The Hong Kong Securities and Futures Fee (SFC) has added one other firm to its checklist of formally licensed crypto buying and selling platforms, in line with an announcement on Friday.
The SFC's checklist of approved digital asset buying and selling platforms consists of Victory Fintech Firm Restricted, the most recent of 12 digital foreign money and blockchain entities listed on the Hong Kong regulator's web site. The addition of Victory marks the primary time the SFC has authorized a crypto buying and selling platform in Hong Kong since June 2025.
sauce: Hong Kong SFC
Hong Kong has lengthy been referred to as a very powerful jurisdiction for cryptocurrency corporations to function, however authorities have been pursuing unlicensed digital asset buying and selling platforms as a legal offense since June 2024. A lot of exchanges that beforehand operated in Hong Kong have closed, and exchanges akin to OKX and Bybit have additionally withdrawn their license functions.
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Hong Kong Monetary Companies and Treasury Secretary Christopher Hui stated in January that regulators, together with the SFC, will submit draft laws for suppliers of crypto advisory companies in 2026. Greater than a dozen corporations are presently licensed below the SFC, however the Hong Kong Financial Authority has not listed any licensed stablecoin issuers as of Monday.
Hong Kong permits licensed corporations to have interaction in crypto margin lending and perpetual buying and selling
The addition of Victory Fintech comes simply days after Hong Kong's SFC introduced it could permit licensed brokers to supply crypto margin loans. Securities regulator steering solely permits Bitcoin ($BTC) and Ether (ETH) will initially qualify as collateral.
The SFC additionally outlined a framework for a buying and selling platform that provides perpetual contracts to skilled traders.
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