AD Securities & Futures, a subsidiary of AD Financial Group, announced that it has received approval from the Hong Kong Securities and Futures Commission (SFC) to officially upgrade its Type 9 regulated activity (asset management) license. This breakthrough development makes the group one of the few licensed institutions in Hong Kong capable of providing both digital asset trading and digital asset management services under a compliant framework.
According to the SFC's latest guidelines, this license upgrade allows AD Securities & Futures to manage digital asset investment funds with portfolio allocations of up to 100% in digital assets, removing the previous restriction under the traditional framework where crypto assets could not exceed 10%.
A spokesperson for AD Financial Group stated that this license upgrade not only broadens the group's asset management business scope, extending from traditional portfolio and fund management to digital asset management, but also enables comprehensive response to clients' diversified needs. As the regulatory environment gradually improves, the group is confident in attracting more institutional investors and high-net-worth clients, consolidating its leading advantage in the fintech and digital financial services sectors.