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.

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.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.