Hong Kong Grants VDX Virtual Asset License as Victory Fintech Joins SFC List

• Victory Fintech secures VDX license as Hong Kong adds another regulated crypto venue.
• New approval strengthens the city’s push for a compliant and supervised digital asset market.
• The VDX license aligns Victory Group services with Hong Kong’s expanding oversight framework.

Hong Kong has added another operator to its regulated crypto roster, widening a market it has spent years trying to shape into something predictable and compliant. Victory Fintech Company Limited is the latest to cross the line, securing the VDX Virtual Asset License that brings its trading platform under the Securities and Futures Commission’s supervision.

The update appeared on the SFC’s public register on February 13, confirming the company’s CE Ref: BTF116 status and marking its formal entry into the list of licensed virtual asset trading platforms. The approval folds Victory Fintech into a group that now numbers at least a dozen operators.

With the VDX Virtual Asset License taking effect the same day, the platform can run as a regulated venue inside Hong Kong’s maturing digital asset framework. The move arrives during a period of intensified regulatory refinement, and it gives the firm the legal footing required to operate without uncertainty.

Licensing Under SFO and AMLO

Regulatory clearance spans two pillars. Under the Securities and Futures Ordinance, Victory Fintech is authorized for Type 1 dealing in securities and Type 7 automated trading services. Those two categories form the operational backbone for exchange activity in Hong Kong, allowing a platform to handle client orders and provide system-driven trading functions.

A second approval comes through the Anti-Money Laundering and Counter-Terrorist Financing Ordinance. That license covers the operation of a virtual asset trading platform, an increasingly scrutinized segment as the city works to lock down compliance gaps. Combined, the permissions bring the VDX Virtual Asset License into full force and place the company squarely inside the SFC’s supervisory structure.

Notably, the regulator’s licensing regime is not known for its leniency. Platforms must demonstrate cybersecurity readiness, AML safeguards, operational resilience, and decision-making governance before any approval is issued. Besides, the public register remains the SFC’s primary signal to investors regarding who is authorized and who is still waiting in the queue.

Expanding the Regulated Market

On a broader scale, the addition of Victory Fintech widens a field already anchored by names such as OSL Digital Securities Limited and Hash Blockchain Limited. More recent entrants, PantherTrade, YAX (Hong Kong) Limited, and Bullish HK Markets Limited, have also joined the list as the city pivots toward a fully supervised crypto environment.

Essentially, Hong Kong built its virtual asset rules to offer clearer protections than offshore venues, and regulators continue to emphasize that firms on the applicants list have not yet met the required thresholds. The VDX Virtual Asset License now positions Victory Fintech among operators that can serve both local and institutional participants without regulatory ambiguity.

Integration Within the Victory Group

The license also has implications beyond the exchange. Victory Securities, an affiliate within the wider Victory Financial Group, already holds approvals to provide virtual asset-linked services, including discretionary account management.

The new authorization, on the other hand, allows Victory Fintech to fold its trading operations into that ecosystem, giving the group a broader, regulated toolkit that spans execution, wealth management, and structured offerings.

Related: Amberdata Report Correlates WLFI Plunge With BTC Collapse

Competitive and Policy Landscape

Hong Kong’s regulatory push is partly driven by its rivalry with other financial hubs. Authorities have loosened certain trading-related rules, including allowing licensed platforms to share order book data with affiliated overseas venues.

These adjustments are meant to support liquidity and attract global order flow. The SFC’s ASPIRe Roadmap has also opened pathways for financing products and expanded professional-investor options in the digital asset space.

With Victory Fintech now fully licensed, the city’s regulated market reflects an industry moving toward structure rather than experimentation, aiming to balance innovation with a firmer compliance spine.