Victory Securities, a venerable Hong Kong-based securities company with a 50-year legacy, has been granted approval by the Hong Kong Securities and Futures Commission (SFC) to extend virtual asset trading and consulting services to retail investors. It marks the first instance in Hong Kong’s financial history where a traditional securities company has been authorized to open the doors of cryptocurrency trading to retail clients.
As revealed in the official press statement, Victory Securities has become the inaugural licensed corporation to provide crypto asset trading and advisory services to retail investors. This will not only signify a pivotal milestone for the company but also usher in fresh possibilities for the evolution of Hong Kong’s virtual asset trading ecosystem.
Mr. Chen Peiquan, Executive Director of Victory Securities, expressed his satisfaction, noting, “We are very pleased to be recognized by the China Securities Regulatory Commission again, making Victory once again the ‘first.'” He highlighted the company’s commitment to utilizing its extensive business experience to expand investor choices in compliant investments.
Crypto Investment Options: Discounts & Innovative Trading Solutions
Victory Securities aims to bridge the gap between traditional finance and virtual assets, providing customers with flexible and convenient asset allocation options. The company plans to offer general investors investment advice on virtual assets, along with the publication of relevant research reports.
To bolster investor education, Victory Securities plans to enhance understanding of virtual assets, actively promote the popularization of virtual asset investment, and collaborate with regulatory agencies to establish Hong Kong as a stable, safe, and sustainable virtual asset trading center.
The company’s data reveals a significant uptick in virtual asset transactions and new customer registrations in the third quarter of this year, indicating a robust demand for virtual asset trading services.
In response, Victory Securities plans to launch various discounts and introduce the “Buy stocks and coins, just as easy” solution, allowing customers to seamlessly experience virtual assets and securities services through their unique trading platform.
This year, Victory Securities achieved several notable milestones, becoming the first and only licensed financial group in Hong Kong to simultaneously acquire virtual asset trading, consulting, and asset management service licenses from the Securities and Futures Commission. However, with the recent approval for retail investors, Victory Securities is poised to continue its trailblazing journey in the virtual asset landscape.
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