Alchemy Pay, a popular cryptocurrency payment entity, has officially obtained an upgrade to an SFC Type 1 license for cryptocurrency services in Hong Kong. This development will enable Alchemy Pay to expand digital asset payments across Hong Kong in partnership with HTF Securities Limited.
According to Alchemy Pay’s official social media announcement, the move will expand its regulated cryptocurrency-specific services to both professional and retail investors. This move therefore strengthens Alchemy Pay’s long-term commitment to innovation, compliance, and connecting digital assets to traditional finance.
Alchemy Pay expands crypto services across Hong Kong with new SFC Type 1 license
Alchemy Pay’s new SFT Type 1 license upgrade expands its digital asset-related services in Hong Kong. In this regard, this license allows companies to focus on securities through activities such as acquisition, underwriting, enabling over-the-counter trading, and disposal. The new upgrade enables the platform to legally conduct the transfer of a variety of virtual assets that are classified as securities under the SFC’s compliance framework.
The upgrade highlights Alchemy Pay’s broader regulatory strategy for steady expansion across Hong Kong, a major financial hub. By adhering to rigorous regulatory benchmarks, the company provides a trusted gateway between rapidly evolving web networks and traditional financial systems. Furthermore, the integration of virtual asset services means greater regulatory clarity in Hong Kong’s cryptocurrency sector.
Aims to introduce a complete regulatory framework with Type 9 licenses
Alchemy Pay plans to leverage this breakthrough development to expand its services, including the development of the Alchemy Chain payment network and stablecoin initiative. The company is also looking to obtain an asset management (Type 9) license upgrade. This, together with the Type 4 and Type 1 licenses, will provide a complete framework for financial services in Hong Kong.
Alchemy Pay says the move will foster innovation that adheres to organizational compliance structures. The company also plans to announce its proprietary development at the upcoming Hong Kong Web3 Festival 2026. Ultimately, Alchemy Pay’s expanded regulatory reach means a commitment to expand across Asia as well as across Asia.
