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Alchemy Pay and its investment subsidiary HTF Securities receive an upgrade to Type 1 license from the Hong Kong SFC
Mars Finance reports that crypto payment company Alchemy Pay announced that its Hong Kong strategic investment target, HTF Securities Limited, has received approval from the Hong Kong Securities and Futures Commission (SFC) to upgrade its Type 1 (Securities Trading) license to include virtual asset trading services, covering both professional and retail investors. Previously, the two parties had jointly completed the upgrade of the Type 4 license to VA and are currently working on the application for the Type 9 license upgrade, gradually building a virtual asset licensing system in Hong Kong. Additionally, Alchemy Pay’s stablecoin payment public chain, Alchemy Chain, went live with a testnet in March this year. Since launch, the test address count has exceeded 150,000, providing foundational support for its stablecoin payment ecosystem.