CMB International, an investment banking arm of China Merchants Bank, has recently announced the launch of its virtual asset trading services for the top cryptocurrencies. With this initiative, the platform has become the first bank of Chinese-affiliated securities that can manage the regulatory-compliant transactions in Hong Kong. This advancement represents a significant milestone in linking traditional finance with digital assets. It aims to solidify Hong Kong’s vision of making itself a leading global hub of virtual assets.

CMB International’s initiative launched today, now supporting trading in Bitcoin ($BTC), Ethereum ($ETH), and Tether ($USDT). The mobile application of CMB International provides security and support around the clock. Investors are required to complete their verification processes, like Know Your Customer (KYC) and Anti-Money Laundering (AML), before users participate.

In this advancement, they follow the company’s upgraded licenses, such as Type 1 (Securities Dealing) and Type 7 (Automated Trading Services). These licenses were approved in July 2024 by the Hong Kong Securities and Futures Commission (SFC). The recently enacted Stablecoin Ordinance complies with the service, which strengthens CMB International’s commitment to investor security and regulation. 

The platform further blends its cutting-edge and advanced security measures like real-time risk monitoring, cold storage, and third-party audits. This initiative perfectly aligns with the Securities and Futures Commission (SFC)’s technical standards. The firm also partners with OKX Planet to secure liquidity and trading engine support. This supports a regulated, effortless, and high-demand performance.

In 2024, the assets under management went above 130 billion yuan. CMB International’s growing interest in virtual assets provides diversified allocation options to the high-net-worth clients. This incentive matches Hong Kong’s fintech strategy, which possesses SFC’s ASPI-Re initiative, ensuring an innovative and secure digital ecosystem. 

In the eyes of industry observers, this initiative can give rise to a chain reaction. Guotai Junan International and Tianfeng International, security firms like CMB International, have already started exploring similar services.

CMB International utilizes its brand trust, integrated account model, and compliance strength to become a leading force in Hong Kong’s competitive crypto landscape. Through this, the company is set to position itself as a trailblazer, fostering the bright future of digital finance while tokenizing real-world assets (RWA).

208 +