Hong Kong Custodial Wallet – Compliant Development
Launch a custodial wallet in Hong Kong with compliance controls mapped to SFC and SFC VATP. Block Intelligence builds production software; independent counsel handles licensing.
Compliance scope
Hong Kong · Custodial Wallet
Hong Kong requires SFC licensing for virtual asset trading platforms serving retail and institutional clients.
| Jurisdiction | Hong Kong |
|---|---|
| Regulator | SFC |
| Product | Custodial Wallet |
Software
Built-in compliance controls
- Custodial key management with HSM or secure enclave options
- Multi-chain deposits, withdrawals, and balance reconciliation
- Transaction monitoring and velocity limits
- Account recovery flows with identity re-verification
- Compliance reporting and user activity audit trails
- Integrate KYC/AML verification processes for user onboarding.
- Implement secure key management solutions.
- Enable transaction monitoring and alert systems.
Block Intelligence provides technology development and compliance-oriented software architecture. We are not a law firm. Licensing and regulatory advice is provided by independent legal partners in each jurisdiction. Information is current as of 2026-03-01 and subject to change.
FAQ
Frequently asked questions
- What is a custodial wallet?
- A custodial wallet is a type of wallet where a third party manages the private keys on behalf of the user.
- What compliance measures are necessary for custodial wallets?
- Custodial wallets must implement KYC/AML measures, secure storage solutions, and transaction monitoring.
- Can custodial wallets operate without a license in Hong Kong?
- No, custodial wallets must obtain an SFC VATP license to operate legally in Hong Kong.