Victory Securities: Applying for a virtual asset exchange license in Hong Kong, launching STO business by the end of the year

Odaily Odaily News: Chen Peiquan, executive director of Hong Kong-listed Victory Securities, revealed that the number of new account openings at Victory Securities in April and mid-May was three times that of March. In addition, the proportion of virtual asset transactions in Victory Securities has reached double digits (less than 20%) so far this year. By the end of this year, the revenue related to virtual assets will account for a quarter or even a third of the entire Victory Securities. Victory Securities is currently applying for a virtual asset exchange license. As for its security token issuance (STO) business, it is expected to debut at the end of the year at the earliest. (Wenhui Daily)