Victory Securities Secures Key Approvals for Virtual Asset Services in Hong Kong

According to PANews, Victory Securities has announced the acquisition of two significant approvals from the Hong Kong Securities and Futures Commission (SFC) to offer virtual asset-related products and services. The company is now authorized to provide discretionary account management services for virtual assets to both retail and professional investors. This includes investments in spot virtual assets, virtual asset futures, and virtual asset options, adhering to the SFC's suitability requirements. Additionally, Victory Securities has received approval to distribute structured virtual asset products, which involve physical subscription and settlement, exclusively to professional investors.