Hong Kong Expands Crypto Market as VDX Gets Regulatory Green Light
Hong Kong continues to strengthen its position as a global crypto hub despite mainland China’s restrictive stance. As part of the city’s latest efforts, the regulator has granted a license to VDX, a crypto trading platform under Victory Fintech Company Limited.
With this approval, VDX is now authorized to conduct regulated securities trading and provide automated trading services for broader participation in the city’s growing crypto ecosystem.
This development comes amid Hong Kong’s rising initiatives to strengthen its regulatory framework. The financial watchdog has implemented clear licensing requirements and regulatory norms to ensure traders’ protection, along with the city’s crypto market expansion.
VDX License Marks Another Hong Kong Crypto Milestone
Hong Kong Securities and Futures Commission’s (SFC) license approval of the crypto platform VDX marks another major milestone in the city’s journey toward becoming a prominent digital asset ecosystem. While the license provides VDX the authority to provide regulatory services to its clients, the move also helps the city achieve its crypto ambitions.
The SFC’s license approval now allows VDX to offer a full suite of regulated digital asset services to the Hong Kong users. This gives both investors and financial institutions more confidence to participate in the city’s growing crypto market.
In addition to trading, VDX’s subsidiary, VDX Custody Limited, has also received authorization to provide secure custody services to cryptocurrencies. This move ensures that assets held on the platform meet strict anti-money laundering and counter-terrorist financing requirements. Thus, the platform makes sure to address one of the most concerning issues in the global blockchain space. By combining both trading and custody under licensed oversight, VDX strengthens Hong Kong’s infrastructure for safe and regulated digital asset operations.
The licensing of VDX also reflects the city’s broader regulatory strategy. The Securities and Exchange Commission has been steadily building a framework that balances innovation with investor protection. With 12 licensed platforms now operating in Hong Kong, the region is placing itself at the forefront of the global crypto space.
How Hong Kong Pushes Ahead as a Digital Hub?
As part of the city’s efforts to establish a digital hub, regulators are introducing new rules and stablecoin licenses to help companies grow and operate in the region. At the recent Consensus Hong Kong Conference, policymakers shared initiatives aimed at strengthening the local blockchain and digital asset ecosystem. As CoinNewsSpan reported last week, the central bank of Hong Kong is expected to introduce its first set of stablecoin licenses in March 2026. HKMA Chief Executive Eddie Yue stated, “We hope that by March we will be able to make a decision.”
Many companies are finding real value in blockchain technology. Regulators, including the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA), are actively working with businesses to understand their needs and encourage investment. This collaboration is helping companies feel confident about expanding their operations in Hong Kong.
Auros crypto platform COO Jason Atkins noted, “That clear direction gives many companies confidence to invest in Hong Kong and expand their operations.” Multiple platforms are actively working with regulators through panels, think tanks, and discussions. This helps shape policies that support practical use of blockchain while keeping the city’s crypto market safe and regulated.
