Alchemy Pay has successfully completed the upgrade of its virtual asset business under the Hong Kong Securities and Futures Commission (SFC) Type 1 license. This development, in collaboration with licensed institution HTF Securities, enables Alchemy Pay to offer virtual asset trading services to both professional and retail investors. The company has already completed its Type 4 license upgrade, while the Type 9 license upgrade is still in progress. This strategic move aims to bolster Alchemy Pay's expansion in Hong Kong, focusing on fiat currency transactions, stablecoins, and digital assets.