On Wednesday, the Alchemy Pay team announced via a blog post that it has partnered with Victory Securities to provide virtual asset trading and advisory services to retail investors.
Victory Securities is the first licensed corporation approved by the Securities and Futures Commission (SFC) of Hong Kong. The partnership will optimize the investing journey for users, particularly in the recently listed Bitcoin and Ether spot ETFs in Hong Kong.
Alchemy Pay added that this collaboration will give a broader user base access to VictoryX, the trading app for asset allocation across securities and virtual assets.
Alchemy Pay is a payment system focused on retail transactions at the point of sale and peer-to-peer remittance. Users can make payments using fiat, stablecoins, and other cryptocurrencies on traditional payment systems. Alchemy Pay’s ACH token is down 3.5% in the last 24 hours and trades at $0.02116.