Hong Kong Investment Firm Victory Securities Obtains Retail Crypto Trading License

The publicly traded company joins crypto-native firms HashKey Exchange and OSL Digital Securities with a license.

AccessTimeIconNov 24, 2023 at 12:31 p.m. UTC
Updated Mar 8, 2024 at 5:35 p.m. UTC

Hong Kong investment firm Victory Securities (8540) has won approval from the Securities and Futures Commission (SFC) to offer crypto services to retail clients.

In an announcement on Friday, Victory Securities said it is the first licensed corporation to offer a crypto trading and advisory service to retail investors. It joins crypto-native firms HashKey Exchange and OSL Digital Securities.

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  • Hong Kong introduced a regulatory regime permitting the offering of crypto services to retail investors earlier this year, in a sign of the cryptocurrency market shifting eastward as Asian jurisdictions offer greater clarity to companies than they may find elsewhere, such as in the U.S.

    The SFC's list of virtual asset trading firms currently has Victory as an applicant. CoinDesk reached out to the SFC for clarity, but had not received a response by press time.

    Edited by Sheldon Reback.

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    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.