DL Holdings’ Unit Wins SFC Nod for Virtual Asset Dealing Under Type 1 Licence

The latest announcement is out from DL Holdings Group Limited ( (HK:1709) ).

DL Holdings Group Limited has announced that its 70%-owned subsidiary, DL Securities (Hong Kong) Limited, has received conditional approval from Hong Kong’s Securities and Futures Commission to provide virtual asset dealing services under an omnibus account arrangement via its existing Type 1 (dealing in securities) licence. Under the SFC’s conditions, DL Securities must route these virtual asset transactions through an SFC-licensed platform, comply with the regulator’s specific terms and conditions for omnibus virtual asset dealing, and limit such services to professional investors who are already its Type 1 securities clients, with the firm set to commence operations once formal approval is granted and continuing to pursue an uplift of its Type 4 (advising on securities) licence, signalling a strategic expansion into regulated virtual asset services that could strengthen its position in Hong Kong’s evolving digital finance landscape while highlighting regulatory and suitability safeguards for investors.

The most recent analyst rating on (HK:1709) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.

More about DL Holdings Group Limited

DL Holdings Group Limited is a Hong Kong-based financial services group incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange. Through subsidiaries such as DL Securities (Hong Kong) Limited, in which it holds a 70% stake, the Group engages in regulated securities activities, including dealing in securities under a Type 1 licence, with a client base that includes professional investors in the Hong Kong market.

Average Trading Volume: 56,905,170

Technical Sentiment Signal: Sell

Current Market Cap: HK$3.77B

For a thorough assessment of 1709 stock, go to TipRanks’ Stock Analysis page.