Tianfeng International Securities and Futures Co., Ltd., a subsidiary of Tianfeng Securities, secured approval on June 27, 2025, from the Hong Kong Securities and Futures Commission (SFC) to offer virtual asset trading services.
Regulatory Milestone: Tianfeng Leads HK Virtual Asset Services
Tianfeng International has reached an important regulatory milestone by obtaining a license from the SFC for virtual asset trading through comprehensive account arrangements. This step represents an accelerated push into virtual assets, joining peers like Guotai Junan International and Haifu Securities. The license boosts institutional access to BTC and ETH but excludes high-risk or unapproved tokens.
Hong Kong's Blockchain Strategy Bolsters Institutional Crypto Trading
Hong Kong's firm regulatory framework has steadily increased BTC and ETH institutional transactions, reflecting a cautious yet open approach to crypto adoption. Licensed brokers must employ stringent Know Your Customer (KYC) measures and are restricted from servicing Mainland China residents. This aligns with the SFC's principle of 'same business, same risk, same regulation.'
Overview of BTC Market
According to CoinMarketCap, the current price of Bitcoin (BTC) is approximately $106,907.84 with a market capitalization of $2.13 trillion and market dominance of 65%. Despite a 0.96% drop over 24 hours, BTC shows a 27.61% rise over 90 days, indicating resilience amidst market volatility. Trading volume hit $43.34 billion, albeit declining by 16.70% in recent days.
The SFC's licensing of Tianfeng International is a significant advancement for Hong Kong’s status as a hub for virtual asset trading and highlights the benefits of a regulatory framework conducive to institutional confidence.
