Hong Kong SFC allows licensed crypto firms to provide staking services

Hong Kong financial authorities have officially enabled cryptographic companies to provide customer -to -use services. However, they must respect the guidelines to protect users against associated risks.

According to a notice published by the Commission of securities On April 7, cryptographic companies operating in the region that have a virtual active trading platform license can offer cleansing services. However, they must take the necessary measures to protect customers and fully disclose the potential risks associated with the implementation of virtual assets.

Staking Allows customers to generate a return via their cryptographic holdings. This is done by “enclosing” the cryptographic asset for a certain period of time and by accumulating interest. The platforms generally offer this functionality via a consensus mechanism for proof of implementation which generates yields and distributes it to investors.

Before companies can start offering staggered services in their suite of Hong Kong products, they must first receive formal approval from the SFC. PRETIVE written approval will include specific requirements that cryptographic platforms must follow before you can start providing stimulation services.

The SFC said that it had adjusted its circular framework on virtual asset funds to facilitate the development. One of the requirements forces companies to associate only with license VATP and authorized institutes for the implementation of cryptographic assets.

Hong Kong regulators aim to prioritize the cryptographic industry

The CEO of the SFC, Julia Leung, said that expanding their virtual asset directives to accommodate products to stand up for cryptography is an important element in the encouragement of growth within the Hong Kong digital asset ecosystem.

“But the enlargement must be done in a regulated environment where the safety of virtual assets of the customer continues to be at the center of the compliance framework to offer such a service,” said Leung in his declaration.

Hong Kong regulators have taken regulatory measures to accelerate the growth of their cryptographic industry. At the end of 2024, the region was critical For its slow movement license process, delay in other Asian countries such as Singapore.

Earlier in the day during the Hong Kong Web3 Festival 2025, the Hong Kong government announcement that he would soon launch a stable legislation alongside licenses for on the counter transactions and police custody companies. In addition, it also aims to allow a license spot ETF To provide clearing services.