Hassan Maishera
On Thursday, the Alchemy Pay team announced via a blog post that it has successfully uplifted HTF Securities Limited’s Type 4 (Advising on Securities) License to include Virtual Asset Advisory Services. It achieved this in collaboration with HTF Securities Limited, a licensed corporation regulated by the Hong Kong Securities and Futures Commission (SFC).
The updated license authorizes HTF Securities (Central No.: BNO909) to provide regulated advisory services related to virtual assets to both institutional and retail clients.
The Type 4 license upgrade represents the first phase of Alchemy Pay and HTF Group’s broader plan to extend their regulatory permissions to include Virtual Asset Dealing and Management Services under Types 1 and 9.
Alchemy Pay is a payment system focused on retail transactions at the point of sale and peer-to-peer remittance. Users can make payments using fiat, stablecoins, and other cryptocurrencies on traditional payment systems. Alchemy Pay’s ACH token is down 4.6% in the last 24 hours and trades at $0.007826.
