Subsidiary of TF Securities Obtains Hong Kong Type 3 Virtual Asset License, Authorized to Offer Virtual Asset Trading Services

According to Jinse Finance, TF Securities stated on its interactive platform that its wholly-owned subsidiary, TF International Securities and Futures Limited, has received approval from the Hong Kong Securities and Futures Commission (SFC) and obtained a Type 3 license related to virtual assets, allowing it to provide virtual asset trading services through omnibus account arrangements. It is reported that the SFC’s virtual asset-related licenses include the following categories: operating a virtual asset trading platform, managing investment portfolios with more than 10% allocated to virtual assets, providing virtual asset trading services through omnibus account arrangements, offering advice on virtual assets, and acting as an introducing agent for virtual asset trading platforms. The approval of this Type 3 license will further advance TF Securities’ development in the virtual asset sector.