January 07, 2026
By Our Correspondent
DL Securities (Hong Kong) Ltd. has received conditional approval from the city’s Securities and Futures Commission to offer virtual-asset trading, marking its entry into Hong Kong’s tightly regulated cryptocurrency market.
The brokerage, a unit of DL Holdings Ltd. (1709 HK), agreed to regulatory requirements to expand its Type 1 securities dealing license to include virtual assets as of Dec. 29, 2025, the company said Monday. Trading will begin once final approval is granted by the SFC.
DL Securities plans to open omnibus accounts with OSL Group, a licensed virtual-asset trading platform, enabling the firm to provide execution services — including crypto trading and fiat-to-crypto conversions — to professional investors.
Ahead of the license upgrade, DL has already built exposure to digital assets and tokenized real-world assets. The firm has completed tokenization plans for its HK$312 million equity stake in the ONE Carmel luxury real estate project in the U.S., and has tokenized HK$60 million of its HK$500 million DL Tower property in Hong Kong’s Central district.
The group has also outlined an HK$800 million digital-asset investment pipeline, including HK$560 million allocated to computing power and HK$240 million to tokenized gold assets. DL operates nearly 10,000 mining rigs, producing about two bitcoins per day.
Following the license expansion, DL Securities plans to offer compliant trading services in Bitcoin, Ethereum, and proprietary real estate and equity-linked tokenized products to professional and institutional investors.
“The license is a key — it opens the door for us to provide compliant services to investors globally,” said Andy Chen, chairman and chief executive officer of DL Holdings.
With the approval, DL Securities becomes one of a small group of Hong Kong financial institutions holding licenses for both traditional securities and virtual assets. The firm is also undergoing final regulatory review for an upgrade to its Type 4 license, which would allow it to provide securities advisory services.
