A crypto OTC (over-the-counter) trading desk aiming to quickly establish a foothold in the Asian market to serve high-net-worth clients.
Hong Kong’s new VASP licensing regime made the process of obtaining a license from scratch both lengthy and complex. The client required an immediate solution to begin operating legally. The only viable path was to acquire a ready-made company holding an MSO (Money Service Operator) license, which permits crypto exchange activities.
We provided a turnkey solution that perfectly met the client’s need for speed and compliance.
Sourcing a Vetted Asset: We offered the client a clean, pre-vetted Hong Kong company with an active MSO license and an operational bank account.
Expertise on New Legislation: We advised the client on all the nuances of operating under the new VASP regulatory regime, ensuring the transfer process was fully compliant with the updated requirements.
Rapid Transfer Process: Our Hong Kong team swiftly prepared all necessary documents and managed the ownership change, minimizing the client’s involvement.
The client began operating in the Asian market in the shortest possible time, gaining a significant competitive advantage.
Unrivaled Speed to Market: The client gained full control of the licensed entity in just a few weeks.
Risk Mitigation: Acquiring a ready-made company eliminated the uncertainty associated with a new license application under a changing legal framework.
A Strategic Foothold: Having an operational entity in Hong Kong allowed the client to immediately start building relationships with Asian partners and clients.
