Victory Securities, a Hong Kong virtual asset brokerage, has signed a cooperation agreement with Cactus Custody, a Hong Kong licensed trust company under Matrixport. According to the agreement, Cactus Custody will provide institutional-grade virtual asset custody services to Victory Securities.
Additionally, the collaboration provides a compliance threshold supported by regulatory components for KYT and AML instruments for Victory Securities’ products, including the Victory EMC BTC Cycle Fund, a Bitcoin fund that accepts stablecoin subscriptions and which recently received Approved by the Hong Kong Securities and Futures Commission. (PR Newswire)