DL HOLDINGS GP (01709) Rises Over 4% in Morning Session as DL Securities Opens Virtual Asset Trading

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Yesterday

DL HOLDINGS GP (01709) saw its shares increase by more than 4% during the morning trading session. As of the time of writing, the stock was up 4.58%, trading at HKD 1.6 with a turnover of HKD 8.511 million. The movement follows an announcement from the company that its subsidiary, DL Securities, has recently opened virtual asset trading services for eligible clients. Qualified clients who have already opened an account with DL Securities and completed the relevant professional investor certification can now access the service through NeuralFin, the fintech platform partnered with DL Securities. Clients can seamlessly trade mainstream digital assets using the same securities account held with DL Securities without needing to switch platforms. All trading orders will be processed through a platform licensed by the Securities and Futures Commission (SFC), with fund clearing, asset custody, and compliance monitoring conducted under the SFC's regulatory framework. Notably, Hong Kong's Financial Secretary, Paul Chan, recently stated in the 2026-27 Budget Speech that Hong Kong will issue its first batch of licenses for fiat-referenced stablecoin issuers in March, with the relevant licensing system already established. Regulatory authorities will assist licensed issuers in exploring diverse application scenarios within a compliant and risk-controlled framework. The budget also confirmed that a bill will be submitted this year to establish a licensing regime for virtual asset over-the-counter trading service providers and custodians, expanding the regulatory scope from the current trading platforms and stablecoins to include over-the-counter digital asset trading businesses.

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