HashKey Exchange Partners with Victory Securities to Enhance Crypto Services
by Fintech News Hong Kong April 1, 2024HashKey Exchange, a licensed crypto exchange in Hong Kong, has partnered with Victory Securities, a corporation licensed by the Hong Kong Securities and Futures Commission (SFC).
The partnership focuses on institutional virtual asset custody services, utilising Omnibus accounts to offer a secure and efficient management solution for virtual assets. This collaboration is aimed at improving virtual asset custody and trading services.
Victory Securities brings to the table its SFC licenses in Type 1 (dealing in securities), Type 4 (advising on securities), and Type 9 (asset management), offering virtual asset dealing, advisory services to retail investors, and asset management services in Hong Kong.
HashKey Exchange will facilitate trading approved funds and cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), enhancing the scope of virtual asset services available to investors. According to the company, as of March 25, 2024, HashKey Exchange has amassed a total trading volume of US$4.8 billion (HK$37.57 billion) since its launch.
Through this collaboration, both entities strive to provide a compliant platform for investors, responding to the increasing interest in virtual assets and financial tokenisation.
Livio Weng
“This collaboration represents HashKey Exchange’s further strengthening of institutional business, continuously expanding the user base and business scale of institutional operations. We look forward to embarking on this new chapter of collaboration with Victory Securities, bringing more high-quality virtual asset trading services and management opportunities to investors.”
said Livio Weng, COO of HashKey Group and CEO of HashKey Exchange.
Kennix Chan
“Leveraging our experience and expertise in this field, we aim to provide clients with safer and more efficient trading and custody solutions. Victory Securities, along with our close partners VDX and EMC Labs, will be attending the Hong Kong Web3 Festival, where we will further promote the integration of virtual assets with traditional finance and contribute to the advancement of Web3,”
said Kennix Chan, Executive Director of Victory Securities.
Featured image credit: Edited from Freepik
