Alchemy Pay upgrades Hong Kong license to include virtual asset trading, advancing stablecoin plans.

Alchemy Pay and HTF Securities secured an upgrade to their Hong Kong SFC Type 1 license, now covering virtual asset dealing services for both retail and professional investors. This follows a completed Type 4 license upgrade, with the Type 9 asset management license still under review. The upgrades strengthen Alchemy Pay's regulatory position, enabling it to expand services and launch a stablecoin and related ecosystem in Hong Kong. This milestone supports Alchemy Pay's broader strategy to bridge traditional finance and digital assets across Asia and other markets with strong regulatory frameworks.