Skadden represented Victory Securities Company Limited (“Victory Securities”) in successfully securing regulatory approval from the Securities and Futures Commission of Hong Kong (“SFC”) to provide discretionary account management services via regulated exchanges and invest in spot and derivative positions of virtual assets for retail and professional investors.
This groundbreaking development marks Victory Securities as the first licensed broker in Hong Kong authorized to provide discretionary account management services via regulated exchanges.
“We are pleased to have worked with the Skadden team on securing this groundbreaking approval. Their knowledge and expertise in the crypto space adds great value,” said Kennix Chan, Executive Director, Victory Securities.
The Skadden team was led by Investment Management Partner Geoffrey Chan and Regional IMG Compliance Counsel Ryan Chan.
