Hong Kong's Victory Securities approved to launch Bitcoin and crypto structured products
Victory Securities to introduce virtual asset structured products for professional investors
Victory Securities, a licensed crypto broker in Hong Kong, has announced plans to introduce cash-settled virtual asset structured products exclusively for professional investors by year-end.
With approval from the Securities and Futures Commission (SFC), Victory Securities becomes the first licensed broker in Hong Kong to offer such products, allowing investors to pursue potentially higher returns and manage risks associated with market volatility in the virtual asset space, reports crypto.news.
New Investment Options for Stablecoin Holders
Beyond traditional crypto assets, Victory Securities will offer stablecoin holders an opportunity to earn additional yields through specialized products. Accessible through the VictoryX mobile app, these new options add to the platform’s existing offerings, including money market funds. This marks the first time Victory will provide stablecoin holders with regulated avenues for stable returns, enhancing the investment landscape for digital asset holders in Hong Kong.
Building Hong Kong’s Regulated Virtual Asset Ecosystem
Kennix Chan, Executive Director of Victory Securities, emphasized that this approval signals a significant development for Hong Kong’s growing crypto market. “The regulatory green light for Victory Securities to market virtual asset structured products signifies an important step forward for Hong Kong to build a comprehensive virtual asset ecosystem,” Chan stated. Victory’s offerings are part of Hong Kong’s commitment to fostering a regulated environment for strategic investment products in the virtual asset sector.
Upcoming Regulatory Milestones for Hong Kong’s Crypto Market
This progress aligns with Hong Kong’s broader crypto regulatory efforts. On October 28, SFC Executive Director Eric Yip announced that a finalized list of licensed crypto exchanges would be released by year-end, and a consultation panel is set to support regulatory cooperation as licensed exchanges commence operations by early 2025. Additionally, the Hong Kong Exchanges and Clearing Limited plans to launch a Virtual Asset Index Series on November 15, further underscoring Hong Kong’s dedication to establishing a leading virtual asset ecosystem.
Recently we wrote, that Hong Kong is further strengthening its position as a hub for cryptocurrency regulation, this time with a plan to create a new advisory group for licensed crypto exchanges.
