Future FinTech Group Inc. Seeks Hong Kong VASP License to Expand into Virtual Asset Sector

Reuters08-11
Future FinTech Group Inc. Seeks Hong Kong VASP License to Expand into Virtual Asset Sector

Future FinTech Group Inc. $(FTFT)$ has announced that its wholly-owned Hong Kong subsidiary, Future International Securities and Futures Limited, has formally applied for a Type 1 Virtual Asset Service Provider (VASP) license from the Securities and Futures Commission $(SFC.AU)$ of Hong Kong. This move marks the company's strategic expansion into the virtual asset sector. To ensure a smooth application process, Future Securities has signed a commission agreement with a renowned Hong Kong compliance consultant and is also applying for a Type 9 Asset Management License. The company aims to fortify its market presence and offer diversified investment options upon successful acquisition of the license. The endeavor is underscored by a commitment to compliance and risk management, aligning with regulatory requirements to protect investors' interests.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Future FinTech Group Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN48109) on August 11, 2025, and is solely responsible for the information contained therein.
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