Eddid Financial Granted SFC License Uplift To Expand Virtual Asset Business

(20th September, Hong Kong) Eddid Financial, an all-encompassing financial group centered around fintech, is pleased to announce that its subsidiary Eddid Securities and Futures Limited (“Eddid Securities and Futures” or the ”Company”) has successfully obtained an uplift from the Securities and Futures Commission of Hong Kong (SFC) for its license in Type 1 regulated activity (dealing in securities) This uplift enables it to provide virtual asset trading and product distribution services to clients and heralding its entry into the cryptocurrency market.

As an SFC-approved and authorized intermediary, Eddid Securities and Futures will adhere strictly to the authority's regulations and work with licensed virtual asset trading platform operators to conduct virtual asset trading and distribute related products.

Additionally, the Company will draw on the Group's robust FinTech R&D capabilities and extensive cross-sector financial expertise and experience to offer a variety of trading options, including cryptocurrency spot trading, virtual asset futures ETFs, and distribution of security-backed tokens (STOs), to meet the diverse needs of its clientele.

The virtual asset ecosystem has demonstrated rapid growth and immense potential in recent years. While many investors are eager to explore these opportunities, the quality of service providers can vary significantly, and negative news emerges periodically. With the SFC continuously introducing and refining regulatory mechanisms, virtual asset market activities are becoming more effectively managed. Investors can now opt for institutions that hold license and are regulated by the authorities to safeguard their capital and trading.

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Eddid Financial Obtains SFC License Uplift To Expand Virtual Asset Business