Key Takeaways
Hafu Securities, a subsidiary of Dongfang Caifu, receives approval from Hong Kong’s SFC for virtual asset trading.
The license enables $BTC and $ETH trading via integrated account arrangements.
This move strengthens Hong Kong’s position as a regulated hub for digital assets.
Dongfang Caifu’s subsidiary, Hafu Securities, has officially been granted a virtual asset trading license by the Hong Kong Securities and Futures Commission (SFC). This approval marks a significant milestone for the firm, allowing it to offer regulated trading services for BTC and ETH. The license falls under Hong Kong’s evolving framework for virtual asset service providers, reinforcing the city’s ambition to become a global crypto hub.
Hafu Securities already holds multiple business licenses, including for securities trading, advisory, automated trading, and asset management. With the addition of virtual asset capabilities, the firm is poised to expand its footprint in Asia’s digital finance ecosystem.
Hong Kong’s Regulatory Push Gains Momentum
Hong Kong has been actively promoting its virtual asset industry, with the SFC rolling out a comprehensive licensing regime. The approval of Hafu Securities adds to the growing list of regulated platforms, ensuring investor protection and compliance. The move aligns with Hong Kong’s broader strategy to attract global crypto firms and foster innovation in blockchain technologies.
Dongfang Caifu’s Strategic Leap into Crypto
By securing this license, Dongfang Caifu signals its commitment to the future of digital finance. The firm’s ability to offer BTC and ETH trading under a regulated framework opens doors to institutional clients and retail investors alike. As Hong Kong tightens its grip on crypto oversight, licensed entities like Hafu Securities are set to benefit from increased trust and market access.
