Fucheng Jinke Applies for Hong Kong VASP License, Actively Expanding into the Virtual Asset Sector

ChainCatcher reports that, according to Zhitong Finance, Future FinTech (FTFT.US) announced today that its wholly owned Hong Kong subsidiary, Future FinTech International Securities & Futures Limited, has officially signed an engagement agreement with a well-known Hong Kong compliance consultant. Based on the company’s existing Hong Kong Type 1, Type 2, and Type 4 licenses, the consultant has been commissioned to assist in applying to the Hong Kong Securities and Futures Commission (SFC) for a Virtual Asset Service Provider (VASP) license, as well as a Type 9 asset management license, with plans to cover both traditional and virtual asset management businesses.

The consultant will conduct a detailed review and assessment of the company’s business model and risk management capabilities, and will assist the company in preparing the relevant application materials and business plan for submission to the Hong Kong SFC.