Victory Securities (Victory Securities) has announced today that it has obtained two crucial virtual asset business approvals from Hong Kong's Securities and Futures Commission (SFC). These approvals enable the firm to provide innovative virtual asset (VA) related services:
- Virtual Asset Discretionary Account Management Services (DAMS) – Approved to offer retail and professional investors customized investment strategies involving spot virtual assets, VA futures, and VA options under SFC suitability requirements.
- Physically-Settled VA Structured Products Distribution – Licensed to distribute structured products with physical subscription/settlement for professional investors.
Pioneering Virtual Asset Discretionary Account Management
As the first Hong Kong brokerage to receive DAMS approval, Victory Securities now enables clients to access institutional-grade VA portfolio management through top global exchanges like Binance FZE and Deribit FZE. Key features include:
- Tailored Investment Strategies: Combines spot crypto assets and derivatives under rigorous risk frameworks
- Professional Oversight: Experienced team implements dynamic asset allocation with 24/7 market monitoring
- Regulatory Compliance: Adheres to SFC guidelines on suitability assessments and investor protection
"The institutionalization of virtual assets is inevitable," said Mr. Chan Pui Chuen, Deputy CEO. "Our DAMS bridges this transition by merging quantitative analysis with regulatory safeguards to deliver sustainable value."
Expanding Structured Product Capabilities
Building on its 2023 milestone as Hong Kong’s first SFC-approved distributor of cash-settled VA structured products, Victory Securities now offers:
- Physically-Settled Products: Delivers actual virtual assets at maturity
- Enhanced Flexibility: Allows investors to hedge volatility through customizable payoff structures
- Cost Efficiency: Reduces cross-market transaction friction for crypto holders
👉 Discover how Victory Securities bridges traditional finance and crypto markets
Strategic Positioning in Hong Kong’s Virtual Asset Ecosystem
The approvals solidify Victory Securities’ leadership in Hong Kong’s VA regulatory evolution. The firm has developed an integrated service ecosystem spanning:
- Trading – Multi-exchange VA execution
- Asset Management – Proprietary DAMS solutions
- Product Distribution – Innovative structured offerings
This end-to-end infrastructure aligns with Hong Kong’s "embrace virtual assets" policy direction, positioning the company as a gateway for institutional and high-net-worth investors entering the digital asset space.
Frequently Asked Questions
Q: What investor types qualify for Victory Securities’ DAMS?
A: Both retail and professional investors may access these services after suitability assessments.
Q: How do physically-settled structured products work?
A: Investors receive actual virtual assets (e.g., Bitcoin) at maturity instead of cash equivalents.
Q: What exchanges does Victory Securities use for VA trading?
A: The firm partners with globally liquid platforms including Binance FZE and Deribit FZE.
Q: How does Victory Securities mitigate VA market risks?
A: Through institutional-grade risk controls, diversification strategies, and continuous portfolio monitoring.
👉 Explore regulated virtual asset investment opportunities today