Gate.io's Hippo Financial Secures Hong Kong Crypto License: A Major Step Forward
Exciting news for the crypto world! Gate.io Group's Hong Kong-based company, Hippo Financial Services Limited (Hippo FS), has taken a significant leap by obtaining the Trust or Company Service Provider (TCSP) Licence. This milestone positions Hippo Financial to play a key role in the burgeoning Hong Kong crypto market.
Specifically, as Gate.io's Hippo Financial Services has been granted a license to offer virtual asset custodial services in Hong Kong, according to a press release. This means users can now benefit from secure and compliant storage solutions for their digital assets within the region.
But the story doesn't end there! Gate.io has announced its intention to apply for the retail crypto license in Hong Kong through its Hong Kong-based company, Hippo Financial Services Limited. Gate Group said on Feb. 22 that it will apply for a crypto license in Hong Kong, signaling ambitions to launch “Gate HK.” This further underscores their commitment to expanding their services and providing a comprehensive crypto platform for Hong Kong residents.
The firm's local company, Hippo Financial Services, is actively pursuing further regulatory approvals to solidify its position. In fact, Gate.io Group's Hong Kong-based company, Hippo Financial Services Limited (Hippo FS), has obtained the Trust or Company Service Provider (TCSP) Licence, showcasing proactive engagement with Hong Kong's regulatory framework.
This development echoes recent trends in the industry. In 2025, Gate Group subsidiary Hippo Financial Services Limited obtained the Trust and Corporate Service Provider (TCSP) license in the jurisdiction. The launch of the firm’s technology unit obtained a Virtual Financial Assets Service Provider license nationwide, and the permit allows the firm to run an exchange and offer a wide range of digital asset services.
Gate Group, the parent company of the Gate.io crypto exchange, becomes the latest to apply for a license in Hong Kong. The firm joins Huobi Global, OKX, and Bitget, seeking approval in the region. This increased interest demonstrates Hong Kong's growing importance as a global crypto hub, attracting major players seeking to establish a strong presence.
Stay tuned for further updates as Gate.io and Hippo Financial navigate the licensing process and continue to innovate in the Hong Kong crypto market.