HONG KONG SAR – Media OutReach – November 24, 2023 – Victory Securities (stock code: 8540.HK), with over 50 years of history in financial services in Hong Kong, has made significant progress in the virtual assets sector. It has obtained approval from the Securities and Futures Commission (“SFC”) to provide virtual asset (“VA”) services to retail clients in Hong Kong. Additionally, it is set to become the first SFC-licensed company to provide virtual asset trading and advisory services to retail investors.
Last year, Victory Securities became the first licensed company in Hong Kong to provide a full range of virtual asset trading and advisory services to professional investors.
This latest achievement not only illustrates Victory Securities’ commitment to being at the forefront of providing regulated VA services to investors in Hong Kong, but also demonstrates our commitment to integrating virtual assets into the traditional financial system. Additionally, it allows retail investors to participate in one of the fastest growing asset classes in a compliant and secure framework.
Mr. Kennix Chan, Executive Director of Victory Securities, said: “We are delighted to be ‘first’ again. Our many achievements in the virtual assets sector this year have allowed us to quickly take the lead. Being “first” again allows us to leverage our experience and expand the range of compliant investment choices available to investors. According to our data, on a quarterly basis, we see significant growth in virtual asset transaction volume and new customer acquisitions during the third quarter. quarter, with a multiplication by more than two. To encourage more new customers to engage in compliant and secure virtual asset trading services, we will soon launch a full range of attractive incentive programs. At the same time, we will introduce the “Achieve Stock Victory” program and Virtual Assets App, which allows clients to enjoy an integrated trading experience of stocks and virtual assets on our unique trading platform.
Victory Securities website:
https://www.victorysec.com.hk/en
Remarks:
- In 2023, Victory Securities became the first licensed company to be granted by the SFC the provision of the full range of virtual asset trading, advisory and asset management services. In addition, we released the first professional virtual asset research report in Hong Kong and launched the first compliant virtual asset trading application (APP：Victory Securities) for professional investors in 2023.
- Victory Securities has expanded its virtual asset trading services to retail investors, becoming the first licensed company approved by the SFC to offer virtual asset trading and advisory services to retail investors in November 2023.
Hashtag: #VictorySecurities
The issuer is solely responsible for the content of this announcement.
