FTFT Subsidiary Aims for VASP License in Hong Kong

FTFT Limited, a company listed on the US stock exchange (FTFT.US), has announced that its Hong Kong subsidiary, FTFT International Securities and Futures Limited, will be seeking a Virtual Asset Service Provider (VASP) license from the Hong Kong Securities and Futures Commission (SFC). This move comes alongside existing Type 1, 2, and 4 licenses already held by the company. The subsidiary also aims to apply for a Type 9 asset management license, broadening its services to include both traditional and virtual asset management.