Alchemy Pay, the leading Fiat Crypto Payment Gateway company, has announced that it has partnered with ZD Group, the parent company of Mouette Securities, a world-renowned investment fund. Within the framework of this strategic cooperation, ZD Group will provide investment and share with AlchemyPay four financial licenses approved by the Securities and Futures Commission (SFC) and the Insurance Authority (IA) of Hong Kong, and AlchemyPay is committed to providing crypto payment solutions to all ZD Group businesses. The collaboration is intended to facilitate resource sharing and foster a stronger business relationship between the two entities.
It is now known that ZD Group shares with Alchemy Pay the Hong Kong financial services licenses (Types 1, 4 and 9) granted by the SFC. These three licenses are important and essential for conducting financial investment business in Hong Kong and cover the areas of securities trading, securities advice, and asset management, respectively. In addition, Alchemy Pay will be granted access tothe insurance brokeragelicense held by Sunbright Wealth Management, a subsidiary of ZD Group, which is issued by the Hong Kong Insurance Department. The license allows Alchemy Pay to develop a potential business of negotiating and arranging insurance policies.
Muet Securities is listed as a registered institution onthe official website of the Hong Kong SFC. Details of the financial services license can be found by searching for “Mouette Securities” in the name search and “BLE877” in the central organization number search.The insurance brokerage firmlicense held by Sunbright Wealth Management is listed on the Hong Kong Insurance Department’s official website – Registration of Licensed Insurance Brokers (Companies)which can be found on pagevia license number “FB1829”.
The sharing of this license is intended to facilitate Alchemy Pay’s entry and penetration into Hong Kong and the larger global financial market. The license will allow AlchemyPay to offer secure and compliant payment services to more partners. The partnership will facilitate AlchemyPay’s growth in the global market and expand its user base beyond Hong Kong.
Rui Huang, founder of ZD Group, emphasized that the partnership with Alchemy Pay is an important layout for ZD Group in the Web3 industry.” Furthermore, Hong Kong attracts many crypto and blockchain companies as it is a global hub city for blockchain development with an established regulatory framework and supportive environment for financial services ZD Group closely monitors global financial trends and opportunities related to Web 3.0 and ZD is actively preparing to acquire relevant business licenses for early entry; the investment in Alchemy Pay is an important step for ZD.ACHis the Alchemy Pay network token on Ethereum,and BNB. Chain.
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