TradeGo FinTech Ltd. Subsidiary Applies for License Uplift to Expand Virtual Asset Services in Hong Kong
Reuters
Jul 14
TradeGo FinTech Ltd. Subsidiary Applies for License Uplift to Expand Virtual Asset Services in Hong Kong
TradeGo FinTech Ltd. has announced that its wholly-owned subsidiary, TradeGo Markets Limited, is seeking regulatory approval from the Securities and Futures Commission of Hong Kong for an upgrade to its existing Type 1 (dealing in securities trading) license. This application aims to enable the provision of virtual asset dealing services under an omnibus account arrangement with SFC-licensed platforms. The proposed license upgrade aligns with Hong Kong's new regulatory framework for the virtual asset industry and seeks to expand TradeGo's service offerings. The outcome of the application is pending and subject to approval by the SFC. Shareholders and potential investors are advised to exercise caution as the application process may be complex and uncertain. Further announcements will be made as developments occur.
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