The addition is the first crypto company to be licensed by the Securities and Futures Commission since June 2025, when the regulator approved Hong Kong BGE.
The Securities and Futures Commission (SFC) of Hong Kong announced on Friday that it had added another company to its list of officially permitted cryptocurrency trading platforms.
Victory Fintech added to approved crypto platforms list
Victory Fintech Company Limited is the newest addition to the SFC’s list of permitted virtual asset trading platforms. There are now 12 cryptocurrency and blockchain companies on the website of the Hong Kong regulator. Victory’s accession was the first time since June 2025 that the SFC had given the green light to a crypto trading platform in Hong Kong.
Hong Kong has been renowned for a long time as a very rigorous place for crypto businesses to do business. Since June 2024, however, the government has been going after unlicensed virtual asset trading websites as a crime. A lot of exchanges that used to work in Hong Kong closed down, and others, including OKX and Bybit, pulled their applications for licenses.
Source: Hong Kong SFC
Policy expansion under financial services leadership
Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, indicated in January that authorities, including those at the SFC, were planning to propose a draft ordinance enabling crypto advising service providers in 2026. The SFC licenses a dozen organisations, but as of Monday, Hong Kong’s Monetary Authority had not mentioned any licensed stablecoin issuers.
Hong Kong lets licensed businesses do crypto margin lending and trading that never ends. Victory Fintech joined the group a few days after Hong Kong’s SFC declared that licensed brokers will be able to offer virtual asset margin lending. The securities regulator’s rules only let Bitcoin (BTC$68,225) and Ether (ETH$1,983) be used as collateral at first. The SFC also gave trading platforms a set of rules on how to offer professional investors perpetual contracts.