PANews August 11 news, according to Zhitong Finance, comprehensive financial and digital technology service provider FTFT (FTFT.US) today announced that its wholly-owned Hong Kong subsidiary "FTFT International Securities and Futures Limited" has formally signed a委托协议 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 Hong Kong License No. 1, 2, and 4, while also applying for License No. 9 for asset management, planning 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 for submission to the Hong Kong Securities and Futures Commission.
