Foresight News reports that Hong Kong Securities and Futures Commission (SFC) Intermediaries Department Executive Director Ye Zhi Heng stated at Consensus 2026 that the SFC has officially issued a tender for the “SFC Accelerator” program this morning. The program aims to introduce third-party service providers as communication bridges and may utilize gamification design to optimize interactions between regulatory agencies and market participants, thereby eliminating communication barriers and building mutual trust.
In addition, Ye Zhi Heng provided technical supplements to the measures previously announced by Chief Executive Officer Carrie Lam. He pointed out that in ensuring financial funding, a “two-way linkage” will be implemented, allowing Bitcoin and Ethereum to be used as collateral for securities investments, as well as permitting virtual assets to be used as collateral for traditional securities financing. Regarding perpetual contracts, the SFC will issue a “high-level guidance framework” rather than consultation documents, aiming to guide the market in a more pragmatic way. Initially, participation will be limited to professional investors only. Furthermore, the related market maker mechanism will enable platform subsidiaries to connect to global liquidity pools, preventing Hong Kong’s ecosystem from becoming isolated.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
U.S. Bitcoin Reserve Update Coming in Next Few Weeks, White House Adviser Says
White House digital-assets adviser Patrick Witt announced that a U.S. Bitcoin Reserve update is coming in the next few weeks. Witt cited a recent exploit involving assets held by the U.S. Marshals as evidence that federal crypto holdings require enhanced safeguarding
GateNews23m ago
Grant Cardone Adds More BTC to Treasury, Says Bitcoin-Real Estate Strategy Could Outperform REITs
Real estate mogul Grant Cardone recently said a hybrid bitcoin-real estate strategy could outperform traditional REITs and added more Bitcoin to his treasury. According to Cardone, the model brings new users into crypto while challenging conventional real estate
GateNews43m ago
New York Bank expands its “digital assets” business to the UAE, offering BTC and ETH custody services
According to an official press release issued by Bank of New York (BNY) on May 7, the global largest custodian bank, which manages about $59 trillion in assets, announced that it will partner with local partners Finstreet and the ADI Foundation to set up a regulated digital asset infrastructure at the Abu Dhabi Global Market (ADGM), initially focusing on institutional custody services for Bitcoin (BTC) and Ethereum (ETH).
MarketWhisper1h ago
Bitcoin Rises to Near $83,000 Before Pullback on May 7; Funding Rates Signal Bearish Sentiment
According to Coinglass data, Bitcoin rose to near $83,000 early on May 7 before pulling back. Funding rates across major CEX and DEX platforms indicate the market remains bearish, with rates below typical equilibrium levels suggesting traders are positioned for further
GateNews2h ago
Bitcoin Rises From $63,000 to Over $80,000 in Three Months, On-Chain and Derivatives Data Point to $85,000
According to CoinDesk, Bitcoin has climbed from approximately $63,000 to over $80,000 in the past three months, with on-chain metrics, futures, and options signals converging on a $85,000 target. On-chain data shows BTC has broken above key resistance levels including the "realized price mean" of $7
GateNews2h ago
Bitcoin ETF Panel: Custody, Advisors, Plumbing Lag
Senior figures from CoinShares, Calamos, ProShares, and Flow Traders identified persistent infrastructure challenges in the spot Bitcoin ETF market, according to panelists. While spot Bitcoin ETFs have improved market access, the panel flagged three priority issues requiring resolution: custody
CryptoFrontier3h ago
