Tiger Securities Launches Cash Management Service, Plans to Apply for Virtual Asset Trading Platform in Hong Kong

04/25/2023 09:03 • Tech Trends • 85 views

According to reports, Tiger Securities (Hong Kong), a subsidiary of Tiger International, has announced the launch of a cash management service. The company has also disclosed its intention to apply for a virtual asset trading platform license in Hong Kong and is currently in discussions with relevant companies or plans to promote it in June this year. (Xingdao Daily)

Tiger Securities intends to apply for a virtual asset trading platform license in Hong Kong

The financial industry is constantly evolving, and the latest entrant to the market is Tiger Securities, a subsidiary of Tiger International. The company recently announced the launch of a cash management service and shared its plan to apply for a virtual asset trading platform license in Hong Kong. This move is in line with the company’s efforts to expand its services and cater to a more diverse customer base.

What is Tiger Securities?

Tiger Securities is a subsidiary of Tiger International, a global financial technology company that provides digital brokerage services. The company was founded in 2014 and has since grown to become a leading player in the industry, offering services in the US, China, and Hong Kong.

About the Cash Management Service

The cash management service offered by Tiger Securities allows customers to invest in high-yield money market funds, providing them with a convenient and efficient way to manage their cash. This service is available in both USD and HKD and comes with a debit card for customers to access their funds easily.
The service has been designed to cater to the needs of both individual and corporate customers, providing them with a flexible and secure option to manage their money.

Plans to Apply for a Virtual Asset Trading Platform License

In addition to the cash management service, Tiger Securities has also shared its plan to apply for a virtual asset trading platform license in Hong Kong. The company is currently in talks with relevant companies to finalize the details and aims to promote the service in June this year.
A virtual asset trading platform allows customers to trade digital assets such as cryptocurrencies, providing them with an alternative investment option. This move by Tiger Securities is in line with the company’s mission to provide innovative and advanced financial services to its customers.

Conclusion

Tiger Securities’ announcement of its cash management service and plans to apply for a virtual asset trading platform license in Hong Kong is a significant development in the financial industry. The company’s expansion plans are a clear indicator of its commitment to providing innovative financial services and catering to the evolving needs of its customers.
With the launch of the cash management service and plans for a virtual asset trading platform, Tiger Securities is positioning itself as a major player in the industry and is poised for significant growth in the coming years.

FAQs

1. What is Tiger Securities?
Tiger Securities is a subsidiary of Tiger International, a global financial technology company that provides digital brokerage services.
2. What is the cash management service offered by Tiger Securities?
The cash management service offered by Tiger Securities allows customers to invest in high-yield money market funds, providing them with a convenient and efficient way to manage their cash.
3. What are the plans of Tiger Securities for a virtual asset trading platform in Hong Kong?
Tiger Securities plans to apply for a virtual asset trading platform license in Hong Kong and aims to promote the service in June this year. The company is currently in talks with relevant companies to finalize the details.

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