Crypto-related stocks in Hong Kong jumped on Tuesday, driven by investor optimism over the region’s forthcoming stablecoin licensing framework.
| Company | Stock Performance | Key Regulatory Milestone |
|---|---|---|
| Guotai Junan International | +16% (Noon) | Approval for crypto trading services |
| OSL (Licensed Exchange) | +12.2% | Retail service license holder |
| Victory Securities | +9.2% | Approved for crypto trading in April |
| Dmall Inc. | +8.9% | Preparing stablecoin license application |
Guotai Junan International obtained regulatory approval to offer crypto trading services in Hong Kong last week. OSL also announced a C$85.2 million planned acquisition of the Canada-based Banxa exchange last month.
Dmall, a Chinese retail digitalization firm, indicated it is preparing to apply for a stablecoin license and has begun purchasing bitcoin via HashKey exchange. Victory Securities gained its regulatory approval to offer crypto trading services earlier this April.