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Home News Crypto

Eddid Financial Secures SFC Approval to Launch Crypto Deposit and Withdrawal Services

22 July 2025
in Crypto, Regulation
Reading Time: 3 mins read
104 5
Eddid Financial Secures SFC Approval to Launch Crypto Deposit and Withdrawal Services

Source: PR Newswire

Eddid Financial has received regulatory approval from Hong Kong’s Securities and Futures Commission (SFC) to launch digital asset coin in/out services, positioning the firm to deepen its footprint in the virtual asset space.

The clearance was granted to its subsidiary, Eddid Securities and Futures, and marks a key milestone in the group’s broader crypto strategy.

The approval allows Eddid to enable direct crypto deposits and withdrawals through its trading platform, Eddid ONE. Supported assets will include Bitcoin (BTC), Ether (ETH), USD Coin (USDC), Tether (USDT), and USDT-TRC. This upgrade will provide investors with streamlined access to crypto markets, eliminating the operational burden of managing private keys or external wallets.

Eddid said the service aims to simplify user interaction with digital assets, providing a secure and compliant on-ramp that meets rising demand for liquidity and flexible portfolio allocation. It also reflects the firm’s expanding ambitions in tokenized finance, including stablecoins and real-world asset (RWA) products.

Dr. Ricky Yeung, Head of Virtual Asset at Eddid Financial, noted that digital assets are becoming essential to modern investment strategies, adding that the SFC’s green light reinforces the group’s operational readiness and compliance strength. He added that the firm will continue to scale its virtual asset offerings across its global fintech infrastructure.

The move follows an accelerating wave of regulatory approvals in Hong Kong aimed at establishing the city as a major digital asset hub. Building on this regulatory milestone, Eddid Financial has also 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. The integration is expected to deliver a smoother trading experience for institutional and high-net-worth clients by improving execution and minimizing operational bottlenecks.

 

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Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

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