Hong Kong - July 8, 2024 - Pando Finance Limited ("Pando" or "Pando Finance"), the global leading virtual asset management company, announced today that its existing Type 1 (Dealing in Securities) and Type 4 (Advising on Securities) regulated activities have been uplifted with the approval of the Hong Kong Securities and Futures Commission ("SFC"). Effective immediately, Pando can now provide distribution and investment advisory services to funds with virtual asset investments exceeding 10% of the portfolio.
Combined with the uplifted version of Pando's previously acquired Type 9 Asset Management license, this latest uplift has enabled Pando to achieve a "grand slam" of the three key licenses, further expanding the coverage of Pando's existing virtual asset business and bringing more comprehensive and diversified virtual asset investment solutions to its clients. This uplift, while ensuring the highest compliance and transparency, will further empower the company to drive the booming growth of the digital asset market for its clients, providing more opportunities and channels for asset preservation and appreciation.
Ms. Junfei Ren, CEO of Pando Finance, said: "This year marks the inaugural year of Bitcoin ETFs, bringing new vitality and opportunities to the global financial market. This uplift also signifies an important step forward for us in the virtual asset management domain, while adhering to compliance and regulatory requirements. Pando's ETFs have achieved cumulative returns exceeding 100% since their inception, successfully preserving and appreciating our clients' assets. On the foundation of regulation and client trust, Pando will continue to strengthen its fund distribution and investment advisory services in the virtual asset space, empowering our clients in their global virtual asset allocation. We will actively collaborate with trusted professional partners to contribute to Hong Kong's development as a sustainable and responsible virtual asset hub, build a comprehensive virtual asset ecosystem, and drive the mass adoption of Web3."
About Pando Finance Limited
Pando is a compliant virtual asset management company with global reach, operating businesses in Europe, Asia, and North America, with comprehensive retail market capabilities. As a leading digital asset manager, Pando has obtained and uplifted Type 1, Type 4, and Type 9 licenses from the SFC in Hong Kong, allowing it to allocate up to 100% of its portfolio to virtual assets and provide distribution and investment advisory services to funds with virtual asset investments exceeding 10%. Pando Finance has also obtained public fund qualifications and has launched several actively managed, high-performing ETF products. In 2022, Pando established its global headquarters in Zurich and issued Bitcoin, Ethereum spot ETPs, and the Pando6 index fund ETP on the Swiss Exchange. Through strategic positioning, Pando has accumulated rich experience in digital asset allocation and compliance, committed to providing diversified investment solutions that have attracted a wide range of investors.
For more information, please visit: www.pandofinance.com.hk.
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Media Contact
Company Name: Pando Finance Limited
Contact Person: Media Relations
Email: Send Email
Country: HongKong
Website: www.Pandofinance.com.hk
