Hong Kong, April 11, 2024 – HashKey Capital, one of the largest institutional digital asset managers in the blockchain space, is excited to announce that the Securities and Futures Commission (SFC) of Hong Kong has granted an upgrade to its licensing conditions which previously restricted HashKey Capital Limited from serving retail investors, through a waiver of HashKey Capital Limited’s ‘professional investors only’ licensing condition.
As one of the first virtual asset management firms to receive such a notable licensing upgrade, this approval paves the way for HashKey Capital Limited to manage virtual asset investment products that may be offered to retail investors, subject to securing the requisite product authorisations from the SFC. This highlights HashKey’s frontrunning position in regulatory compliance and investor protection within the virtual asset industry.
"The licence upgrade is a testament to our unwavering commitment to regulatory compliance and investor protection," said Deng Chao, Head of HashKey Singapore and CEO of HashKey Capital. "This development not only demonstrates our leadership in the industry but also opens up exciting opportunities for retail investors to access our fund products and participate in the growing digital asset market through a trusted and regulated platform."
Furthermore, this upgrade is expected to catalyse market expansion for HashKey Capital. It could potentially open up new markets and opportunities, allowing the firm to reach a broader investor base and expand its influence in the digital asset management sector. This expansion aligns with HashKey Capital's strategic vision of providing diversified and innovative investment solutions in the ever-evolving digital asset landscape.
On April 6, HashKey Capital also announced a strategic partnership with Bosera International, aimed at driving innovation and fostering growth. Along with the recent licence upgrade, the collaboration is expected to pave the way for innovative fund products, including spot ETFs, and new investment opportunities for retail investors.
About HashKey Capital
Global in influence and crypto-native, HashKey Capital is a digital asset and blockchain leader helping institutions, founders and talents advance the blockchain industries.
As one of the largest crypto funds and the earliest institutional investor in Ethereum, HashKey Capital has managed over US$1 billion in client assets since its inception, with over 500 investments in infrastructure, tools, and applications.
With our deep knowledge across the blockchain ecosystem, HashKey Capital has built a robust network connecting founders, investors, developers, and regulators.
For media enquiries, please contact siya.yang@hashkey.com
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