ChainCatcher news, according to Zhitong Finance, FTFT.US announced today that its wholly-owned Hong Kong subsidiary "FTFT International Securities and Futures Limited" has officially signed a委托 agreement with a well-known compliance consultant in Hong Kong. The agreement entrusts the consultant to apply for a Virtual Asset Service License (VASP) from the Hong Kong Securities and Futures Commission (SFC) based on the company's original holdings of Hong Kong Licenses No. 1, 2, and 4, while also applying for License No. 9 for asset management, with plans to cover both traditional and virtual asset management businesses.

The consultant will conduct a detailed review and assessment of the company's business model, risk management capabilities, and assist the company in preparing relevant application materials and business plans to submit to the Hong Kong Securities and Futures Commission.