LTP becomes the first licensed virtual assets of Prime Minister in Hong Kong

LTP received five key permits from the Hong Kong Securities and Futures Commission, positioning as a regulated leader in the industry.

The licenseApproved to its Hong Kong subsidiaries, limited, cover a wide range of regulated activities.

With these approvals of LTP HK, it becomes the first premiere mediation of a virtual asset that is directed at multiple activities. Licenses allow the company to serve institutional clients, including ownership companies, hedge funds, property managers and corporate investors.

“Prescribing regulation is the basic pillar of our institutional basic services,” Jack Yang, the founder and executive director of LTP said. “Since the first favorite investigation that is focused on the insurance of the SFC Licensee is underlined by our commitment to providing secure, high-performance trading infrastructure.”

Different types of licenses

They include type 1 license for Dealing in securitiesWhich allows the company to facilitate the purchase and sale of financial instruments on behalf of its clients.

In addition, LTP HK provided a type 2 license to deal with the future contracts. This authorization allows the company to include transactions involving purchase or sale agreements on pre-determined future dates, providing customers to risk management and speculative strategies.

Type 4 license, relating to advising on securities, allows LTP HK to offer custom investment advice to customers who want to optimize their portfolios. In combination with type 5 license for fusion contracts, the company can now provide comprehensive guidelines through traditional and virtual classes.

Finally, the company received a Permit of Type 9 for property management. This license provides LTP HK to manage the investment portfolio on behalf of clients, with a focus on achieving certain financial goals by strategic resource distribution.