Alchemy Pay, in partnership with Hong Kong's HTF Securities Limited, has successfully upgraded its Securities and Futures Commission (SFC) Type 1 license. The regulatory milestone, announced via Alchemy Pay's official channels on March 26, 2026, expands the firm's authorization to include dealing in securities, specifically encompassing virtual asset trading services for both retail and professional investors.
The license upgrade deepens the regulated footprint of both Alchemy Pay and HTF Securities in Hong Kong's financial market. It strengthens the bridge between traditional financial permissions and digital asset activity, providing a broader base for compliant market access. This development follows Alchemy Pay's earlier success in securing a Type 4 license (advice on securities) in collaboration with HTF Securities.
The move establishes a primary trio of licenses for the partnership: the newly upgraded Type 1, the existing Type 4, and a pending Type 9 license, which would allow for asset management. Together, these form a comprehensive financial services spectrum under Hong Kong's SFC licensing regime.
Alchemy Pay frames this achievement as a key success demonstrating its long-term commitment to Hong Kong's financial sector. The company aims to assist in shaping an innovative and secure environment for digital assets and stablecoins in line with the city's advancing regulatory framework. The next focal point for market participants is how quickly the partnership will translate this broader regulatory authorization into live product and service rollout.
