Victory Securities becomes the first brokerage firm in Hong Kong to be approved to distribute virtual asset structured products

Victory Securities, a leading virtual asset brokerage in Hong Kong, announced that it will launch two innovative products and services to further consolidate its leading position in the industry. Victory Securities plans to start promoting virtual asset structured products to qualified professional investors by the end of this year, and provide designated products and services to customers who hold stablecoins through Victory Securities' platform to help customers earn additional income.

Victory Securities announced that it has been approved by the Securities and Futures Commission to sell cash-settled virtual asset structured products to qualified professional investors, making it the first licensed brokerage in Hong Kong to be approved. Such products use virtual assets as reference assets to help customers obtain higher potential returns, manage market volatility risks, achieve arbitrage and other investment goals in specific market conditions.

In addition, Victory Securities customers can now subscribe to money market funds through its mobile application VictoryX. In the future, Victory will further help qualified customers holding stablecoins earn relatively stable additional income through designated products and services. The above two products and services are expected to be launched in the market before the end of this year.

Shenzhen Securities Executive Director Chen Peiquan said: "There is a lack of strategic investment product options in the current regulated virtual currency investment market. The approval of Victory Securities to distribute virtual asset structured products marks an important step forward for Hong Kong in building a more comprehensive virtual asset ecosystem. As a pioneer in Hong Kong's virtual asset industry, Victory Securities will continue to strive to launch unique and innovative investment products to help customers allocate diversified assets and capture profit opportunities in different market conditions."

Victory Securities is the first and only brokerage firm in Hong Kong that is allowed to allow customers to deposit and withdraw cryptocurrencies and stablecoins directly through Victory's platform. With the continuous development of the virtual asset market, Victory Securities has actively promoted industry innovation, and has successively issued new investment tools and strategic investment products, striving to become a bridge between the traditional financial and virtual asset industries, and providing investors with new opportunities in a compliant environment.