Victory Securities - The first licensed corporation in Hong Kong approved by the Securities and Futures Commission (SFC) to provide virtual asset trading and advisory services to retail investors
24 Nov, 2023

With a legacy of 50 years deeply rooted in Hong Kong, Victory Securities (Stock Code: 8540.HK) has made significant progress in the virtual asset industry, becoming the first licensed corporation approved by the Securities and Futures Commission (SFC) to offer virtual asset trading and advisory services to retail investors. This achievement not only marks a crucial milestone for Victory Securities but also opens up new opportunities for the growth of Hong Kong's virtual asset trading ecosystem. It demonstrates our commitment to integrate virtual assets into the traditional financial system and empowers retail investors to gain access to one of the fastest-growing asset classes in a compliant and secure framework. It also underscores Hong Kong's determination to become a global hub for virtual assets.

Mr. Kennix Chan, Executive Director of Victory Securities, stated, "We are delighted to once again receive recognition from the SFC, making us the “first” again. Our numerous achievements in the virtual asset sector this year have allowed us to take an early lead and accumulate expertise in this industry. Being the “first” again also enables us to expand the range of compliant investment choices available to investors. According to our data, on a quarter-on-quarter basis, our virtual asset trading volume and new client acquisition during the third quarter increased more than twofold, indicating a keen demand for virtual asset trading services from investors. To encourage new customers to engage in compliant and secure virtual asset trading services, we will soon be introducing a comprehensive range of incentive programs. We will also launch the “Buy Coins, Buy Stocks, Just As Simple” program, which will allow clients to enjoy an integrated trading experience of securities and virtual assets on our unique trading platform.”

Victory Securities aims to bridge the gap between traditional finance and virtual assets, providing customers with flexible and convenient options to manage their portfolio. The company also offers general investors investment advice on virtual assets, along with the publication of relevant research reports. To contribute to investor education, Victory Securities will enhance awareness and understanding of virtual assets among investors and actively promote the popularization of virtual asset investment. The company aims to  work hand in hand with regulatory agencies to jointly establish Hong Kong as a stable, safe and sustainable virtual asset trading center.

 

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Note

1. In 2023, Victory Securities blazed the trail by becoming the first and only licensed financial corporation in Hong Kong to simultaneously obtain licenses for virtual asset trading, advisory, and asset management services from the SFC. In the same year, the company launched Hong Kong's first virtual asset research report conference and introduced the first compliant virtual asset trading application designed for professional investors (APP: Victory Securities / 勝利證券).

2. In November 2023, Victory Securities became the first licensed corporation in Hong Kong to receive approval from the SFC to provide virtual asset trading and advisory services to retail investors.