BitMart Secures Key License for Digital Asset Custody in Hong Kong
On March 17, 2025, BitMart announced that its local subsidiary has successfully obtained a Trust or Company Service Provider (TCSP) license from Hong Kong’s Companies Registry. This regulatory approval allows BitMart to offer digital asset custody services and other related activities within the jurisdiction.
With this license, BitMart moves closer to establishing itself as a fully compliant and licensed trading platform under Hong Kong’s Virtual Asset Trading Platform (VATP) regulatory framework.
Commitment to Compliance and Security
BitMart emphasized that it is actively working to align with Hong Kong’s stringent regulatory requirements by implementing robust anti-money laundering (AML) and counter-terrorism financing (CTF) measures. The company aims to ensure that every transaction occurs in a safe and reliable environment, reinforcing its commitment to regulatory transparency and customer protection.
By securing the TCSP license, BitMart strengthens its presence in the Hong Kong market and positions itself as a key player in the region’s evolving digital asset landscape.
Impact on Hong Kong’s Crypto Regulatory Landscape
Hong Kong has been actively expanding its digital asset regulatory framework, aiming to create a well-regulated environment for virtual asset service providers (VASPs). The TCSP license is a critical component of this framework, ensuring that companies providing custodial and trust services adhere to strict compliance standards.
With regulators tightening controls on AML and financial crime prevention, obtaining official licensing is becoming increasingly important for crypto exchanges and service providers seeking to operate in Hong Kong’s growing digital asset ecosystem.
BitMart’s Future Plans
BitMart’s successful acquisition of the TCSP license is expected to pave the way for further regulatory approvals, including a full VATP license, which would allow it to operate as a licensed cryptocurrency exchange in Hong Kong.
The company stated that it remains dedicated to expanding its regulatory footprint while providing secure and legally compliant digital asset services to its growing user base.
As Hong Kong solidifies its position as a leading global hub for digital assets, BitMart’s regulatory milestones mark a significant step forward in the company’s broader compliance and expansion strategy.
