ChainCatcher news, according to cryptonews, Hong Kong's cryptocurrency brokerage Victory Securities has announced plans to launch structured products for professional investors by the end of this year. Structured crypto products are designed to provide customized returns by leveraging the performance of a single cryptocurrency or a combination of multiple cryptocurrencies, helping investors pursue higher potential returns and achieve various objectives.The brokerage announced that it has obtained regulatory approval from the Hong Kong Securities and Futures Commission. The company stated that this makes it the first licensed brokerage in Hong Kong to market and distribute cash-settled virtual asset structured products to professional investors.

ChainCatcher News, Taiwan's "Financial Supervisory Commission" announced the opening of foreign virtual asset ETFs for professional investors through a discretionary investment method. Qualified professional investors include: professional institutional investors, high-net-worth institutional investors, high-asset clients, legal entities or funds that qualify as professional investors, and natural persons who qualify as professional investors.To ensure that investors have sufficient investment experience and knowledge, securities firms must establish a comprehensive suitability assessment system when providing virtual asset ETF services, which must be reviewed and approved by the board of directors. Before a client purchases a virtual asset ETF for the first time, the securities firm must assess whether the client has relevant investment experience and professional knowledge to ensure the suitability of the client's investment risk.In addition to professional institutional investors, other investors must sign a risk disclosure statement before their first purchase of a virtual asset ETF. Securities firms must provide relevant product information to investors before accepting their first purchase of a virtual asset ETF to assist investors in fully understanding the characteristics and related risks of the virtual asset ETF they are investing in.

ChainCatcher news, according to Ledger Insights, Northern Trust shared the results of a recent poll conducted in London with 100 investment professionals, where 34% have already invested in digital assets or plan to do so soon.The Northern Trust survey found that two-thirds believe private assets will benefit the most. The next most promising groups are commodities and real estate (53%), followed by money market funds (36%).Northern Trust's new Chief Operating Officer Pete Cherecwich stated, "These findings highlight the duality of opportunity and challenge as our clients meet their data needs through the convergence of emerging digital assets and advanced technologies."

ChainCatcher news, Hong Kong listed company Nanhua Financial announced that its subsidiary Nanhua Securities has upgraded its business license for Type 1 regulated activities. This upgrade enables Nanhua Securities to provide virtual asset trading services to professional investors in Hong Kong.

ChainCatcher news, Tiger Brokers (Hong Kong) announced that it is now opening trading of Avalanche (AVAX) and Chainlink (LINK) to retail investors, as well as trading of Aptos (APT) and Toncoin (TON) to professional investors.Data from Tiger Trade, the investment flagship platform under Tiger Brokers, shows that in August, the number of cryptocurrency trading orders and the number of traders among Hong Kong users both increased by more than two times month-on-month. Currently, Tiger Brokers supports trading of 4 cryptocurrencies for retail investors. The number of cryptocurrencies available for trading by professional investors on Tiger Trade has increased to 20. More new cryptocurrency trading permissions are expected to be opened to professional investors in early September.

ChainCatcher news, according to the "China Securities Journal," the company's subsidiary, ZR Securities, has received preliminary approval from the Hong Kong Securities and Futures Commission for the upgrade of its Type 1 license, allowing ZR Securities to accept professional investors for virtual asset trading on its platform.ZR Financial Group stated that this license upgrade means ZR Securities will be able to provide virtual asset trading services for professional investors in Hong Kong, and eligible investors can trade virtual assets on the ZR ZIRCON platform. Investors only need one platform to trade virtual assets such as Bitcoin and Ethereum, as well as a diverse range of financial products including stocks, options, futures, funds, and ETFs, achieving efficient centralized management of investments and a comprehensive assessment of the risk status of different assets.According to the information, ZR Securities is a licensed institution by the Hong Kong Securities and Futures Commission, authorized to conduct regulated activities under Types 1, 2, 4, 5, and 9.

ChainCatcher news, according to a report by the Financial界, Guofu Innovation (00290.HK) announced that its wholly-owned subsidiary, Fuqiang Securities Limited, has obtained approval from the Hong Kong Securities and Futures Commission to provide virtual asset trading services to professional investor clients through the operation of a comprehensive account established and maintained on the SFC licensed platform, subject to the terms and conditions set by the SFC.

ChainCatcher news, according to reports from Huigang Communications, Tiger Brokers (Hong Kong) has officially launched virtual asset trading services, becoming one of the first technology brokers in Hong Kong to support a platform for managing traditional securities as well as virtual assets. Currently, professional investors in Hong Kong can invest through Tiger Brokers' flagship platform, Tiger Trade, with a cost-effective one-stop trading solution that includes 18 virtual assets such as Bitcoin (BTC) and Ethereum (ETH), as well as various global assets like stocks, options, futures, U.S. Treasury bonds, and funds, without the need to open and manage different accounts across various brokers and platforms.Tiger Brokers will offer competitive trading rates. The commission for virtual asset trading is as low as 0.2% of the transaction amount, and custody fees are waived. Through the user-friendly interface of Tiger Trade, registered users in Hong Kong can also view real-time quotes and price change rankings for virtual assets, keeping up with the virtual asset market anytime and anywhere. Additionally, Hong Kong dollars and U.S. dollars can be exchanged instantly on a T+0 basis within the Tiger Trade App.Currently, Tiger's virtual asset trading services are only available to professional investors. Eligible users, specifically Hong Kong residents with a portfolio exceeding 8 million HKD or corporations with assets exceeding 40 million HKD, can submit professional investor information in the Tiger Trade APP, complete the investor education required by the Securities and Futures Commission, and sign the agreement to participate in virtual asset trading. In the future, subject to regulatory requirements, Tiger Brokers plans to extend virtual asset trading services to retail investors. Furthermore, the company will also consider adding virtual asset spot deposit services.

ChainCatcher news, according to The Block, digital asset broker FalconX stated that it will expand to Hong Kong as institutional demand for crypto assets in the region increases.The company announced in a statement on Thursday that it plans to offer over-the-counter brokerage and crypto derivatives services for professional investors in Hong Kong. These professional investors include proprietary trading firms, family offices, and fund managers.

ChainCatcher news, according to the official announcement, HashKey Exchange will launch Lido DAO (LDO) for professional investors. Deposit and withdrawal services are now available, and the LDO/USD trading pair will open for trading at 16:00 Beijing time on November 16, 2023.According to the requirements of the Hong Kong Securities and Futures Commission, a professional investor is defined as a high-net-worth individual with an investment portfolio of no less than HKD 8 million.

ChainCatcher news, HashKey Exchange indicates that individual professional investors refer to high-net-worth individuals with a portfolio valuation of at least 8 million HKD. Individual retail investors applying for an upgrade need to upload asset documents, including bank statements, securities reports, and trust certificates issued by custodians.It is reported that individual professional investors can access fiat trading pairs of mainstream cryptocurrencies such as BTC and ETH, as well as engage in stablecoin trading and access all cryptocurrency pairs.

ChainCatcher news, according to the official announcement, HashKey Exchange will launch Chainlink (LINK) for professional investors. User deposits and withdrawals are now open, and the LINK/USD trading pair will be available for trading on November 10 at 16:00 Beijing time.

ChainCatcher news, according to information from HashKey Exchange trading platform, the exchange will launch the trading pairs MATIC/USD and AVAX/USD for professional investors. According to the Hong Kong Securities and Futures Commission (SFC), professional investors are defined as high-net-worth individuals with an investment portfolio of no less than HKD 8 million.

ChainCatcher news, HashKey Exchange announced that its platform has updated the terms of business for professional investors, trading rules, account opening, and all rules related to trading, effective from August 23, 2023. If users continue to hold an account with HashKey Exchange after this date and continue to use the account, they must agree to comply with these rules and terms. The updated rules and terms mainly include: HashKey PRO has been renamed to HashKey Exchange, adjustments have been made according to the relevant rules and terms published by the Hong Kong Securities and Futures Commission in the "Guidelines for Virtual Asset Trading Platform Operators," and approval has been obtained from the Hong Kong Securities and Futures Commission to provide virtual asset trading services to retail users, updating the terms of business for professional investors to investor terms, etc.ChainCatcher previously reported that HashKey will launch a trading system for retail investors on August 28.

ChainCatcher news, Spanish bank A&G, focused on private banking, has launched its first cryptocurrency hedge fund. The fund will be open to professional investors and will be audited by PwC. As of the end of 2022, the company's total assets amounted to €12.4 billion ($14 billion).In 2022, the Bank of Spain began issuing licenses to virtual currency exchange and digital wallet custody service providers, with companies such as Bit2Me, Bitstamp, BVNK, Crypto.com, and Ripio receiving the license. (source link)

ChainCatcher news, Xinhui Technology has partnered with LD Capital US to launch a 100% virtual asset investment fund, managed by Xinhui Asset Management. The fund will adopt an active investment strategy and is open to qualified professional investors.This collaboration aims to provide investors with more opportunities to invest in the virtual asset space, leveraging LD Capital US's professional research team and Xinhui Asset Management's management experience to create returns and manage risks for clients.It is reported that Xinhui Asset Management is a subsidiary of Xinhui Technology, focusing on providing compliant institutional-level virtual asset management services, and holds the Type 4 (advising on securities) and Type 9 (asset management) licenses issued by the Hong Kong Securities and Futures Commission, approved to manage investment portfolios that are 100% invested in virtual assets.LD Capital US is a virtual asset investment thematic fund, focusing on investments in the secondary market for virtual assets. Its sub-funds include the Beta Enhanced series funds such as POS Enhanced, ETH Enhanced, and BITO Enhanced.

ChainCatcher news, investment brokerage firm Signum Digital has obtained in-principle approval from the Hong Kong Securities and Futures Commission (SFC) to provide a security token offering (STO) issuance and subscription platform for professional investors. The tokens issued will be traded on the blockchain and associated with various asset classes, such as private equity, real estate, art, and collectibles.It is reported that Signum Digital is a joint venture between digital asset consulting firm Coinstreet Holdings and Hong Kong financial group Somerley Capital Holdings, providing brokerage and distribution services to professional investors through STO. (Source link)