The Hong Kong Securities and Futures Fee (SFC) has added one other firm to its checklist of formally licensed crypto buying and selling platforms, based on an announcement on Friday.
The SFC’s checklist of approved digital asset buying and selling platforms contains Victory Fintech Firm Restricted, the newest of 12 digital forex and blockchain entities listed on the Hong Kong regulator’s web site. The addition of Victory marks the primary time the SFC has accredited a crypto buying and selling platform in Hong Kong since June 2025.
sauce: Hong Kong SFC
Hong Kong has lengthy been often known as a very powerful jurisdiction for cryptocurrency corporations to function, however authorities have been pursuing unlicensed digital asset buying and selling platforms as a prison offense since June 2024. Numerous exchanges that beforehand operated in Hong Kong have closed, and exchanges comparable to OKX and Bybit have additionally withdrawn their license purposes.
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Hong Kong Monetary Companies and Treasury Secretary Christopher Hui mentioned in January that regulators, together with the SFC, will submit draft laws for suppliers of crypto advisory companies in 2026. Greater than a dozen corporations are at the moment licensed beneath the SFC, however the Hong Kong Financial Authority has not listed any licensed stablecoin issuers as of Monday.
Hong Kong permits licensed corporations to interact in crypto margin lending and perpetual buying and selling
The addition of Victory Fintech comes simply days after Hong Kong’s SFC introduced it will enable licensed brokers to supply crypto margin loans. Securities regulator steerage solely permits Bitcoin ($BTC) and Ether (ETH) will initially qualify as collateral.
The SFC additionally outlined a framework for a buying and selling platform that gives perpetual contracts to skilled buyers.
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