Catenaa, Friday, April 11, 2025- Hong Kong Securities and Futures Commission (SFC) has granted approval for licensed crypto platforms and exchange-traded funds (ETFs) to offer staking services.
The development is part of Hong Kong’s broader strategy to become a global cryptocurrency hub.
In a statement released Monday, the SFC outlined regulatory guidelines for virtual asset trading platforms (VATPs) and crypto ETFs interested in providing staking services. The commission emphasized the growing demand for staking among investors, recognizing its potential to enhance blockchain security.
However, the SFC requires VATPs to seek prior approval before offering staking services, and ETFs must similarly secure consent to engage in such activities. The guidelines also include provisions for safeguarding clients’ staked assets and ensuring transparency regarding associated risks.
The move is part of Hong Kong’s crypto roadmap announced in February, which outlines initiatives like new token listings, margin trading, and staking. Hong Kong is intensifying its push to become a major cryptocurrency center amid rising global competition, particularly with the United States taking a pro-crypto stance under President Donald Trump.
Julia Leung, CEO of the SFC, stated that expanding regulated crypto services is essential for the continued growth of Hong Kong’s virtual asset ecosystem. However, she stressed that such expansion must occur within a regulated framework to ensure the protection of clients’ virtual assets.
