Hong Kong SFC Approves Victory Fintech’s Trading License

The Securities and Futures Commission (SFC) of Hong Kong has approved Victory Fintech Company Limited, operating under the brand VDX, to run a virtual asset trading platform. This marks the first new platform license issued by the SFC since June 2025, increasing the total number of licensed platforms to 12. Victory Fintech, a subsidiary of the Hong Kong-listed Shengli Securities, is authorized for Type 1 (dealing in securities) and Type 7 (providing automated trading services) regulated activities.

Additionally, VDX Custody Limited, an affiliated entity, has received approval under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance to offer digital asset custody services. This development underscores Hong Kong’s ongoing efforts to regulate and expand its virtual asset trading landscape.