{"id":29142,"date":"2025-07-31T06:16:38","date_gmt":"2025-07-31T06:16:38","guid":{"rendered":"https:\/\/www.hotelsalepage.com\/feed\/cision-pr-newswire\/eddid-financial-granted-sfc-approval-to-upgrade-in-kind-subscription-redemption-mechanism-for-digital-asset-spot-etfs\/"},"modified":"2025-07-31T06:16:38","modified_gmt":"2025-07-31T06:16:38","slug":"eddid-financial-granted-sfc-approval-to-upgrade-in-kind-subscription-redemption-mechanism-for-digital-asset-spot-etfs","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=29142","title":{"rendered":"Eddid Financial Granted SFC Approval to Upgrade In-Kind Subscription\/Redemption Mechanism for Digital Asset spot ETFs"},"content":{"rendered":"

HONG KONG<\/span><\/span>, July 30, 2025<\/span><\/span> \/PRNewswire\/ — Eddid Financial <\/a>(“the Group”) announced that its subsidiary, Eddid Securities and Futures(“ESFL”),\u00a0has received approval from the Securities and Futures Commission of Hong Kong\u00a0(“SFC”) to upgrade its in-kind subscription and redemption mechanism\u00a0for\u00a0digital asset\u00a0spot\u00a0ETFs. This enhancement allows clients to directly subscribe to or redeem Bitcoin and Ether spot ETFs using cryptocurrencies via their Eddid ONE Virtual Asset Account. Without the need to create a separate virtual asset trading platform account, operational efficiency and user experience\u00a0are significantly enhanced.<\/p>\n

The Group’s bespoke\u00a0virtual asset account system\u00a0will be seamlessly\u00a0integrated with the SFC’s robust regulatory framework, enabling\u00a0investors to conveniently transact\u00a0relevant ETFs using cryptos. This upgrade\u00a0substantially improves\u00a0market flexibility and liquidity. The Group\u00a0also\u00a0offers\u00a0margin financing services for virtual asset spot ETFs, allowing\u00a0clients to leverage their ETF holdings to pursue\u00a0investment strategies\u00a0with greater agility.<\/p>\n

ESFL\u00a0was\u00a0one of\u00a0the first brokerages to receive a license\u00a0uplift\u00a0from the SFC in September 2023<\/span>. Last year,\u00a0it strengthened its position\u00a0as a participating broker in\u00a0Asia’s first Bitcoin spot ETFs\u00a0and the\u00a0world’s first Ethereum spot ETFs, while continuing to pioneer\u00a0innovative\u00a0tokenized Real-World Assets (RWA)\u00a0solutions. With the rapid growing\u00a0virtual asset market in Hong Kong<\/span>, this upgrade is expected to deliver significant value to the market. The Group remains committed to driving Hong Kong’s<\/span> evolution into a\u00a0global hub for virtual asset finance, driven by its dual engines of\u00a0innovation and compliance.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

HONG KONG<\/span><\/span>, July 30, 2025<\/span><\/span> \/PRNewswire\/ — Eddid Financial <\/a>(“the Group”) announced that its subsidiary, Eddid Securities and Futures(“ESFL”),\u00a0has received approval from the Securities and Futures Commission of Hong Kong\u00a0(“SFC”) to upgrade its in-kind subscription and redemption mechanism\u00a0for\u00a0digital asset\u00a0spot\u00a0ETFs. This enhancement allows clients to directly subscribe to or redeem Bitcoin and Ether spot ETFs using cryptocurrencies via their Eddid ONE Virtual Asset Account. Without the need to create a separate virtual asset trading platform account, operational efficiency and user experience\u00a0are significantly enhanced.<\/p>\n

The Group’s bespoke\u00a0virtual asset account system\u00a0will be seamlessly\u00a0integrated with the SFC’s robust regulatory framework, enabling\u00a0investors to conveniently transact\u00a0relevant ETFs using cryptos. This upgrade\u00a0substantially improves\u00a0market flexibility and liquidity. The Group\u00a0also\u00a0offers\u00a0margin financing services for virtual asset spot ETFs, allowing\u00a0clients to leverage their ETF holdings to pursue\u00a0investment strategies\u00a0with greater agility.<\/p>\n

ESFL\u00a0was\u00a0one of\u00a0the first brokerages to receive a license\u00a0uplift\u00a0from the SFC in September 2023<\/span>. Last year,\u00a0it strengthened its position\u00a0as a participating broker in\u00a0Asia’s first Bitcoin spot ETFs\u00a0and the\u00a0world’s first Ethereum spot ETFs, while continuing to pioneer\u00a0innovative\u00a0tokenized Real-World Assets (RWA)\u00a0solutions. With the rapid growing\u00a0virtual asset market in Hong Kong<\/span>, this upgrade is expected to deliver significant value to the market. The Group remains committed to driving Hong Kong’s<\/span> evolution into a\u00a0global hub for virtual asset finance, driven by its dual engines of\u00a0innovation and compliance.<\/p>\n

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