Futu Securities enables BNB on-chain deposits and withdrawals via BEP20 for Hong Kong professional investors.
Tech & Launches ·
Futu Securities has enabled on-chain deposits and withdrawals of BNB using the BEP20 standard for Hong Kong professional investors. The move integrates blockchain-based asset transfers into a regulated securities brokerage framework, allowing qualified investors to move the token between their wallets and trading accounts without intermediaries.
The mechanism operates via BEP20, the token standard on the Binance Smart Chain, which enables direct settlement of BNB holdings on-chain. By offering this capability to professional investors specifically, Futu Securities bridges centralized brokerage infrastructure with decentralized blockchain rails, reflecting broader convergence between traditional securities law and crypto market infrastructure.
What remains unclear is whether this service will expand to other token assets, whether it applies to retail investors in the future, or how it integrates with Hong Kong's evolving regulatory framework for digital assets and securities settlement.