Odaily News According to official news, after consultations with the Hong Kong Securities Regulatory Commission, Victory Securities successfully passed the relevant regulatory inquiry procedures on October 10, 2024, and can initiate and manage the Victory VSG Virtual Asset Multi-Strategy Fund (hereinafter referred to as the Fund), and accept investors to subscribe to fund units in stablecoins. This fund will be the first Web3 multi-strategy compliant fund initiated by a Hong Kong Securities Regulatory Commission licensed virtual asset investment organizer company and accept investors to subscribe to fund units in stablecoins since the Hong Kong Securities Regulatory Commission implemented the regulatory framework for virtual asset investment organizer companies in 2018. It is reported that Virtual Seed Asset Management (Hong Kong) Co., Ltd. (hereinafter referred to as VSG) will serve as an investment advisor and cooperate with Victory Securities as the manager to manage this fund.