According to Crowdfund Insider, the Securities and Futures Commission (SFC) of Hong Kong has officially approved Victory Fintech Company Limited (brand: VDX) to operate a virtual asset trading platform. This is the first new platform license granted by the SFC since June 2025, bringing the total number of licensed virtual asset trading platforms to 12. Victory Fintech is a subsidiary of Shengli Securities, a Hong Kong-listed company (stock code: 8540), and has been licensed to carry out regulated activities of Type 1 (dealing in securities) and Type 7 (providing automated trading services). Its affiliated entity, VDX Custody Limited, has also been approved under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance to provide digital asset custody services.
HK SFC Approves Victory Fintech's Virtual Asset Trading License
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Summary
The Hong Kong SFC has approved Victory Fintech to operate a virtual asset trading platform under the crypto asset classification rules. This is the first new license since June 2025, bringing the total to 12. Victory Fintech, a subsidiary of Shengli Securities (8540), is licensed for Class 1 and Class 7 activities. VDX Custody Limited has also received approval for custody services under digital asset regulations and AML standards.
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