Hong Kong’s Eddid Financial has announced that its subsidiary, Eddid Securities and Futures, has received approval from the Hong Kong Securities and Futures Commission (SFC) to offer digital asset coin in/out services.
The approval marks an expansion of the Group’s activities in the digital asset sector, reinforcing its focus on compliance, risk management, and technology.
The move is expected to support the Group’s plans in digital asset trading, including future offerings such as stablecoins and real world asset (RWA) products.
Eddid Financial’s trading application, Eddid ONE, will be updated to enable direct deposits and withdrawals of digital assets.
Supported tokens will include Bitcoin (BTC), Ether (ETH), USD Coin (USDC), Tether (USDT), and USDT-TRC.
The feature aims to provide a more streamlined process for investors to manage crypto transactions without relying on external virtual asset wallets or private keys.
Ricky Yeung, Head of Virtual Asset at Eddid Financial, said:
“Digital assets are becoming a core pillar of modern portfolio strategies. This approval reflects the regulator’s recognition of the Group’s compliance and operational framework. It also addresses investors’ growing demand for liquidity and flexibility.”
He added that the Group would continue to expand its digital asset services, aiming to provide broader and more secure financial solutions through its global fintech platform.
Featured image credit: Edited by Fintech News Hong Kong, based on image by Freepik