According to the Hong Kong Commercial Daily, Hong Kong's VSFG Asset Management is preparing to apply to the Securities and Futures Commission for a virtual asset service provider (VASP) license, as well as a type 7 license (providing automated trading services).
In addition to VASP and Type 7 licenses, VSFG is in talks with several Hong Kong exchange trading fund (ETF) issuers and regulatory agencies to list its Bitcoin spot funds as ETF.

