(Hong Kong, July 2024, 7) Pando Finance Limited ("Pando" or "Pando Finance"), a leading global virtual asset management company, announced today that its existing Type 5 (securities trading) and Type 10 (advising on securities) regulated businesses have been approved by the Hong Kong Securities and Futures Commission ("SFC") to be upgraded. From now on, Pando can provide distribution and investment advisory services to funds with a virtual asset investment ratio of more than XNUMX%.
Achieve comprehensive upgrade of license plates No. 1, 4 and 9
Expand the coverage of existing virtual asset businesses
Combined with the upgraded version of the ninth category asset management license that Pandu has previously obtained, this upgrade allows Pandu to fully achieve the "Grand Slam" of three important licenses, further broadening the coverage of Pandu's existing virtual asset business and bringing customers a more comprehensive and diversified virtual asset investment solution. Under the premise of ensuring the highest compliance and transparency, this upgrade will further help the company promote customers to invest in the booming digital asset market and provide customers with more opportunities and channels for value preservation and appreciation.
Live up to the trust of regulators and customers.
Empowering customers to configure global virtual assets
Ms. Ren Junfei, CEO of Pandu, said: "This year is the first year of Bitcoin ETF. This innovative financial product has brought new vitality and opportunities to the global financial market. This upgrade also means that on the basis of complying with compliance and regulatory requirements, we have taken another important step in the field of virtual asset management. Since its establishment, the cumulative returns of Pandu's ETFs have exceeded 100%, successfully realizing the preservation and appreciation of assets for customers.
Based on the trust of regulators and customers, Pandu will continue to strengthen its fund distribution and investment advisory services in virtual assets in the future, and empower customers in the allocation of global virtual assets. We will actively cooperate with trusted professional partners to contribute to the development of Hong Kong into a sustainable and responsible virtual asset center, the construction of a comprehensive virtual asset ecosystem, and the promotion of Web3 towards large-scale applications. "
Source: Pandu Fund