On December 4, Victory Securities (08540) and EMC Labs announced that Victory EMC BTC Cycle Fund, a compliant Bitcoin fund jointly launched by the two parties, has been approved by the Hong Kong Securities Regulatory Commission to enter the market.
The Zhitong Finance app learned that on December 4, Victory Securities (08540) and EMC Labs announced that the two parties jointly launched the Victory EMC BTC Cycle Fund, a compliant Bitcoin fund, has been approved by the Hong Kong Securities Regulatory Commission to enter the market. According to reports, the fund targets qualified professional investors and actively allocates Bitcoin in a cyclical manner based on data mining and industry research. At the same time, this is currently the only virtual asset fund in Hong Kong that has received approval from the Securities Regulatory Commission and can accept stablecoin subscriptions. Chen Peiquan, executive director of Victory Securities, said that Victory EMC BTC Cycle Fund will be able to accept deposits in US dollars, USDC or USDT.
The two partners believe that Bitcoin is facing the quadruple bottom benefits of mainstream virtual asset spot ETFs, the fourth halving, the end of the US interest rate hike cycle, and the restructuring of the global political and economic landscape. A compliant Bitcoin fund introducing an active strategy at this time will hopefully help investors obtain substantial investment returns over the next 10 years or even longer.
Prior to this cooperation, Shengli Securities and EMC Labs announced the signing of a memorandum of understanding on November 8, 2023. They plan to use the strengths of both parties to include compliance, data mining, and cycle judgment capabilities, hoping to provide investors with Bitcoin fund products based on the overall goals and requirements of the compliance system in the future.
According to information, Victory Securities, which has been established for more than 50 years, has performed well in the field of virtual assets, making it the first licensed corporation in Hong Kong to be granted a license for virtual asset trading, consulting, and asset management services at the same time by the Securities Regulatory Commission. In addition, Victory Securities also has the license management of the Securities Regulatory Commission, including up to 100% of virtual asset investment funds, and the Hong Kong Association's license management to invest in virtual asset funds, further consolidating Shengli Securities's leading position in the field of virtual assets.
EMC Labs is a virtual asset investment agency registered in Cayman. It was co-founded by cryptoasset investors and data scientists. The core team includes companies such as JD, Bell Labs, Wave Field, and Mars Finance (Marsbit). Since its inception, EMC Labs has invested a lot of resources in data mining and index compilation on the BTC network chain.