BlockBeats news: On January 16, Deyling Holdings, a company listed on the Hong Kong Stock Exchange, announced that its subsidiary, Deyling Securities (Hong Kong) Limited, had received conditional approval from the Hong Kong Securities and Futures Commission (SFC) on January 15 to provide virtual asset advisory services. This approval allows Deyling Securities to upgrade its existing Type 4 (advising on securities) regulated activities license. According to the approval conditions, Deyling Securities can only offer this advisory service to professional investors among its existing clients for Type 4 business. Additionally, Deyling Securities has previously been approved to upgrade its Type 1 (securities trading) regulated activities license.
Deyiling Holdings stated that it expects to officially launch virtual asset trading services in February of this year, following the completion of system connectivity and testing with a platform licensed by the China Securities Regulatory Commission (CSRC). This license upgrade will support the group's strategy to expand into the fields of virtual assets and tokenized real-world assets (RWA).