Victory Securities and VSG Collaborate to Develop Regulatory-Compliant Virtual Asset Fund Products
Victory Securities has partnered with Virtual Seed Global (VSG) to create compliant virtual asset fund products for investors. In a press release by Media OutReach Newswire, Victory Securities and VSG have signed a memorandum of understanding to establish virtual asset fund products within a comprehensive compliance framework.
The collaboration between the two companies aims to capitalize on Victory Securities’ compliance expertise and VSG’s data acquisition and industry research capabilities to meet the growing demand for virtual assets among investors.
Kennix Chan, Executive Director of Victory Securities, highlighted the increasing demand for investments in various asset categories among their clients. With the virtual asset industry rapidly evolving globally, the company is actively collaborating with industry professionals like VSG to develop compliant products for clients to seize market opportunities.
The partnership between Victory Securities and VSG is expected to enhance cooperation within the financial technology sector, offering advanced financial services to investors. Jacky Wang, founder of VSG, expressed confidence in unlocking the potential of the virtual asset industry through their unique strategies and track record, establishing a fruitful collaboration with Victory Securities for future market expansion and product services.
Additionally, Victory Securities recently introduced stablecoin deposit and withdrawal services for professional investors, including Tether (USDT) and USD Coin (USDC) on the VictoryX App. The brokerage had previously launched Bitcoin (BTC) and Ethereum (ETH) trading for retail investors, consolidating these features on a single platform.
Having obtained the necessary licenses for virtual asset operations in Hong Kong, including Type 1 for Virtual Asset Trading, Type 4 for Virtual Asset Advisory Services, and Type 9 for Virtual Asset Management Services, Victory Securities is at the forefront of providing innovative virtual asset services to investors.
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