The Securities and Futures Commission (SFC) issued two circulars on 7 April 2025 setting out the criteria to be met by licensed virtual asset trading platforms (VATPs) wanting to offer virtual asset staking services to their clients and the requirements for SFC-authorised funds wanting to stake virtual assets. In both cases, the SFC’s prior approval is required. The requirements for SFC-licensed VATPs are set out in the SFC Circular on staking services provided by virtual asset trading platforms (SFC Staking Circular) and its Appendix contains the conditions that the SFC will impose on the licences of VATPs allowed to offer staking services.
