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⛓️ Crypto🟢 BullishImportance 7/10
Alchemy Pay and HTF Securities Obtain SFC Type 1 License Upgrade for Virtual Asset Trading
🤖AI Summary
Alchemy Pay and HTF Securities have successfully obtained SFC Type 1 license upgrades in Hong Kong, enabling them to provide virtual asset dealing services. The companies have completed Type 1 and Type 4 license upgrades while working on Type 9 asset management licensing, with Alchemy Pay planning to launch its own stablecoin and develop the Alchemy Chain.
Key Takeaways
- →Alchemy Pay and HTF Securities secured SFC Type 1 license upgrades for virtual asset dealing in Hong Kong
- →The companies have completed both Type 1 and Type 4 license upgrades with Type 9 asset management still in progress
- →Alchemy Pay plans to launch its own stablecoin as part of its expansion strategy
- →The license upgrades position both companies to operate compliant virtual asset services in Hong Kong's regulated market
- →Alchemy Pay is also developing the Alchemy Chain as part of its blockchain infrastructure initiatives
#alchemy-pay#htf-securities#sfc-license#hong-kong#virtual-assets#regulatory-compliance#stablecoin#blockchain#crypto-trading#licensing
Read Original →via Blockonomi
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