Eddid Financial has received approval from Hong Kong’s Securities and Futures Commission (SFC) to upgrade its in-kind subscription and redemption mechanism for digital asset spot exchange-traded funds (ETFs), in a move aimed at streamlining crypto investment in the city’s regulated market.
The approval allows clients of Eddid Securities and Futures (ESFL), a subsidiary of the group, to directly subscribe to or redeem Bitcoin and Ether spot ETFs using cryptocurrencies through their Eddid ONE Virtual Asset Account. This eliminates the need for a separate virtual asset trading platform account, significantly improving operational efficiency and simplifying the investment process for users.
Eddid Financial’s subsidiary, Eddid Securities and Futures(“ESFL”),has received approval from the SFC to upgrade its in-kind subscription and redemption mechanismfor spot digital asset ETFs. pic.twitter.com/bQzJajGLSU
— Eddid Financial (@EddidFinancial) July 30, 2025
According to the company, the integration of its virtual asset account system with the SFC’s regulatory framework is designed to enhance market flexibility and liquidity for crypto-backed ETFs. Eddid will also offer margin financing services for these ETFs, enabling investors to leverage their holdings and pursue more dynamic trading strategies.
Eddid’s approval marks another milestone for the firm, which was among the first brokerages to receive an SFC license uplift in September 2023. Since then, the company has played a key role as a participating broker in the launch of Asia’s first Bitcoin spot ETFs and the world’s first Ethereum spot ETFs. It has also been at the forefront of developing tokenized real-world asset (RWA) solutions for the Hong Kong market.
With the demand for virtual asset products continuing to grow, Eddid’s upgraded ETF mechanism is expected to attract both institutional and retail investors seeking regulated, crypto-backed investment options. Eddid said the enhancement underscores its dual focus on innovation and compliance, positioning the company to help shape Hong Kong’s evolving digital asset ecosystem.
Notably, Eddid Financial recently announced a strategic partnership with EXIO Limited—one of Hong Kong’s first fully licensed virtual asset trading platforms. This collaboration aims to enhance trading efficiency and liquidity within the city’s digital asset market. Under the partnership, Eddid will provide liquidity support and settlement services for EXIO’s virtual asset transactions.
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