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Hong Kong SFC Says Licensed VATP Turnover Surpassed HKD 640 Billion

Hong Kong SFC chair Kelvin Wong said the city's 12 licensed virtual asset trading platforms recorded more than HKD 640 billion in 2025 turnover, with first-quarter 2026 trading volume nearly tripling year over year. The disclosure signals that Hong Kong's licensed VATP regime is moving from licensing build-out into measurable market scale.

High impact🇭🇰 Hong KongRegulationLicensingExchangeHKDSFCKelvin Wong

APAC FINSTAB analysis

For APAC operators, this creates a high-impact signal around regulation, licensing, exchange in Hong Kong. Protocols/assets in scope: HKD. Named institutions or platforms: SFC, Kelvin Wong. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

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High impact🇻🇳 VietnamRegulationTokenization
APAC FINSTAB analysis → Original source ↗

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Medium impact🌐 EUTaxationRegulationExchange
APAC FINSTAB analysis → Original source ↗

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High impact🇺🇸 United StatesLicensingCustodyRegulation
APAC FINSTAB analysis → Original source ↗