The Hong Kong branch of China Asset Management has signed a memorandum of understanding (MoU) in partnership with Hashkey Exchange and HamsaTech Hong Kong.

This collaboration seeks to mutually promote and advance Web 3.0 projects within the asset management industry in Hong Kong.

Hong Kong Looks to Seize ‘Golden Opportunity’ of Web3

The Hong Kong Government's 2023-2024 Budget highlighted the importance of seizing the Web 3.0 opportunity. During Hong Kong FinTech Week 2023, the Financial Services and the Treasury Bureau (FSTB) introduced significant initiatives for fintech advancement, especially in real economy applications and digital assets/Web 3.0.

To enhance investor protection and encourage innovation in virtual assets, the Securities and Futures Commission (SFC) implemented new regulations and issued guidelines for intermediaries involved in tokenized securities and SFC-authorized investment products.

China Asset Management (HK), a prominent player in Hong Kong's asset management, is at the forefront of transforming the traditional industry by integrating traditional finance with virtual assets and cutting-edge technologies, aiming to facilitate broader participation and responsible growth in Hong Kong's virtual assets sector.

HashKey Exchange is Among Few Licensed Crypto Exchange in Hong Kong

HashKey Exchange stands out as one of the select cryptocurrency exchanges that have successfully secured a license in Hong Kong. Within the HashKey Group, various institutional services are available, encompassing omnibus trading and tokenization solutions.

HashKey Brokerage specializes in large-scale over-the-counter trading tailored for professional investors, while HashKey Xpert offers secure institutional-grade custody services for virtual assets.

The collaboration with Hamsa, recognized for its extensive experience and leading-edge blockchain technology in the virtual assets arena, is poised to enhance the array of investment options available to Hong Kong investors, offering a more comprehensive and innovative selection.