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LTP, an institutional prime brokerage firm, announced that its subsidiary LiquidityTech Limited (LTP HK) acquired five types of HK SFC licenses.

The newly acquired licenses will allow LTP HK to deal in securities and futures contracts, advise on securities and futures contracts, and manage assets.

LTP HK became the first prime brokerage focused on virtual assets to secure a comprehensive suite of HK SFC licenses.

LTP announced today that its subsidiary LTP HK had secured types 1, 2, 4, 5, and 9 licenses from the Hong Kong Securities and Futures Commission (HK SFC). LTP HK became the first prime brokerage to deal in securities and futures contracts, advise on securities and futures contracts, and manage assets.

LTP disclosed that LTP HK was now licensed to offer a range of financial services to institutional clients, including proprietary trading firms, hedge funds, asset managers, and corporate investors. According to LTP, the regulatory achievement solidified LTP HK’s credibility and leadership within the dynamic financial services landscape.

Jack Young, the founder and CEO of LTP, said regulatory compliance was the ‘fundamental pillar’ of the firm’s institutional prime brokerage services. He added that LTP was committed to serving institutional clients who demanded secure high-performance trading infrastructure. 

LTP HK increases its financial service offerings with new HK SFC licenses 

LTP announced that its Hong Kong subsidiary, LTP HK, had gained approval for a type 1 HK SFC license, which allowed the company to deal in securities. LTP HK also received type 2 licensing, allowing it to deal in futures contracts. Types 4 and 5 licenses authorized LTP HK to advise on securities and futures contracts, respectively. The type 9 SFC license allowed LTP HK to engage in regulated asset management. 

HK SFC recently announced its swift licensing process and revamped the second phase of its assessment of virtual asset trading platforms (VATPs). The agency disclosed that its proactive engagement and enhanced communication with VATPs to provide direct and effective guidance on its expected regulatory standards were key to the swift licensing process. 

LTP stated that the LTP HK’s approvals from the HK SFC aligned with the company’s commitment to regulatory compliance, institutional-grade services offering, and investor protection. 

“This regulatory milestone marks a strategic leap forward in our mission to bridge traditional finance with digital asset innovation.”

-Ethan Wang, CEO of LiquidityTech Limited (LTP HK)

Wang added that LTP HK was set to empower institutions with compliant customer-protected solutions that drove growth in evolving markets as Hong Kong cemented ‘its role as a global hub for financial innovation.’ The HK SFC had earlier identified various deficiencies and substandard conduct during the course of its supervision of licensed corporations engaged in asset management.

Hong Kong SFC streamlines licenses for virtual asset managers

The HK SFC recently published a circular detailing a new streamlined licensing process that now applies to all new applicants for a virtual asset trading platform (VATP) license. The single external assessment conducted after the applicant had implemented all its internal systems and controls replaced the two-phased external assessment previously required.

Previously, applicants for virtual asset trading platform licenses–under the HK SFC’s Scope of External Assessment Reports published in June 2023–were required to engage an external assessor to submit two assessment reports to the SFC. The phase 1 report was submitted with the license application, and the effectiveness of the design of the license applicant’s proposed policies was assessed. The phase 2 report was submitted by an external assessor after the SFC granted approval-in-principle of the virtual asset trading platform license application and assessed the effectiveness of the policies, procedures, and the systems and controls actually implemented. External assessors are required to submit only one assessment report under the new streamlined licensing process.

HK SFC confirmed that assessment was required to ensure that a VATP applicant’s systems and controls, policies, and procedures were suitably designed and implemented to meet the requirements of the SFC’s VATP and AML/CFT guidelines. The circular contained no details of the required terms of reference, scope, and specific areas to be covered by the single assessment report. According to the HK SFC, these details were available in the now defunct Scope of External Assessment Reports.

$BTC If it can close above 94,800 with the candle body on the 4H chart and enter the gray box range, 96,695 and 98,563 can be targeted respectively.

As long as it remains below the green box, 91,230 the liquidation at the pin of the wick in last the big decline will be the target.

Now I will talk about an important outlook and possibility with a slightly longer term target on the daily chart.

In my last $BTC analysis, I wrote the quoted comment and mentioned some possibilities. Since there are those who are wondering what might happen in the future, I wanted to share an important possibility.

I said that the important area on the daily chart is the green box and that there was a step shift in the last wicks (from left to right, I marked the swept liquidations).

Since the part I marked at the left (garbage liquidation pool) is already an inefficient open liquidation block in terms of price action, if this is broken directly, we can expect to fill the imbalance blocks below immediately.

If a wick is formed below the last wick and the liquidation of the previous wick tip level is swept, a new Lower Low (LL) will be formed;

and...

👉 If it gets support from the green box again and starts to rise (as I showed with the blue arrow number 1) the red box above will play a very critical role.

Because when it started to fall from the top (last ATH), the only daily liquidation level that remains open is here and the red box stands as an untested bearish order block at this liquidation level.

👉 If this is broken and a daily close is made with the candle body above the level I indicated with the dashed yellow line and a new ATH is made, we can say that this three-month accumulation has ended and the new uptrend has started (as I showed with the green arrow number 2).

👉 However, if it sweeps the liquidation above the red box and candle remains as a wick above the red box and candle body closes below it, daily decline is confirmed, this time the possibility of a deeper decline to 77,200 and perhaps even below it comes on the table technically (as I have shown with the red arrow number 3), and this would be a sign that the current boring days will become even more depressing and will be prolonged.

If such a scenario were to occur, it would be critical that you carefully observe the movements around the red box and plan your positions!

Stay committed to the journey, and the results will follow.

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