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A Big Announcement: The Veteran Payment Project Alchemy Pay May Be Entering the Compliant Exchange Track
Alchemy Pay just officially announced its investment in HTF Securities Limited. HTF has been operating in the Hong Kong capital market for many years, possessing three core financial licenses:
Class 1 (Securities Trading)
Class 4 (Securities Advisory)
Class 9 (Asset Management)
Through strategic investment in HTF, Alchemy Pay successfully obtained these financial licenses. This is just the first strategic step.
What's next?
The Hong Kong Securities and Futures Commission currently allows holders of Class 1, 4, and 9 licenses to apply for business expansion into virtual asset-related services. This means that by holding these financial licenses, Alchemy Pay now hopes to extend its business activities to crypto assets.
How high is the success probability? Previously, Guotai Junan and Futu Securities successfully obtained approval from the Hong Kong Securities and Futures Commission to provide virtual asset trading services.
I personally think the probability of approval is quite high.
Alchemy Pay's strategic ambitions go far beyond license upgrades. Here's a summary of its ecosystem layout and $ACH benefits:
Alchemy Pay compliant license upgrade
Alchemy Chain launch, empowering $ACH (mainnet will go live in Q4 2025)
Self-issued stablecoin (expected to be issued on Alchemy Chain)
More RWA product integration. Previously, Alchemy Pay collaborated with Backed & xStocks to launch the world's first fiat direct RWA product
Looking at $ACH's trend, after a period of consolidation, it has been steadily rising in the past month. If you are an $ACH holder, I recommend paying attention to these important milestones.

Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway
@AlchemyPay
07-17
🇭🇰#AlchemyPay has secured access to SFC Type 1/4/9 licenses via investment in HK-licensed firm HTF Securities Limited and will apply for the upgrade of the SFC Type 1 License.
Looking ahead, we’ll work together to upgrade these licenses for extending business scope into virtual



It's kind of awesome.
This is so comfortable!!!
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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