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crypto.news 2025-02-18 18:53:41

LTP becomes first licensed virtual asset prime brokerage in Hong Kong

LTP has obtained five key licenses from the Hong Kong Securities and Futures Commission, positioning itself as a regulated leader in the industry. The licenses , granted to its Hong Kong subsidiary LiquidityTech Limited, cover a broad range of regulated activities. With these approvals, LTP HK becomes the first virtual asset-focused prime brokerage licensed across multiple regulated activities. The licenses allow the firm to serve institutional clients, including proprietary trading firms, hedge funds, asset managers, and corporate investors. “Regulatory compliance is a fundamental pillar of our institutional prime brokerage services,” said Jack Yang, founder and CEO of LTP. “Being the first virtual asset-focused prime brokerage to secure a comprehensive suite of SFC licenses underscores our commitment to providing secure, high-performance trading infrastructure.” You might also like: Bitcoin dips below $95k as odds of U.S. strategic reserve drop Different types of licenses These include the Type 1 license for dealing in securities , which allows the firm to facilitate the buying and selling of financial instruments on behalf of its clients. Additionally, LTP HK has secured the Type 2 license for dealing in futures contracts. This authorization enables the firm to engage in transactions involving agreements to buy or sell assets at predetermined future dates, providing clients with opportunities for risk management and speculative strategies. The Type 4 license, which pertains to advising on securities, allows LTP HK to offer tailored investment advice to clients seeking to optimize their portfolios. Coupled with the Type 5 license for advising on futures contracts, the firm can now deliver comprehensive guidance across both traditional and virtual asset classes. Finally, the firm has obtained the Type 9 license for asset management. This license empowers LTP HK to manage investment portfolios on behalf of clients, with a focus on achieving specified financial objectives through strategic allocation of resources. You might also like: FTX estate starts $13b repayment process, prioritizing small claims

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