After completing the connected registration in the VCF Business Services Console, status of VCF Operations shows as "Pending Activation".
VCF Operations 9.0
This is an expected behaviour in case of connected registrations.
To complete registration, add the "Activation Code" in VCF Operations (in case you did not save the code, refer to the following KB on how to generate activation code - Activation code not generated in connected registration flow) and only after the VCF Operations successfully accepts the code status will get updated to Licensed / Unlicensed.