HONG KONG, June 30, 2025 /PRNewswire/ — In a transfer that has sparked widespread business dialogue, a serious mainland Chinese language brokerage lately obtained approval from the Hong Kong Securities and Futures Fee (SFC) to uplift its license and enter the digital asset market. Nevertheless, the SFC’s licensing improve framework has been in place since 2023, and a number of brokers have already taken benefit of it. These early movers have constructed complete digital finance ecosystems, positioning themselves as influential gamers in the evolving market.
Amongst the first to safe an uplifted license was Eddid Financial’s subsidiary, Eddid Securities and Futures, in September 2023. Over the previous yr, the agency has made vital progress in increasing its digital asset enterprise. Immediately, Eddid Financial is just not solely advancing in digital asset buying and selling and market-making but in addition actively exploring Actual World Asset (RWA) companies. By providing tailor-made options to retail buyers, skilled purchasers, and corporates, the agency is injecting contemporary vitality into the market.
First-Mover Benefit in the Digital Asset Market
Acquiring an uplifted license from the SFC is greater than a regulatory milestone — it is a strategic gateway to broader market alternatives.
In 2024, Hong Kong launched the world’s first spot Ether ETFs and Asia’s first spot Bitcoin ETFs. Eddid Securities and Futures was one in every of the few taking part sellers of all these ETFs, aiding with their creation and redemption in the international major market whereas guaranteeing clean and environment friendly transactions. The agency additionally grew to become one in every of the first in Hong Kong to supply in-kind subscription and redemption, permitting buyers to make use of Bitcoin or Ether to subscribe to or redeem these ETFs. This innovation considerably enhanced market flexibility and liquidity. Moreover, the agency was amongst the first brokers in Hong Kong to introduce margin financing for digital asset spot ETFs, a service that permits purchasers to pledge ETF holdings as collateral, boosting capital effectivity and portfolio agility.
Dr. Ricky Yeung, Head of Digital Assets at Eddid Monetary, commented: “As one in every of the first licensed brokers, we not solely have a accountability to develop the market but in addition purpose to set a benchmark for Hong Kong’s digital asset business via innovation and compliance.”
Strategic Alliances and Technological Power Bolster Digital Asset Market
Over the previous yr, Eddid Monetary has actively promoted the popularization of cryptocurrency buying and selling via strategic partnerships with licensed platforms together with HashKey Trade and EXIO Restricted. These alliances have enabled the agency to offer uninterrupted liquidity throughout market cycles. Central to its operations is a resilient know-how infrastructure that has considerably enhanced buying and selling effectivity and contributed to higher market depth.
Breakthroughs in Market-Making and Stablecoin Functions
In Might 2025, Hong Kong’s Legislative Council handed the Stablecoin Invoice, offering a transparent regulatory framework for the stablecoin market. Eddid Monetary responded swiftly, collaborating with distinguished business companions to discover the use of stablecoins in settlement and cross-border funds. These efforts reinforce Hong Kong’s ambition to stay a number one international monetary centre.
Dr. Yeung famous, “Stablecoins will not be only a key part of the digital asset market, they’re additionally a vital bridge between conventional finance and the digital economic system. We imagine stablecoins will drive the globalization of the digital economic system.”
Exploring RWA: Bridging Digital Assets and Conventional Finance
Constructing on its success in the digitalasset market, Eddid Monetary is now turning its consideration to Actual World Assets (RWA). By tokenizing conventional belongings resembling actual property and bonds and integrating them into blockchain infrastructure, RWA unlocks new dimensions for digital finance.
The SFC’s “A-S-P-I-Re” roadmap and the Coverage Assertion 2.0 on the Growth of Digital Assets declared by HK Authorities emphasizes sustainable liquidity as a cornerstone for the improvement of the digital asset market. Consistent with this imaginative and prescient, Eddid Monetary plans to launch RWA merchandise, together with actual property, bonds, and different bodily belongings, providing each distribution and market-making companies.
Dr. Yeung remarked, “The combination of digital asset market-making with RWA companies will probably be a key driver of innovation and sustainable progress in Hong Kong’s monetary markets. This technique not solely broadens buyers’ asset allocation choices but in addition enhances general market effectivity and threat administration.”
Wanting Forward: A World Imaginative and prescient for Hong Kong’s Digital Asset Market
As a full-service monetary group, Eddid Financial’s technique aligns intently with Hong Kong’s push to control and internationalize the digital asset market. Wanting forward, the Group plans to proceed integrating monetary know-how, fostering collaboration with business companions, and driving the integration of digital and conventional monetary programs. These efforts purpose to make sure Hong Kong stays a frontrunner in the international digital asset panorama.
