that.Hang Feng Technology Innovation Gains SFC Approval to Offer Virtual Asset Advisory and Management Services

HONG KONG, Nov. 28, 2025 /PRNewswire/ – Hang Feng Technology Innovation Co., Ltd. (NASDAQ: FOFO) announced that its wholly owned subsidiary, Hang Feng International Asset Management Limited (HFIAM), has received approval from the Hong Kong Securities and Futures Commission (SFC) to upgrade its Type 4 (securities advising) and Type 9 (asset management) licences to include virtual‑asset related advisory and portfolio‑management services.

The regulatory consent permits HFIAM, for professional investors only, to:

• Provide investment advice on virtual assets under the upgraded Type 4 licence, subject to the SFC’s specific terms for virtual‑asset advisory services.
• Manage portfolios with virtual‑asset exposure exceeding 10 % of gross asset value, as well as stand‑alone virtual‑asset funds, under the upgraded Type 9 licence, in line with the SFC’s framework for virtual‑asset portfolio managers.

This development is a key pillar of Hang Feng’s broader digital‑asset strategy. By operating within Hong Kong’s increasingly sophisticated regulatory regime, the company aims to capture growing institutional demand for compliant, secure exposure to cryptocurrencies, tokenised securities and other blockchain‑based assets.

Market context and strategic implications

Hong Kong has positioned itself as a gateway between mainland China and the global digital‑asset ecosystem. Recent SFC policy updates – including the “Virtual Asset Fund” regime introduced in 2023 and the “Virtual Asset Trading Platform” framework launched in 2024 – signal a clear intent to legitimize crypto‑related activities while maintaining robust investor‑protection standards. Hang Feng’s licence upgrade aligns it with a small but expanding cohort of SFC‑registered managers, giving it a first‑mover advantage in a market that is still largely dominated by traditional asset managers.

From a commercial perspective, the upgraded licences open several revenue streams:

• Advisory fees: Tailored virtual‑asset advisory for hedge funds, family offices and sovereign wealth funds seeking exposure without direct on‑chain custody.
• Management fees: Structured funds that blend crypto‑assets with traditional securities, enabling diversified, risk‑adjusted returns.
• Cross‑selling opportunities: Integration of virtual‑asset solutions with Hang Feng’s existing corporate consulting, risk‑management and governance services, creating a holistic financial‑technology offering.

Technologically, HFIAM will need to invest in secure custody solutions, real‑time on‑chain analytics and compliance automation. Partnerships with regulated custodians, blockchain analytics providers and cloud‑based security platforms are likely to become a strategic priority to meet the SFC’s stringent “fit‑and‑proper” and “risk‑management” requirements.

Competitive landscape

Peers such as Galaxy Digital, Grayscale and local players like OSL and Bithumb Global have already secured SFC licences for virtual‑asset services. Hang Feng’s differentiator lies in its integrated consulting arm, which can offer clients strategic guidance on digital‑asset integration within broader corporate initiatives—a value‑add that pure‑play crypto managers may lack.

Outlook

Management emphasized a commitment to SFC compliance, transparency and investor protection. With the upgraded licences, Hang Feng expects to accelerate its entry into the virtual‑asset market, broaden its product suite and drive sustainable, long‑term growth. The company projects that virtual‑asset advisory and management could contribute up to 15 % of total revenue by 2027, reflecting both market demand and the firm’s execution capabilities.

Hang Feng remains focused on bridging traditional finance with digital‑asset innovation responsibly and efficiently, positioning itself as a trusted partner for institutional investors navigating the evolving digital economy.

About Hang Feng Technology Innovation Co., Ltd.
Hang Feng Technology Innovation Co., Ltd. is a Hong Kong‑based firm that provides corporate management consulting and asset‑management services. Since 2023, its subsidiary Starchain Investment Trading Limited has delivered strategic growth advisory, performance‑management reporting, KPI consulting and regulatory‑compliance support. In 2024, the company expanded into structured asset‑management solutions designed for both corporate and individual capital portfolios.

Forward‑looking statements
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