HashKey Capital Receives SFC Approval for Virtual Asset Management Services
HashKey Capital has received approval from Hong Kong's Securities and Futures Commission (SFC) to offer discretionary account management services for virtual assets. This allows professional investors access to curated investment strategies under its Type 9 license.
The key points include:
- Positions HashKey as one of the few fund managers in Hong Kong authorized for these services.
- Ability to manage spot crypto investments and derivatives across approved trading platforms.
- Offers flexibility and regulatory compliance for virtual asset investments.
- Discretionary services include OTC trading, staking, and customized investment plans.
- Investors can choose pre-set strategies or create tailored plans.
HashKey Capital aims to enhance its role in Hong Kong's digital assets sector, which is striving for a comprehensive regulatory framework. The firm's recent achievements also include securing a Virtual Asset Service Provider (VASP) license in Ireland and a Type 4 license from the SFC for managing securities and virtual assets for retail investors.
In December 2023, its Singapore subsidiary obtained a Capital Markets Services (CMS) license from the Monetary Authority of Singapore, reflecting its growing regulatory presence in the region.