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      On 11 February 2026, The Hong Kong Securities and Futures Commission issued new guidance to allow virtual asset margin financing to investors with strong credit profiles. The guidance also established a high-level framework for licensed Virtual Asset Trading Platforms to offer leveraged perpetual contracts to professional investors.

      This flyer highlights the impact of these changes, and outlines key considerations for financial institutions to take into account.


      Unlocking liquidity: Navigating the SFC’s new perps and margin framework

      Unlocking liquidity: Navigating the SFC’s new perps and margin framework

      New guidance extending virtual assets to margin financing and perpetual contracts.

      Digital Assets, Blockchain & Web3.0

      KPMG is a leader in embracing and navigating the latest tech waves

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      Find out how KPMG's expertise can help you and your company.