securities and Futures Commission
Victory Fintech marks the first cryptocurrency platform to receive licensing approval from Hong Kong's Securities and Futures Commission following the June 2025 authorization of Hong Kong BGE.
The Securities and Futures Commission (SFC) in Hong Kong has expanded its roster of officially licensed cryptocurrency trading platforms with another company, as disclosed in an announcement released on Friday.
Victory Fintech Company Limited now appears on the SFC's registry of licensed virtual asset trading platforms, bringing the total number of cryptocurrency and blockchain organizations listed on the Hong Kong regulator's official website to 12. This inclusion of Victory represents the first instance of the SFC granting approval to a crypto trading platform in Hong Kong since June 2025.
Despite Hong Kong's longstanding reputation as an especially stringent jurisdiction for cryptocurrency businesses to establish operations within, regulatory authorities have treated the operation of unlicensed virtual asset trading platforms as a criminal matter since June 2024. Numerous exchanges that had been conducting business in Hong Kong ceased operations, while major platforms such as OKX and Bybit opted to retract their licensing submissions.
During January, Christopher Hui, Hong Kong's Secretary for Financial Services and the Treasury, announced that regulatory bodies, including the SFC, were preparing to introduce a draft ordinance targeting providers who offer crypto advisory services at some point during 2026. Despite the fact that a dozen firms have now obtained licensing through the SFC, the Monetary Authority of Hong Kong had not listed any licensed stablecoin issuers as of Monday.
HK allows licensed companies to engage in crypto margin financing, perpetual trading
Victory Fintech's inclusion on the approved list occurred merely days following the SFC's announcement in Hong Kong that it would permit licensed brokers to offer virtual asset margin financing services. The securities regulator's directive specifies that only Bitcoin (BTC) and Ether (ETH) will qualify as acceptable collateral, at least in the initial phase.
Additionally, the SFC established a comprehensive framework enabling trading platforms to provide perpetual contracts to professional investors.