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  • Writer's pictureHashKey Group

HashKey Exchange Announces Official Uplift of Type 1 and Type 7 Licences, Becomes the Licensed Virtual Asset Exchange to Offer Retail Services in Hong Kong

Updated: Mar 8



Hong Kong, 3 August 2023 - HashKey Exchange, a Hong Kong Securities and Futures Commission (SFC) licensed virtual asset exchange, officially announces the upgrade of Type 1 and Type 7 licences, becoming one of the first batch of licensed virtual asset exchanges to offer retail services in Hong Kong. As an existing Type 1 and Type 7 licences holder, HashKey Exchange successfully underwent a simplified process to obtain the licence upgrade. The successful license upgrade allows HashKey Exchange to expand its business scope from serving professional investors to retail users, fulfilling market demand for a licensed platform that offers users a safer and simpler process for buying and storing cryptocurrencies. HashKey Exchange also announces a brand revamp, now providing both professional investors and retail users with more secure and convenient virtual asset trading experiences.

Livio Weng, COO of HashKey Group said:" We are thrilled to introduce the licensed trading platform in Hong Kong dedicated to serving retail users. With the establishment of licensed trading platforms and the further clarity of regulatory frameworks in Hong Kong, the industry as a whole will witness increased transparency, leading to a significant boost in investor confidence. As an industry leader, we will continue to fulfill our commitments in compliance, safety and security, ensuring our user benefits are fully protected and creating a trading platform tailored to retail users."

 

Safety remains a top priority for HashKey Exchange. The platform was designed and developed from the outset in accordance with regulatory requirements to achieve native compliance, with a focus on multi-layered protection of user assets. User funds are kept under segregated accounts, separated from platform operations, with 98% in cold storage and 2% in hot wallets. In addition, the platform strictly adheres to regulatory requirements and undergoes regular audits and compliance inspections conducted by the Big 4 auditing firms, establishing itself as one of the most secure exchanges globally.

 

In addition to supporting fiat currency deposits and withdrawals, HashKey Exchange will establish more partnerships with top tier banks to provide convenient fiat currency funding and withdrawal services for users. Simultaneously, HashKey Exchange has officially launched HashKey Brokerage. This is a compliant OPT services in Hong Kong following the implementation of the new virtual asset exchange regulatory framework by the Securities and Futures Commission in June. The platform offers high liquidity bulk trading for investors and high-net-worth clients, providing a secure and reliable channel for fund circulation.

 

Recently, HashKey Exchange has been actively expanding its team, onboarding over ten senior professionals with extensive experience in exchange operations. They will collaborate with top financial experts in Hong Kong to form the core team of HashKey Exchange, ensuring exceptional product quality and user experience.

 

HashKey Exchange has officially opened pre-registration, and registered users will be rewarded with HashKey EcoPoints (HSK). To commemorate this milestone, a grand ceremony will be held in August, bringing together all business partners to celebrate and unveil the trading APP for retail users.

 

About HashKey Exchange

On a mission to set the bar for virtual asset exchanges in compliance, safety, and security, Hash Blockchain Limited (HashKey Exchange) is among the first batch of licensed virtual asset exchanges to offer retail services in Hong kong. HashKey Exchange has recently received approval from the Securities and Futures Commission (SFC) of Hong Kong to operate a virtual asset trading platform under Type 1 (Dealing in securities) licence and Type 7 (Providing automated trading services) licence. As HashKey Group's exchange business, HashKey Exchange provides all-in-one trading services for both professional investors (PI) and retail investors. HashKey Exchange has obtained ISO 27001 (Information Security) and ISO 27701 (Data Privacy) management system certifications.

 

Stay tuned for more details about HashKey Exchange.

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For media enquiries and more information, please contact:HashKey ExchangeLuna WangSenior PR Manager

 

About HashKey Group

HashKey Group is an end-to-end digital asset financial services group in Asia. The Group provides a complete ecosystem across the entire digital asset landscape, ranging from trading, custody, venture investment, technologies to Web3 infrastructure. HashKey’s senior team has decades of investment and trading experience and deep market insights gained from tier-one banks, regulators and FinTech ventures. By bringing together the most advanced blockchain research and development and technologies, HashKey identifies potential opportunities and delivers end-to-end solutions that operate within regulatory frameworks with the highest compliance standards. The Group has operations in Hong Kong, Singapore and Japan, and extensive partnerships with FinTech and blockchain solutions providers, academic institutions and associations.

 

Notes and Disclaimer:

Views, information and opinions expressed in this material are those of the individuals involved and do not necessarily represent that of the HashKey Group (including any of its affiliates). While we make every effort to ensure that the information we are sharing is accurate, we welcome any comments, suggestions, or correction of errors.This material should not be considered as an offer or solicitation to sell, buy or subscribe to any financial instruments or product, securities or any derivative instrument, or any other rights pertaining thereto. We are not acting as a financial adviser, consultant or fiduciary to you with respect to any information provided in this material.  We do not express any opinion or recommendation whatsoever as to any strategies, products or any other information presented in the materials.Any decision made by a party after accessing to this material shall be on the basis of its own research and not be influenced or based on any view expressed in this material or otherwise. This material does not address all risks. This material does not constitute investment advice or a recommendation and has been prepared without regard to individual financial circumstances, objectives or particular needs of you. You should seek their own financial, tax, legal, regulatory and other advice regarding the appropriateness or otherwise of investing in any investments and/or pursuing any investment strategies.The HashKey Group does not express any opinion as to the present or future value or price of any instruments referred to in this material.By accessing this material, you acknowledge that the HashKey Group makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this material. The information, opinions, and recommendations presented in this material are for general information only and any reliance on the information provided in this material is done at your own risk. This material should not be considered professional advice. Moreover, the HashKey Group makes no warranty that this material, or the medium that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.By accessing this material, you acknowledge that the entire contents and design of this material, are the property of the HashKey Group, or used by the HashKey Group with permission, and are protected under applicable copyright and trademark laws. Except as otherwise provided herein, users of this material may save and use information contained in this material only for personal or other non-commercial, educational purposes. No other use, including, without limitation, reproduction, retransmission or editing, of this material may be made without the prior written permission of the HashKey Group.Unless specifically stated otherwise, the HashKey Group does not endorse, approve, recommend, or certify any information, product, process, service, or organisation presented or mentioned in this material, and information from this material should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this material do not necessarily reflect the opinions, standards or policies of the HashKey Group.The HashKey Group assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this material or the compliance with applicable laws of such materials and/or links referenced herein.The HashKey Group expressly disclaims any and all liability or responsibility for any direct, indirect, incidental, special, consequential or other damages arising out of any individual’s use of, reference to, reliance on, or inability to use, this material or the information presented in this material.

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