Compliance-Driven Partnership
In order to make virtual asset fund products for investors, Victory Securities is working together with Virtual Seed Global (VSG). In accordance with a statement posted on Media OutReach Newswire, Victory Securities and VSG agreed to create these products; they have also signed an MoU on this matter.
“The team-up is aimed at getting the most out of both organizations’ strengths. To do this the companies use Victory Securities’ compliance know-how as well as VSG’s data collection methods together with industry research strengths, which enable them to meet the increasing demand for digital assets among investors.”
Is There Potential in the Virtual Asset Industry?
Victory Securities Executive Director Kennix Chan says, “We’ve noticed that our clients have increasingly high demands for investments in various asset categories.”
“As the virtual asset industry is rapidly developing globally, we are actively working with professional virtual asset organizations like VSG to create compliant products to help our clients capitalize on market opportunities,” stated Chan.
In essence, the two companies will be able to complement and cooperate on a lot of things within the fintech industry for better quality financial services as depicted in the statement made earlier.
“With our unique virtual asset strategies and track record, we unlock more potential for the virtual asset industry and establish cooperation with Victory Securities on market expansion and related product services in the future,” said VSG founder Jacky Wang.
Also Read: Zimbabwe In Talks With Crypto Firm On Virtual Asset Regulation
Stablecoin Services Introduced on VictoryX App
Victory Security disclosed on its horizon to present an opportunity for it to offer inbound and outbound stablecoin brokerage facilities to experts targeting Tether (USDT) and USD Coin (USDC) by June 12.
Provided on the VictoryX App, the services have already been introduced. Victory Securities had earlier on introduced Bitcoin (BTC) and Ethereum (ETH) commerce for fund managers, merging both operations onto a single platform. In the past, Victory Securities allowed the trading of Bitcoin (BTC) and Ethereum (ETH) for the common man, launching them all at once on such a platform.
The said brokerage was the most upfront to have been granted those which were necessary for virtual assets’ operations licenses concerning itself with Hong Kong such as Type 1 with regards to Virtual Asset Trading or Type 4 suggesting that Virtual Asset Advisory Services could be offered here among others being Type 9 for the provision of Virtual Asset Management Services.
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