Securities and Futures Commission has added Victory Fintech Company Limited to its list of licensed virtual asset trading platforms, marking the first new crypto approval since June 2025.
Victory Fintech becomes the 12th licensed cryptocurrency and blockchain entity on the regulator’s official register, reinforcing Hong Kong’s tightly controlled digital asset framework.
The approval follows a period of intensified enforcement, after authorities criminalised unlicensed virtual asset trading platforms in June 2024, prompting several exchanges to shut down or withdraw licensing applications.
In January, Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, said regulators were preparing a draft ordinance for crypto advisory service providers, expected to be submitted in 2026.
The city’s Hong Kong Monetary Authority currently lists no licensed stablecoin issuers, highlighting continued caution in certain segments of the market.
Separately, the SFC recently confirmed that licensed brokers may provide virtual asset margin financing, with Bitcoin and Ethereum initially eligible as collateral.
The regulator has also outlined a framework allowing trading platforms to offer perpetual contracts to professional investors, signalling gradual expansion of Hong Kong’s regulated crypto derivatives market.
At the time of reporting, Bitcoin price was $68,766.93.