New Huo Technology Holdings Limited, a Hong Kong-listed company, has initiated over-the-counter (OTC) virtual asset trading services for professional investors in Hong Kong, in compliance with the Stablecoin Ordinance. The company offers OTC trading for stablecoins such as USDT and USDC to qualified investors. According to Article 9 of the Stablecoin Ordinance, only "recognized providers" are permitted to offer specified stablecoins, which includes entities holding a Type 1 license from the Hong Kong Securities and Futures Commission. Public records indicate that New Huo Asset Management (Hong Kong) Limited, a subsidiary of New Huo Technology, holds Type 1, 4, and 9 licenses.