The partnership with Matrixport’s qualified institutional custodian, Cactus Custody™, reaffirms Victory Securities’ commitment to collaborate with top Web3 institutions and create innovative financial products that prioritize compliance and security. The integration enhances the security and transparency of users’ digital assets by incorporating the use of leading blockchain analysis databases, tracking tools, and on-chain transaction monitoring services.
Additionally, the integration enables a compliant gateway, supported by a regulatory suite of KYT and AML tools, to Victory Securities’ products, including the Victory EMC BTC Cycle Fund, the first Bitcoin fund that allows stablecoin subscriptions, which recently secured an approval by the Securities and Futures Commission of Hong Kong.
Mr. Kennix Chan, Executive Director of Victory Securities, stated, “As a leading virtual asset brokerage in Hong Kong, we are committed to offering innovative and compliant virtual asset products that prioritize regulatory compliance, fund security, and maximum protection for our clients’ digital assets. Through our collaboration with Cactus Custody™, an institutional-grade virtual currency custodian, we can effectively safeguard investors’ digital assets while developing the investment ecosystem for virtual assets. This partnership showcases Victory Securities’ determination to enter the global Web 3 arena and establishes a preliminary framework for our upcoming series of virtual asset products.”
Ms. Wendy Jiang, General Manager of Cactus Custody™, stated, “We are proud to be the digital asset custodial partner of one of the oldest, fully licensed financial services companies in Hong Kong. Our partnership represents more than a collaboration between two powerhouses within their respective industries. It is a watershed moment that represents a big step forward in the collaboration between traditional finance and virtual asset industries to provide a scalable, compliant and secure solution for investors. Cactus Custody™ remains committed to working with compliant stakeholders to aid the sustainable growth of the Hong Kong virtual assets space.”
To date, Victory Securities has introduced various virtual asset products catering to different types of investors. It aims to launch cryptocurrency products that meet high regulatory compliance standards, leveraging the characteristics of blockchain technology in Web3 to offer truly secure opportunities for asset appreciation.
Hashtag: #VictorySecurities #Web3 #Bitcoin #Cryptocurrency #Finance
https://www.victorysec.com.hk/The issuer is solely responsible for the content of this announcement.
About Victory Securities
Victory Securities (stock code: 8540.HK), with over 50 years of history, is a comprehensive full-licensed securities firm licensed by the Securities and Futures Commission, with regulated activities under Type 1, Type 2, Type 4, Type 6, and Type 9. Investors can enjoy Victory Securities’ comprehensive financial services, including Hong Kong and global securities trading, first and second market securities financing, corporate financing (capital markets and bond capital markets), wealth management in various fields. In 2023, Victory Securities became the first and currently only licensed entity in Hong Kong to hold virtual asset trading, advisory, and asset management service licenses issued by the Securities and Futures Commission.
About Cactus Custody™
Registered as a Hong Kong trust company (TCSP License Number:TC 006789), Cactus Custody™ is your trusted qualified custodian for digital assets. Built with enterprise-grade crypto management features and value-added financial services backed by cutting-edge system security design and infrastructure that cater for a wide range of business scenarios, Cactus Custody™ safeguards billions of dollars of digital assets for some the world’s largest mining companies, exchanges, funds and projects, supporting their growth in a secure and compliant manner.
Company Website: mycactus.com
Services
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Upcoming Events
‘A WORKING LUNCH WITH NORDIN’: NATIONWIDE TOUR WITH TOYOTA
MGBF founding chairman Nordin Abdullah and UMW Toyota president Datuk Ravindran K. will delve into the convergence of automotive innovation and environmental sustainability in Penang, Sarawak, Johor and Pahang.
MGBF Roundtable: Digitalisation of the Food and Beverage Industry
Hosted by menumiz™ – an end-to-end restaurant management system – this roundtable will feature a case study presentation and a panel session to discuss the latest digital trends, challenges, and opportunities within the food and beverage sector.
THE SOUTH CHINA SEA: A THREAT OF DISRUPTION FOR BUSINESS?
In this episode of 'A Working Lunch with Nordin', MGBF's founding chairman, Nordin Abdullah, will host this discussion focusing on the biggest threats and opportunities for businesses as we look to manage change in the South China Sea.
FOOD SECURITY IN THE BREACH: INDUSTRIALISATION AND WEAPONISATION
This MGBF Roundtable will focus on regional food security issues and trends in the regional supply chain, and trade regulations and policies, including a new geopolitical tool i.e., weaponisation of supply chains.
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