Virtual asset service provider FTFT submits VASP license application in Hong Kong for aggressive expansion in the virtual asset industry
Future FinTech Expands into Virtual Asset Market with VASP License Application
Future FinTech Group, a leading player in traditional finance, has taken a significant step towards entering the virtual asset market. Its Hong Kong subsidiary, Future International Securities and Futures Limited, has applied for a Type 1 Virtual Asset Service Provider (VASP) license from the Securities and Futures Commission (SFC) of Hong Kong.
The application, currently under preparation with the help of a renowned Hong Kong compliance consultancy, aims to authorise Future FinTech to legally operate virtual asset-related business activities such as cryptocurrency trading via electronic platforms within Hong Kong’s regulated environment.
Future FinTech's move into the virtual asset sector is a strategic expansion, reflecting the company's commitment to enhancing client trust and capitalising on growth opportunities under Hong Kong’s robust regulatory framework. The company has gained the trust and support of investors through its high-quality services and outstanding performance in traditional financial services.
The company's extensive experience and strong reputation in traditional financial services will be leveraged to build a distinctive virtual asset service platform. Future FinTech recognizes the potential and opportunities in the emerging virtual asset market and aims to provide clients with more comprehensive and diversified financial services that meet their investment needs.
In addition to the VASP license application, Future FinTech is also applying for a Type 9 Asset Management License. The company will continually strengthen its risk management and compliance framework to contribute to the healthy development of Hong Kong’s virtual asset market.
Future FinTech has actively participated in virtual asset industry seminars and discussions to gain knowledge about regulatory policies and market trends. CEO Hu Li believes that with effective regulatory oversight and collaborative efforts, Hong Kong’s virtual asset market will achieve orderly, healthy, and sustainable growth.
The VASP license approval will enhance Future FinTech's reputation, strengthen customer trust, and grant access to the virtual asset market. Obtaining the license will be a key strategic move for the company's development, highlighting the openness of the Hong Kong financial market towards the virtual asset sector.
Status: Application submitted and under preparation with compliance consultant assistance (as of August 2025).
Entity: Future International Securities and Futures Limited (a wholly-owned subsidiary of Future FinTech Group).
License sought: Type 1 VASP license (plus Type 9 Asset Management License).
Purpose: To legally conduct virtual asset services, including cryptocurrency trading.
Next step: Awaiting regulatory approval from the SFC.
No indication was found that the license has yet been granted or rejected; the process appears ongoing as of mid-August 2025.
Future FinTech Group, as a leading entity in traditional finance, has formally entered the virtual asset market by applying for a Type 1 Virtual Asset Service Provider (VASP) license from the Securities and Futures Commission (SFC) of Hong Kong. (ffnews.com, finance, investing, business)
The company aims to legally operate virtual asset-related business activities like cryptocurrency trading within Hong Kong’s regulated environment, leveraging its extensive experience and strong reputation in traditional financial services. (ffnews.com, finance, investing, business)
