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Alchemy Pay Partners With ZD Group, Parent Company Of Mouette Securities, Shares Four Hong Kong Licenses And Receives Their Investments – Sponsored Bitcoin News
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The leading fiat-crypto payment gateway, Alchemy Pay, has revealed that it has merged with ZD Group, the parent company of Mouette Securities, a renowned global investment fund. Within the framework of this strategic cooperation, ZD Group provides investments and shares its four financial licenses authorized by the Securities and Futures Commission (SFC) and the Insurance Authority (IA) in Hong Kong with Alchemy Pay, while Alchemy Pay commits to providing crypto payment solutions to all businesses in the ZD Group. This collaboration aims to promote resource sharing and promote stronger business ties between the two entities.
It should be highlighted that ZD group has shared its Hong Kong Type 1, 4 and 9 financial services licenses granted by the SFC with Alchemy Pay. The three licenses are essential and mandatory for conducting financial investment activities in Hong Kong, and respectively cover the areas of securities trading, securities advisory and asset management. In addition, Alchemy Pay will gain access to Insurance brokerage company license held by Sunbright Wealth Management, a subsidiary of ZD Group, as issued by the Insurance Authority of Hong Kong. This license will help Alchemy Pay develop potential business in negotiating or arranging insurance contracts.
Mouette Securities has been listed as a registered institution on the SFC of Hong Kong’s official site. The Financial Services license details can be found by searching ‘Mouette Securities’ via name search or ‘BLE877’ via central unit number search. The Insurance brokerage company license held by Sunbright Wealth Management can be found on the official website of the Insurance Authority of Hong Kong – Register of Licensed Insurance Intermediaries (Firm) page via license number ‘FB1829’.
This sharing of licenses aims to facilitate Alchemy Pay’s entry and further its penetration into Hong Kong and even larger global financial markets. With the acquisition of the licenses, Alchemy Pay can better ensure the delivery of secure, compliant and regulatory payment services to an expanded group of partners. The partnership will actually drive the growth of Alchemy Pay in the global market and expand its user base beyond Hong Kong.
Rui Huang, the founder of ZD Group emphasized that cooperation with Alchemy Pay is an important layout for ZD Group in the Web3 industry. “Furthermore, Hong Kong, being a global hub for blockchain development with a well-established regulatory framework and supportive environment for financial services, has attracted many crypto and blockchain companies. ZD Group is closely monitoring global economic trends and opportunities related to Web 3.0, and is actively preparing to obtain relevant business licenses for early entry. The investment in Alchemy Pay is a critical step in ZD Group’s aggressive deployment of the fintech and Web3 industries and the attempt to capture the trend.”
ZD GROUP, established in 2018, is a conglomerate that combines financial investments and businesses in the fine technology sector. The group owns a variety of financial services and has led investments in companies operating in unmanned vehicles, medical biology, consumer industries and new technologies. Mouette Securities primarily provides one-stop services for cosmopolitan financial services and corporate solutions, and it has jumped to become the top 20% of securities companies in a total of over 600 Hong Kong (by turnover value in the first half of 2022).
As a leading payment solutions provider, Alchemy Pay has been at the forefront of the crypto payment industry, leveraging blockchain technology and traditional high-tech experiences to enable fast, secure and cost-effective cross-border transactions. The establishment of this strategic partnership represents a strong vote of confidence in Alchemy Pay’s capabilities and potential in the payments sector. Furthermore, it marks a significant move that Alchemy Pay will expand the collaboration and work with more conventional brokers within compliance business.
About Alchemy Pay
Founded in Singapore in 2018, Alchemy Pay is a payment gateway that seamlessly connects crypto and global fiat currencies for businesses, developers and users. The Alchemy Pay Ramp solution is integrated, via plugin or API, with platforms and dApps, providing an easy ramp from fiat currency to crypto. Alchemy Pay supports payments from 173 countries – Visa, Mastercard, Google Pay, Apple Pay, popular regional mobile wallets and domestic transfers with a focus on emerging markets. Its offramping capability is transferred to users in over 50 local fiat currencies. ACH is the Alchemy Pay network token on Ethereum and BNB Chain.
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