Futu Securities Fully Integrates Proprietary Licensed VATP, Pioneering Asia's First Self-Built Web2 + Web3 Ecosystem

Futu reached a landmark milestone today : its wholly-owned, self-built virtual asset trading platform, PantherTrade (Hong Kong) Limited ("PantherTrade"), has announced the commencement of full-scale licensed operations. PantherTrade is poised for imminent integration with Futu Securities, providing core services for virtual asset trade matching, asset custody, and technical solutions. Through this deep integration, Futu will launch dual-track synergistic services for traditional finance and Web3 within a fully compliant regulatory framework.

PantherTrade is Hong Kong's first virtual asset trading platform that is brokerage-incubated and licensed for full-scale operations. The comprehensive business launch of PantherTrade and its strategic incorporation into the Futu ecosystem establish the first integrated financial services platform in Hong Kong and Asia to simultaneously operate "securities brokerage and virtual asset exchange" infrastructure. This achievement marks a pioneering milestone in completing a one-stop Web2 and Web3 ecosystem closed-loop, providing investors with an upgraded "on-chain + off-chain" trading experience with seamless and fluid execution.

Why is the "Self-built + Dual-Licensed" Model Crucial for You?

Investment confidence is built upon absolute trust in underlying security. Within the SFC’s regulatory framework, we have established a complete business chain within our own infrastructure, covering virtual asset spot trading, custody, deposits and withdrawals, stablecoin trading and exchange, as well as tokenized assets trading.

The advantage of this "self-built platform" closed-loop not only constructs a robust security barrier but also empowers capital with millisecond-level seamless transfer capabilities. Within a secure, compliant, and efficient environment, users can achieve instant fund transfers across diverse assets—including fiat currency, crypto assets, Hong Kong/U.S. stocks, ETFs and more—significantly enhancing capital utilization efficiency.

Elevated One-Stop Experience: Trading Virtual Assets as Easily as Stocks

We are committed to providing an experience where investors can easily allocate to Crypto—an emerging asset class—within the same platform and familiar system they use for stocks.

Since Futu Securities launched Crypto trading services in 2024, eligible Hong Kong investors have been able to allocate to major crypto spot assets (such as BTC, ETH, SOL, AVAX, and LINK) and related ETFs with a single click on the Futubull platform, alongside forward-looking products like tokenized money market funds. Furthermore, we support the free flow of crypto assets between trading accounts and Web3 wallets. Through familiar tools—such as our AI assistant with integrated crypto analysis, detailed market data, and paper trading functions—we help users quickly build market insights, assess risks, and make allocation decisions.

Futu has also made substantial strides in Real World Asset (RWA) tokenization. In 2025, the Group entered a strategic partnership with China Asset Management (Hong Kong) to launch tokenized money market funds on Futubull for primary market trading, achieving T+0 liquidity. We also collaborated with partners in the Hong Kong Monetary Authority’s "Project Ensemble" Sandbox, successfully completing a proof-of-concept for "utilizing tokenized deposits in tokenized money market fund transactions". We are currently exploring potential opportunities with regulators to plan the launch of the world’s first compliant tokenized money market fund with 24/7 secondary market trading, aiming to dissolve the barriers between traditional finance and Web3.

Expanding Opportunities for Professional Investors (PI)

In volatile markets, professional investors prioritize flexible liquidity provision and cross-asset risk hedging.

How can one capture Web3 growth opportunities without impacting existing securities holdings? This is the breakthrough value of our upcoming "Securities-backed trading services for virtual asset financing". It revitalizes existing assets in an account; in the future, clients will not be forced to liquidate holdings to allocate to digital assets. Instead, they can use the purchasing power of their securities or funds as collateral to obtain virtual asset financing for direct trading. This cross-asset leverage optimization breaks the physical boundaries of capital, allowing a single asset to create yield opportunities across both securities and crypto markets.

For PI and institutional clients, our self-built exchange provides deeper services. Leveraging Futu’s established private wealth management system, high-net-worth clients can receive customized support, including OTC block trading, dedicated investment advisors, and bespoke cross-asset allocation solutions. Simultaneously, Futu provides virtual asset ETF issuers with one-stop solutions—from Initial Offering Period (IOP) to trading, custody, and staking. We are also actively advancing advanced products like perpetual contracts within the regulatory framework to help professional investors capture deep market opportunities.

Investor Choice is the Best Proof: A New Vision for Web3

According to our 2026 Futu Individual Investor Report, over 66% of surveyed high-net-worth investors allocated to crypto assets last year. Meanwhile, the number of crypto transactions on Futubull recorded a 246% year-on-year growth in 2025, becoming the fastest-growing asset class on the platform. This growth is driven by your real trades, real allocations, and real confidence.

Moving forward, with PantherTrade providing comprehensive end-to-end infrastructure support across the entire virtual asset trading value chain, Futu Securities is set to fully realize its virtual asset service potential, accelerating Futu’s evolution as a core hub bridging traditional finance and virtual assets. We will continue to adhere to the highest compliance and security standards, explore the inclusion of virtual assets into a unified purchasing power framework, and drive the synergistic development of TradFi and Web3 to help solidify Hong Kong’s position as Asia’s Web3 hub.

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