Supply: Midjourney
Hong Kong’s Securities and Futures Fee (SFC) granted an expanded license to HashKey Capital. This improve permits HashKey to supply its companies to retail buyers, eradicating the prior restriction that restricted its clientele to skilled buyers solely, the agency mentioned Thursday.
This regulatory approval signifies a possible pathway for HashKey Capital to introduce digital asset funding merchandise to retail buyers. Nonetheless, such choices stay contingent upon acquiring the mandatory product approvals from the SFC.
“This improvement not solely demonstrates our management within the business but additionally opens up thrilling alternatives for retail buyers to entry our fund merchandise and take part within the rising digital asset market by means of a trusted and controlled platform,” mentioned Deng Chao, CEO of HashKey Capital.
Furthermore, the improve is anticipated to function a catalyst for HashKey’s market enlargement. It has the potential to unlock new markets and alternatives, enabling the agency to domesticate a wider investor base and solidify its place as a pacesetter within the digital asset administration area.
Hong Kong Poised for Bitcoin ETF Launch
The event comes because the SFC goals to approve the primary group of Spot Bitcoin Trade-Traded Funds (ETFs) on April 15. In anticipation of this preliminary approval announcement, the SFC up to date its record of approved fund corporations on Wednesday. Notably, this record included outstanding Chinese language asset managers Harvest International Funding and China Asset Administration.
Final week, HashKey introduced a strategic collaboration with Bosera Funds. This settlement focuses on providing digital asset Spot ETFs and monetary expertise. Via this partnership, each events purpose to develop novel merchandise, conduct joint analysis on rising applied sciences, and collaborate on initiatives resembling expertise coaching, expertise alternate, and market enlargement.
New HashKey Platform Targets Worldwide Crypto Customers
Just lately, HashKey unveiled its new world buying and selling platform, providing a number of over 20 cryptocurrencies for buying and selling. It focuses on worldwide markets, excluding areas with crypto restrictions, resembling mainland China, Hong Kong, and the US.
The platform intends to introduce futures buying and selling capabilities throughout the first three months following its launch.
