{"id":48040,"date":"2025-08-15T11:42:49","date_gmt":"2025-08-15T08:42:49","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=48040"},"modified":"2025-08-15T11:42:49","modified_gmt":"2025-08-15T08:42:49","slug":"new-custody-standards-for-crypto-platforms-from-hong-kong","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/new-custody-standards-for-crypto-platforms-from-hong-kong\/","title":{"rendered":"New Custody Standards for Crypto Platforms from Hong Kong"},"content":{"rendered":"<p>The <strong>Hong Kong Securities and Futures Commission (SFC)<\/strong> has introduced comprehensive new custody standards to enhance the ability of licensed crypto trading platforms to protect customers\u2019 digital assets.<\/p>\n<p>This move follows the<strong> SFC<\/strong>\u2019s earlier reviews this year, which revealed weak control mechanisms at some crypto platforms, and aims to raise security awareness across the industry.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/new-custody-standards-for-crypto-platforms-from-hong-kong\/#Access_Controls_Become_Mandatory\" title=\"Access Controls Become Mandatory\">Access Controls Become Mandatory<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/new-custody-standards-for-crypto-platforms-from-hong-kong\/#Response_to_Custody_Failures\" title=\"Response to Custody Failures\">Response to Custody Failures<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/new-custody-standards-for-crypto-platforms-from-hong-kong\/#Real-Time_Monitoring\" title=\"Real-Time Monitoring\">Real-Time Monitoring<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Access_Controls_Become_Mandatory\"><\/span>Access Controls Become Mandatory<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Hong Kong SFC\u2019s new regulations require licensed crypto trading platforms to establish robust wallet infrastructure and implement strict access controls to protect user assets.<\/p>\n<p>Platforms will not only be responsible for securely storing users\u2019 funds but also for creating transparent and auditable mechanisms in their transaction processes and governance structures.<\/p>\n<p>These changes provide an additional layer of security against potential cyberattacks while aiming to boost investor confidence in fund protection. Through this, the SFC seeks to strengthen operational resilience in Hong Kong\u2019s digital asset ecosystem and promote alignment with global standards.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Response_to_Custody_Failures\"><\/span>Response to Custody Failures<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Under the \u201cProtection\u201d pillar of its ASPIRe roadmap, the <strong>SFC<\/strong> has drawn important lessons from targeted reviews conducted to identify gaps in the industry. Additionally, high-profile custody failures and wallet security issues at overseas platforms have prompted the SFC to strengthen its regulatory approach. These measures aim to ensure the secure storage and management of digital assets while minimizing risks for investors.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Real-Time_Monitoring\"><\/span>Real-Time Monitoring<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The new standards clearly define senior executives\u2019 responsibilities in protecting customer funds. In addition, secure cold wallet operations, third-party wallet oversight, and real-time threat monitoring systems are made mandatory for platforms.<\/p>\n<p>Through these measures, the SFC aims to ensure that Hong Kong\u2019s digital asset sector develops on a sustainable, reliable, and investor-friendly foundation.<strong> Dr. Eric Yip<\/strong>, Executive Director of Intermediaries at the SFC, emphasized the importance of the standard, stating: \u201cThe protection of customer assets must always remain the top priority for licensed platforms, especially given the global risks facing the industry.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Hong Kong Securities and Futures Commission (SFC) has introduced comprehensive new custody standards to enhance the ability of licensed crypto trading platforms to protect customers\u2019 digital assets. This move follows the SFC\u2019s earlier reviews this year, which revealed weak control mechanisms at some crypto platforms, and aims to raise security awareness across the industry.<\/p>\n","protected":false},"author":37,"featured_media":34265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657],"tags":[61,60,62,393,6568,22406,1475],"class_list":["post-48040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","tag-bitcoin","tag-btc","tag-coin","tag-crypto","tag-hong-kong-sfc","tag-hongkong","tag-sfc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Custody Standards for Crypto Platforms from Hong Kong - Coin Engineer<\/title>\n<meta name=\"description\" content=\"New Custody Standards for Crypto Platforms from Hong Kong The Hong Kong Securities and Futures Commission (SFC)\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/new-custody-standards-for-crypto-platforms-from-hong-kong\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Custody Standards for Crypto Platforms from Hong Kong - 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