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Eddid Financial has secured regulatory approval from the Hong Kong Securities and Futures Commission (SFC) to launch virtual asset coin in/out services through its subsidiary, Eddid Securities and Futures.
The approval enables the group to expand its digital asset operations and strengthens its position in Hong Kong's growing virtual asset sector. The move comes as institutional and retail demand for cryptocurrency services continues to rise in the region.
The company's flagship trading application, Eddid ONE, will be upgraded to support direct cryptocurrency deposits and withdrawals. The platform will handle Bitcoin (BTC), Ether (ETH), USD Coin (USDC), Tether (USDT), and USDT-TRC tokens.
The service aims to eliminate the complexity of managing virtual asset wallets and private keys for investors, providing what the company describes as a streamlined entry point into the virtual asset market.
Dr Ricky Yeung, Head of Virtual Asset at Eddid Financial
Dr Ricky Yeung, Head of Virtual Asset at Eddid Financial, commented: "Digital assets are becoming a core pillar of modern portfolio strategies. This approval reflects the regulator's recognition of the Group's compliance and operational framework. It also addresses investors' growing demand for liquidity and flexibility. Leveraging its global fintech platform, the Group will continue to enhance its digital asset offerings, delivering more comprehensive, efficient, and secure financial solutions to help clients thrive in the digital economy."
The SFC approval covers digital asset coin in/out services, which typically involve the conversion between fiat currencies and cryptocurrencies. This regulatory clearance positions Eddid Financial to compete with other licensed virtual asset service providers in Hong Kong.
The company indicated that the approval provides a foundation for future developments in digital asset trading, including potential distribution of stablecoins and real-world asset (RWA) products.
Hong Kong has been developing its regulatory framework for virtual assets as part of broader efforts to establish itself as a digital asset hub in Asia.
