ME News reports that on September 10 (UTC+8), companies under Kun KUN received provisional approval from the Securities and Futures Commission (SFC) of Hong Kong for regulated activities under Type 1 (dealing in securities), Type 4 (advising on securities), and Type 9 (asset management). The Type 1 and Type 4 approvals cover virtual asset-related business and retail client services, while Type 9 covers general asset management.
This is the first time Kun KUN has applied for the aforementioned regulated activities, and it has obtained preliminary approvals for Classes 1, 4, and 9 all at once; the scopes of Classes 1 and 4 simultaneously cover virtual asset-related businesses and retail client services. The SFC imposes strict requirements on applicants regarding professional competence, corporate governance, internal controls, and risk management. Obtaining preliminary approvals for multiple regulated activity scopes in a single initial application represents a significant milestone in Kun KUN’s compliance strategy in Hong Kong.
KUN currently operates in cross-border digital payments, on-chain finance, corporate card issuance, and AI-powered payment agents. This regulatory development provides a clearer compliance foundation for the group’s next phase of digital finance expansion. Subject to obtaining the required formal licenses and meeting relevant regulatory requirements, the group will explore product and service opportunities in areas such as virtual asset services, corporate digital asset treasury management, asset and wealth management, supply chain finance, and asset tokenization.
In Hong Kong, the group’s related entities hold licenses and registrations including MSO, TCSP, registration as a trust company under Hong Kong Cap. 29 Trustee Ordinance, and a Money Lenders Licence. Outside Hong Kong, KUN has established corresponding compliance foundations in the United States, Canada, and Europe, including资质 such as U.S. MSB, Canadian MSB, and Polish VASP, and continues to advance compliance efforts in Singapore, the Middle East, and other key markets.
About KUN
KUN is an innovative technology group centered on digital payments and embedded financial services, built on a global licensing and compliance risk management framework that connects emerging markets in Asia, Africa, Latin America, the Middle East, and beyond. Positioned as a trusted industry expert in digital payments, the group’s business spans four key areas: cross-border digital payments, on-chain finance, enterprise card issuance, and AI-powered payment agents. By deeply integrating artificial intelligence and blockchain technologies, KUN delivers secure, compliant, and efficient end-to-end digital payment and transaction solutions for use cases including commodities trading, general trade, B2B cross-border e-commerce, service trade, Web3 ecosystems, and AI applications—powering the global expansion of enterprises.
Learn more → www.kun.global(Source: Kun KUN)
