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Hong Kong regulator approves first crypto company license since June
Hong Kong's Securities and Futures Commission (SFC) granted Victory Fintech a license.
Feb 16, 2026, 5:01 p.m.
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What to know:
- Hong Kong's Securities and Futures Commission (SFC) granted a crypto license to Victory Fintech (VDX).
- There are now 12 approved platforms on the SFC's registry of approved crypto firms.
- The regime has a reputation for being one of the strictest among major financial jurisdictions.
Hong Kong's Securities and Futures Commission (SFC) granted a crypto license to Victory Fintech (VDX), an affiliate entity of publicly listed financial services firm Victory Securities (8540).
Victory won permission to operate a digital asset trading platform on Friday, according to the SFC's registry of licensed crypto firms, the first addition since June 17 last year.
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Hong Kong introduced its current regime for the regulation of companies providing crypto services in 2023, with Hashkey Exchange and OSL Digital Securities the first two parties to receive approval.
There are now 12 approved platforms on the registry, including New York Stock Exchange-listed Bullish (BLSH), which is also the parent company of CoinDesk.
The regime has earned a reputation for being one of the strictest among major financial jurisdictions. Prominent exchanges OKX and Bybit both withdrew their applications for licensing in May 2024.
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Ripple's Brad Garlinghouse says CLARITY bill has '90% chance' of passing by April
The bill would clarify which digital assets fall under securities law versus Commodity Futures Trading Commission oversight.
What to know:
- Ripple CEO Brad Garlinghouse said he now sees a 90 percent chance that the long-debated Clarity Act will pass by the end of April, citing renewed momentum in Washington.
- The bill would clarify which digital assets fall under securities law versus Commodity Futures Trading Commission oversight, addressing long-standing regulatory uncertainty that Garlinghouse says has weighed on innovation.
- Ripple, which has spent nearly $3 billion on acquisitions since 2023 and is now pausing major deals to focus on integration, argues that both crypto firms and traditional financial institutions increasingly want clear rules as attitudes toward digital assets shift.
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