Future FinTech (US:FTFT) 智通财经网·2025-08-11 11:05Core Viewpoint - The company, FTFT, is taking significant steps to expand its financial services by applying for a Virtual Asset Service Provider (VASP) license in Hong Kong, which will allow it to operate in the emerging virtual asset market [1][2][3] Group 1: Company Actions - FTFT's wholly-owned subsidiary, FTFT International Securities Limited, has signed an agreement with a compliance consultant to apply for the VASP license and a 9th asset management license [1] - The application aims to cover both traditional and virtual asset management services, indicating a strategic move to diversify offerings [1][2] - The company has established a dedicated team to prepare the application materials and is collaborating closely with legal and compliance advisors to ensure a smooth application process [2] Group 2: Market Context - The global virtual asset market is rapidly growing, and FTFT recognizes the potential and opportunities within this sector [2] - Hong Kong's status as an international financial center with a robust regulatory framework is conducive to the development of virtual assets [2] - The successful acquisition of the VASP license will enhance FTFT's market competitiveness and industry influence, providing clients with more diverse investment options [2] Group 3: Leadership Perspective - The CEO of FTFT, Li Hu, emphasized that the application for the VASP license is a strategic move for the company's development and reflects Hong Kong's proactive approach to virtual asset regulation [3] - The company aims to leverage its traditional financial strengths to create a unique virtual asset service platform while maintaining a strong focus on risk management and compliance [3] - FTFT is committed to contributing to the healthy development of Hong Kong's virtual asset market through innovation and improved service quality [3]