Fore Elite Capital first applied for a virtual asset management uplift from the Hong Kong Securities and Futures Commission (SFC) in 2019, and officially obtained the approval in January 2022. 

In March 2022, Fore Elite launched its first SFC-compliant virtual asset fund. Building on this foundation, the SFC further expanded Fore Elite's virtual asset management authorization, making its Flagship Fund the first regulated multi-strategy crypto hedge product in Hong Kong.

Most recently, the SFC has accepted Fore Elite's proposal to enable stable coin subscriptions and redemptions for the Flagship Fund. This breakthrough enhances investor access to the compliant virtual asset market, underscoring Hong Kong's proactive efforts to establish itself as a global virtual asset hub.