Hong Kong’s SFC Approves Hang Feng’s Expansion into Virtual Assets
- Hang Feng's subsidiary HFIAM secured Hong Kong SFC approval to offer virtual asset advisory and management services, expanding its licensed scope to include digital assets. - The upgraded licenses enable HFIAM to manage portfolios with over 10% virtual asset exposure and launch standalone crypto funds, aligning with Hong Kong's innovation-focused regulatory framework. - This strategic move positions Hang Feng to capitalize on institutional demand for digital assets while emphasizing compliance, transpare
Hang Feng Technology Innovation Co., Ltd. Expands into Virtual Asset Services
Hang Feng Technology Innovation Co., Ltd. (NASDAQ: FOFO) has made a notable advancement in the digital asset sector. Its subsidiary, Hang Feng International Asset Management Limited (HFIAM), has received approval from the Hong Kong Securities and Futures Commission (SFC) to provide advisory and management services related to virtual assets.
This regulatory approval, announced on November 28, 2025, enables HFIAM to broaden its existing Type 4 (Advising on Securities) and Type 9 (Asset Management) licenses to encompass virtual assets. As a result, the company is now positioned to serve professional investors in a dynamic and rapidly changing marketplace. This development is in line with Hong Kong’s forward-thinking regulatory approach, which fosters financial innovation while upholding strict compliance standards.
With these enhanced licenses, HFIAM is authorized to offer investment guidance on virtual assets and manage portfolios where digital assets make up more than 10% of the total value. The subsidiary is also permitted to launch dedicated virtual asset funds—an opportunity that was previously unavailable under SFC regulations. These new capabilities come with specific requirements, emphasizing transparency, prudent management, and investor protection, as highlighted by company leadership. The SFC’s decision reflects a careful yet encouraging stance on integrating digital assets into established financial systems, balancing innovation with effective risk management.
This milestone marks a strategic shift for Hang Feng, allowing the company to tap into the increasing institutional appetite for digital asset solutions. While Hang Feng has a strong background in corporate management consulting and asset management, this move into virtual assets represents a significant expansion of its business. By leveraging Hong Kong’s regulatory advantages, Hang Feng seeks to connect traditional finance with digital advancements, providing clients with structured solutions to navigate the evolving digital economy.
Since 2023, the company’s subsidiary, Starchain Investment Trading Limited, has played a key role in offering customized consulting services, including performance analysis and compliance support. The introduction of virtual asset services is expected to further enhance its offerings and drive additional revenue growth.
This regulatory milestone also reflects a broader industry trend, as more institutional participants enter the digital asset arena. As global markets increasingly accept cryptocurrencies and blockchain-based assets, companies like Hang Feng are preparing to deliver compliant, institutional-quality services. This trend mirrors recent developments in Europe, where KuCoin obtained a MiCA license in Austria, and in South Korea, where authorities are strengthening anti-money laundering measures for crypto transactions. Hong Kong’s proactive regulatory approach sets it apart as a leading hub in the Asia-Pacific region, where clear regulations are essential for market expansion.
Looking forward, Hang Feng has set out ambitious goals to grow its virtual asset offerings while maintaining a focus on responsible and sustainable business practices. The company plans to develop transparent, risk-controlled products tailored to professional investors, further establishing its reputation as a reliable asset management partner. Leadership has stressed that these upgraded licenses will not only diversify revenue streams but also reinforce Hang Feng’s influence in shaping the future of digital asset investment. As the financial industry continues to transform, Hang Feng’s close alignment with Hong Kong’s regulatory standards positions it at the forefront of a market where innovation and compliance go hand in hand.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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