Alchemy Pay Invests in HTF to Build Compliant Crypto-Finance Bridge in Hong Kong

Alchemy Pay, a prominent fiat-crypto payment platform, has announced an exclusive investment in HTF Securities Limited, a Hong Kong-based entity regulated under the country’s Securities and Futures Commission (SFC). As per Alchemy Pay, it has invested in HTF Securities Limited via its corporate entities. The platform revealed the details of this endeavor in a recent social media post shared on its official X account.

Alchemy Pay Invests in HTF Securities Limited to Bolster Expansion Plan

Alchemy Pay’s investment in HTF Securities Limited is crucial as the platform holds Type 1, Type 4, and Type 9 licenses provided by the Hong Kong Securities and Futures Commission. The Type 1 license permits the platform to deal with securities. In addition to this, the Type 4 license allows advising on securities. Along with that, the Type 9 license focuses on the provision of the asset management services.

Apart from that, HTF Securities Limited also boasts approximately a 2-decade-long experience in the capital markets of Hong Kong. Hence, the platform pays notable attention to in-depth investment services and research in secondary and primary markets. Along with that, it also provides users with a complete suite of diverse services, including advisory, brokerage, funds, bonds, and equities. Similarly, it also offers the services dealing with fund and portfolio management.

Additionally, the Type 1,4, and 9 licenses collectively serve as a foundational trio dealing with complete spectrum of offerings comprising financial services. They encompass the key operations regarding asset management, investment advisory, and securities trading. These licenses denote a versatile and comprehensive group of permissions for financial services available in the regulatory landscape of Hong Kong. Based on its all-encompassing functionality, top industry players like HashKey Group have effectively adopted it.

Driving Expansion to Establish Robust Crypto Ecosystem

According to Alchemy Pay, its strategic investment in HTF Securities Limited marks a landmark in its wider Asia-Pacific expansion plan. This also highlights Alchemy Pay’s commitment to establishing a robust crypto ecosystem via a compliance-focused approach. Previously, the firm announced the acquisition of ten Money Transmitter Licenses (MTLs) in the United States, substantially increasing the firm’s legal payment abilities.

Moreover, the company also intends to partner with HTF Securities Limited to enhance crypto compliance initiatives via the Type 1,4, and 9 licenses’ upgrade.