Hong Kong SFC Approves New Virtual Asset Trading Platform

Hong Kong's Securities and Futures Commission (SFC) has officially approved Victory Fintech Company Limited, operating under the brand VDX, to run a virtual asset trading platform. According to ChainCatcher, this marks the first new platform license granted by the SFC since 2025, bringing the total number of licensed virtual asset trading platforms to 12. Victory Fintech is a subsidiary of Victory Securities, a company listed on the Hong Kong Stock Exchange under the stock code 8540. The approval allows Victory Fintech to engage in Type 1 (dealing in securities) and Type 7 (providing automated trading services) regulated activities. Additionally, its affiliated entity, VDX Custody Limited, has received approval under anti-money laundering and counter-terrorism financing regulations to offer digital asset custody services.