Alchemy Pay Partners With ZD Group, Shares 4 HK Licenses to Launch Crypto Payment Solutions

• Alchemy Pay has partnered with ZD Group, the parent company of Mouette Securities, to gain access to four Hong Kong financial licenses.
• These licenses are necessary for conducting financial and investment businesses in Hong Kong.
• This strategic collaboration is aimed at promoting resource sharing between the two entities.

Alchemy Pay Partners With ZD Group

The leading fiat-crypto payment gateway, Alchemy Pay, has revealed that it has joined forces with ZD Group, the parent company of Mouette Securities, a reputable global investment fund.

Shared Financial Licenses from SFC & IA

Within the frame of this strategic collaboration, ZD Group provides investment and shares its four financial licenses authorized by Securities and Futures Commission (SFC) and Insurance Authority (IA) of Hong Kong with Alchemy Pay. The three licenses granted by SFC cover areas in dealing in securities, advising on securities and asset management. In addition, Sunbright Wealth Management will share its Insurance Broker Company license issued by the Insurance Authority of Hong Kong with Alchemy Pay.

Aimed To Promote Resource Sharing

This collaboration aims to promote resource sharing and foster stronger business ties between the two entities while Alchemy Pay commits to provide crypto payment solutions to all businesses in ZD Group. It should be highlighted that Mouette Securities is listed as a registered institution on SFC of Hong Kong’s official site for further details about their shared Financial Services Licenses.

Acquisition Of Licenses To Ensure Secure Payment Solutions

With the acquisition of these licenses, Alchemy Pay can better ensure the provision of secure, compliant and regulatory payment services to an extended group of partners which should drive its growth in the global market and expand its user base beyond Hong Kong.

ZD Group’s Layout In Web3 Industry

Rui Huang, the founder of ZD Group emphasized that partnering with Alchemy Pay is an important layout of ZD Group