Binance Celebrates Regulatory Milestone as Victory Securities Expands Virtual Asset Services in Hong Kong

Victory Securities, a veteran brokerage firm with 50 years of experience, has achieved a significant regulatory milestone by securing approval from Hong Kong’s Securities and Futures Commission (SFC) to expand its virtual asset services. This development marks a pivotal moment for the cryptocurrency industry in Hong Kong, as Victory becomes the first licensed broker authorized to offer discretionary account management services for spot virtual assets, derivatives, and options. The approval underscores Hong Kong’s progressive stance on digital assets and sets a precedent for other financial institutions, including major players like Binance, to explore similar regulatory pathways. This expansion not only enhances Victory’s service portfolio but also strengthens Hong Kong’s position as a growing hub for virtual asset innovation and institutional adoption.

Victory Securities Secures SFC Approval for Expanded Virtual Asset Services in Hong Kong

Victory Securities, a fully licensed brokerage with five decades of market presence, has obtained regulatory clearance from Hong Kong’s Securities and Futures Commission to expand its virtual asset offerings. The approval enables discretionary account management services encompassing spot virtual assets, derivatives, and options.

The firm becomes Hong Kong’s first licensed broker authorized to provide VA DAMS through major exchanges Binance FZE and Deribit FZE. This development signals growing institutional adoption of digital asset infrastructure in Asia’s financial hub.

World Liberty Financial Founders Meet Binance’s CZ to Drive Crypto Adoption

World Liberty Financial’s founders Zach Witkoff, Zak Folkman, and Chase Herro held talks with Binance co-founder Changpeng Zhao in Abu Dhabi to explore strategies for accelerating global cryptocurrency adoption. The meeting, announced via social media on April 27, focused on establishing new industry standards and advancing crypto innovation.

While no concrete deals or token launches emerged from the discussion, the engagement signals WLFI’s aggressive market expansion plans. Binance’s involvement suggests potential collaboration in shaping regulatory frameworks and infrastructure development for broader digital asset acceptance.