Wanwei Secures Dual SFC Licenses for Integrated Asset Management
Wanwei Digital Family Office, a division of Wanfang Family Office, announced it has secured crucial Type 4 (Advising on Securities) and Type 9 (Asset Management) licenses from the Hong Kong Securities and Futures Commission (SFC). The approval grants the firm the authority to provide regulated investment management for portfolios that integrate both traditional financial assets and digital assets. This development, announced during the inaugural The Revo Connect event, formalizes the inclusion of cryptocurrencies within established wealth management frameworks.
We are very pleased to receive these two SFC licenses. We have always adhered to the operating philosophy of a traditional family office, insisting on a customer-centric and diligent approach to the investment management of digital assets.
— Brian Tso, Head of Wanwei Digital Family Office
New Approvals Unlock Regulated Crypto for Wealth Clients
The new licenses enable Wanwei to offer its high-net-worth clients professionally managed, discretionary accounts that incorporate digital assets alongside their existing investments. This structure allows for portfolio construction, risk management, and rebalancing at an institutional-grade standard, with client assets held on secure platforms or with qualified custodians. The move directly addresses the increasing demand from affluent investors and family offices for secure, compliant access to the digital asset class. According to Wanwei Group co-founder Arrigo Tan, the licenses permit the firm to "extend the family office and external asset manager model to digital assets" while maintaining its fiduciary principles.
Approval Bolsters Hong Kong's Digital Asset Hub Strategy
This regulatory green light for Wanwei is a significant step in validating Hong Kong's ambition to become a leading, regulated hub for digital assets. The licensing demonstrates a viable pathway for integrating digital assets into the existing financial system, which is expected to improve operational coordination between banks, custodians, and virtual asset trading platforms. The move is anticipated to attract further capital and encourage other wealth managers to pursue similar licensing, solidifying the city's role in the global digital economy.
This licensing is another important milestone for Wanfang Family Office. It not only illustrates the feasibility of integrating digital assets into today's wealth management framework but also confirms Hong Kong's determination to become a regulated digital asset hub.
— Katharina Kwan, CEO of Wanfang Family Office
