Victory Securities announces the launch of a Bitcoin fund accepting stablecoin subscriptions

Hong Kong's leading virtual asset broker, Victory Securities, has signed a cooperation agreement with Cactus Custody, a licensed trust company in Hong Kong. According to the agreement, Cactus Custody will provide institutional-level virtual asset custody services for Victory Securities. In addition, this collaboration also provides a compliance threshold supported by KYT and AML tool regulatory components for products of Victory Securities. This includes the Victory EMC BTC Cycle Fund which is the first Bitcoin fund accepting stablecoin subscriptions and recently received approval from the Hong Kong Securities and Futures Commission.