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The leading fiat-crypto payment gateway, Alchemy Pay, has revealed that it has joined forces with ZD Group, the parent company of Mouette Securities, a reputable global investment fund. Within the frame of this strategic collaboration, ZD Group provides investment and shares its four financial licenses authorized by Securities and Futures Commission (SFC) and Insurance Authority (IA) of Hong Kong with Alchemy Pay, while Alchemy Pay commits to provide crypto payment solutions to all businesses in ZD Group. This collaboration aims to promote resource sharing and foster stronger business ties between the two entities.
It should be highlighted that ZD group has shared its Hong Kong Type 1, 4 and 9 financial services licenses granted by SFC with Alchemy Pay. The three licenses are crucial and mandatory for conducting financial investment businesses in Hong Kong, respectively covering areas in dealing in securities, advising on securities and asset management. In addition, Alchemy Pay will be granted access to the Insurance Broker Company license held by Sunbright Wealth Management, a subsidiary of ZD Group, as issued by the Insurance Authority of Hong Kong. This license will help Alchemy Pay to develop potential business with negotiating or arranging contracts of insurance.
Mouette Securities has been listed as a registered institution on SFC of Hong Kong’s official site. The Financial Services Licenses details can be found by searching ‘Mouette Securities’ via Name Search or ‘BLE877’ via Central Entity Number Search. The Insurance Broker Company license held by Sunbright Wealth Management can be found on the official site of the Insurance Authority of Hong Kong – Register of Licensed Insurance Intermediaries (Firm) page via license number ‘FB1829’.
This sharing of licenses aims to facilitate Alchemy Pay’s entry and promote its penetration into the Hong Kong and even larger global financial market. With the acquisition of the licenses, Alchemy Pay can better ensure the provision of secure, compliant and regulatory payment services to an extended group of partners. The partnership will indeed drive the growth of Alchemy Pay in the global market and expand its user base beyond Hong Kong.
Rui Huang, the founder of ZD Group emphasized that partnering with Alchemy Pay is an important layout of ZD Group in the Web3 industry. “Moreover, Hong Kong, being a global hub city for blockchain development with a well-established…
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