Odaily Planet Daily reports: According to updated information on the official website of the Securities and Futures Commission of Hong Kong, a virtual asset trading platform license has been issued to VDX, a digital asset trading platform under Victory Fintech Company Limited. The entity is now authorized to conduct regulated activities under Type 1 (dealing in securities) and Type 7 (providing automated trading services). Additionally, VDX Custody Limited has been licensed under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance to provide digital asset custody services. To date, the number of licensed virtual asset trading platforms in Hong Kong has reached 12.
HK SFC Grants Virtual Asset Trading License to VDX by Victory Fintech
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Summary
The Hong Kong SFC has issued a virtual asset trading license to VDX, a platform under Victory Fintech. The license covers Class 1 (Securities Trading) and Class 7 (Automated Trading Services). VDX Custody Limited, its subsidiary, is also licensed under the AML Ordinance for digital asset custody. This move aligns with Hong Kong’s ongoing efforts in digital asset regulation. The city now has 12 licensed virtual asset trading platforms. Crypto asset classification remains a key focus for regulators.
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