The Hong Kong Securities and Futures Commission has granted the exchange of HashKey’s asset management license to one hundred% cryptocurrencies.
The investment arm of HashKey Group, a economic firm centered on digital assets, was ready to transfer one hundred% of its portfolio into cryptocurrencies, just after acquiring approval from the Securities and Exchange Commission and The Future of Hong Kong ( SFC).
HashKey Capital is thrilled to share that HashKey Capital Limited has obtained an raise in its Type 9 asset management license from the SFC of Hong Kong, in buy to control a one hundred% virtual asset portfolio.
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– HashKey Capital (@HashKey_Capital) September 13, 2022
As a end result, HashKey Capital has acquired a Class 9 Wealth Management License from SFC. The firm is 1 of the couple of licensed virtual wealth managers in Hong Kong, along with Huobi and MaiCapital Limited.
HashKey Group President Dr. Xiao Feng stated:
“The Category 9 license upgrade strengthens our commitment to advance the blockchain community in Hong Kong and across Asia. HashKey Group is one of the earliest supporters of the cryptocurrency industry. We are dedicated to the development of blockchain and cryptocurrency ecosystems, in particular by supporting and supporting the sustainable development of the sector “.
HashKey Group was founded in 2018 and has managed in excess of $ one billion in assets given that its inception. Earlier this 12 months, the firm raised a blockchain fund worth $ 360 million and use element of the fund to invest in excellent tasks on the Polkadot ecosystem.
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