VDX Secures Hong Kong SFC Licenses – Regulated Platforms Total 12

VDX Secures Hong Kong SFC Licenses – Regulated Platforms Total 12

Hong Kong’s SFC approves Victory Fintech’s platform with expanded rules for BTC and ETH collateral financing and perpetual contracts, marking the first license issuance since June 2025.

BTC
ETH

Fact Check
The official Hong Kong Securities and Futures Commission announcement provides authoritative regulatory context and is highly likely to include direct confirmation of VDX's licensing by the SFC. Multiple independent, albeit lower-authority, cryptocurrency news sources report that VDX received a virtual asset trading platform license from the SFC, reinforcing the claim from different channels. The statement’s secondary detail—that this brings the total number of regulated platforms in Hong Kong to 12—is not directly confirmed in the primary announcement, but industry commentary and news reports suggest a growing list of licensed platforms consistent with such a figure. There is no evidence contradicting the licensing or the platform count claim. The combination of an authoritative regulatory source and multiple corroborating media reports makes the licensing claim highly plausible, while the exact 'total number' aspect is supported by market reporting but not explicitly verified in regulatory data, slightly reducing certainty.
Summary

On Feb. 17, 2025, Hong Kong’s Securities and Futures Commission licensed Victory Fintech Company Limited, increasing the regulated virtual asset trading platform count to 12. This marks the first new approval since Hong Kong BGE in June 2025. The updated SFC guidance now permits BTC and ETH collateral financing and perpetual contracts for professional investors. Victory Fintech, operating as VDX and affiliated with Victory Securities, is authorized for trading and custody of digital assets under Hong Kong’s strict regulatory regime.

Terms & Concepts
  • BTC: Ticker symbol for Bitcoin, a decentralized digital currency.
  • ETH: Ticker symbol for Ethereum, a blockchain-based cryptocurrency and smart contract platform.
  • Perpetual Contracts: Derivative instruments that allow trading without an expiration date, commonly used in cryptocurrency markets.