
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.
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.