The Hong Kong Securities and Futures Commission has included Victory Fintech in its list of licensed entities, marking the first addition of a virtual asset trading platform since June last year

BlockBeats News, February 17th, the Securities and Futures Commission of Hong Kong announced that Victory Fintech Company Limited has been included in its list of licensed virtual asset trading platforms. Currently, the official website shows that the number of licensed crypto and blockchain-related institutions has increased to 12. This is also the first addition to the crypto exchange platform license since the approval of Hong Kong BGE in June 2025.

Since June 2024, the Hong Kong authorities have defined the operation of unlicensed virtual asset trading platforms as a criminal offense, leading to the exit of many exchanges from the Hong Kong market, with OKX, Bybit, among others, also withdrawing their license applications.

In addition, Christopher Hui, the Secretary for Financial Services and the Treasury of Hong Kong, previously stated that the regulatory body plans to submit a legislative proposal regarding cryptocurrency asset service providers in 2026. Although 12 companies have been licensed by the SFC, the Hong Kong Monetary Authority has not yet listed any licensed stablecoin issuers.

It is worth noting that the SFC recently issued guidance allowing licensed brokers to provide virtual asset margin financing services, initially accepting Bitcoin (BTC) and Ethereum (ETH) as collateral. At the same time, the regulatory body also released a framework allowing exchanges to offer perpetual contract trading to professional investors.