Crypto payment company Alchemy Pay announced that its Hong Kong strategic investment, HTF Securities Limited, has received approval from the Hong Kong Securities and Futures Commission (SFC) to upgrade its Type 1 (Securities Dealing) license to virtual asset trading services, covering both professional and retail investors. Previously, the two companies had jointly completed a Type 4 (VA) license upgrade and are currently working on an application for a Type 9 license upgrade. Furthermore, Alchemy Pay's stablecoin payment public blockchain, Alchemy Chain, launched its testnet in March of this year, and since then, it has attracted over 150,000 test addresses.