Wavebridge Collaborates with Hong Kong's Victory Securities to Expand Global Virtual Asset Business

Wavebridge, a virtual asset (cryptocurrency) prime brokerage service company, announced on the 9th that it has entered into a strategic partnership with Hong Kong's Victory Securities for cooperation in the virtual asset business.

The two companies signed a memorandum of understanding (MOU) focusing on the development of virtual asset structured products and business cooperation in the Korean and Hong Kong markets. Under this agreement, Wavebridge will be responsible for consulting and research for the launch of virtual asset structured products in the Hong Kong financial market by Victory Securities.

Wavebridge, which completed the registration as a Virtual Asset Service Provider (VASP) in Korea in 2024, plans to use this as a foundation to expand its business in accordance with regulations in each country. Recently, Wavebridge launched the virtual asset investment platform 'Dolfin' based on its technology to serve as a Prime Broker in preparation for the phased entry of domestic corporations and institutions into the virtual asset market.

Victory Securities, a traditional financial company with a Hong Kong securities and futures operation license, is expanding its business scope to include virtual asset trading, structured products, advisory, and portfolio management services in addition to its existing financial services.

Oh Jong-wook, CEO of Wavebridge, stated, "This partnership will be an important milestone in Wavebridge's global expansion strategy," adding, "We will contribute to the development of the domestic market based on the know-how gained from experiences in the digital asset financial markets of the U.S., Europe, and now Hong Kong."