Tianfeng Securities Receives Hong Kong License for Virtual Asset Services

According to PANews, Tianfeng Securities announced on an interactive platform that its wholly-owned subsidiary, Tianfeng International Securities and Futures Limited, has received approval from the Hong Kong Securities and Futures Commission (SFC) for a virtual asset-related license. This license, classified as the third type, allows the company to offer virtual asset trading services through omnibus account arrangements. The Hong Kong SFC's virtual asset-related licenses encompass several categories, including operating a virtual asset trading platform, managing investment portfolios with over 10% in virtual assets, providing virtual asset trading services through omnibus accounts, offering advice on virtual assets, and acting as an introducing agent for virtual asset trading platforms. The approval of this third type of license is expected to further advance Tianfeng Securities' development in the virtual asset sector.