Shinhan Financial Group is in discussions with the Hong Kong Securities and Futures Commission (SFC) to obtain a license for digital asset operations. According to senior officials at Shinhan Investment Corp, the talks are in preliminary stages, focusing on the issuance of security token offerings (STOs) and the distribution of tokenized assets to institutional investors, family offices, and high-net-worth clients. Meanwhile, Mirae Asset Securities' Hong Kong branch has already secured a virtual asset retail license from the SFC and plans to launch digital asset trading services for local individual investors next month.