New Hong Kong prop shop launches
Former JP Morgan and Dresdner Kleinwort executives launched Velotrade Re Limited, a Hong Kong crypto proprietary trading firm, underlining traditional finance talent moving into digital-asset market-making reported. The venture highlights demand for modular, API-first execution stacks that span fiat and on‑chain venues.
Founders Gianluca Pizzituti (CEO) and Vittorio De Angelis (Executive Chairman) are listed on the launch announcement as the firm’s co‑founders and executive leads. prnewswire.com Velotrade Re Limited was incorporated in Hong Kong on 17‑Nov‑2025 and is registered under BR No. 79182891 at Unit 702, 7/F Yue Thai Commercial Building, 128 Connaught Road Central. ltddir.com The public materials state funded account sizes run from $5,000 to $200,000 and that traders can keep up to 90% of profits under the firm’s account plans. prnewswire.com The founders point to a different revenue model: Velotrade says it will use institutional liquidity bridges and AI‑driven hedging to mirror selected funded trader positions in real markets rather than relying on challenge fees. prnewswire.com The company describes payouts as processed in stablecoins (USDC or USDT), with an initial 14‑day eligibility window and then weekly withdrawals on request. cryptobriefing.com Public coverage and partner summaries report the platform will support higher leverage on major perps — Bitget’s writeup cites up to 6x for BTC and ETH — while Velotrade’s site advertises “higher leverage” for crypto accounts. bitget.com Velotrade’s own pages say the product is in early access with the “full platform launching soon,” and note an operational tech hub in Vietnam alongside the Hong Kong headquarters. velotrade.com
