Hong Kong’s SFC has listed ADG Platform for suspected unlicensed operations involving tokenized assets and stablecoins, citing potential breaches of local securities laws.
The Hong Kong Securities and Futures Commission (SFC) has added ADG Platform, also known as 格睿德科技有限公司, to its suspicious virtual asset trading platform alert list. The regulator alleges the entity offered tokenized asset and stablecoin trading that may qualify as securities activities under Hong Kong law without obtaining the required license. The action reflects the SFC’s ongoing enforcement to curb unregulated crypto-related services and safeguard investors.