TechFlow News, October 30 — According to Techub News, Hong Kong-listed company Sunriver Technology Holdings Limited has commenced certain over-the-counter (OTC) virtual asset trading services for professional investors in Hong Kong under the Stablecoin Ordinance, offering OTC services in currencies such as USDT and USDC to qualified professional investors. Under Article 9 of the Stablecoin Ordinance, only "authorized providers" may offer specified stablecoins, including institutions holding Type 1 licenses from the Hong Kong Securities and Futures Commission (SFC). Public records indicate that Sunriver Asset Management (Hong Kong) Limited, a subsidiary of Sunriver Technology, holds SFC Type 1, 4, and 9 licenses.
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