According to WuShuo, Mulan Investment Management Co., Ltd. (Mulana IM) announced that the Hong Kong Securities and Futures Commission (SFC) has officially approved the company's application for Type 5 license on July 2, 2024.

With the approval of the new license, Mulan Asset Management said it has become the first and only financial institution in Hong Kong to hold licenses No. 1, 4, 5 and 9 and focus on providing virtual asset products and services.

The addition of the new license enables Mulan Asset Management to provide professional consulting services covering virtual asset spot and futures products.