On March 18, 2025, HashKey Capital announced the acquisition of a Type 1 license from Hong Kong's Securities and Futures Commission, allowing it to deal in securities, including virtual assets.
Securing the Type 1 License
The acquisition of the Type 1 license represents a crucial step for HashKey Capital, aligning with Hong Kong's regulatory efforts. This follows previous Type 4 and 9 licenses, significantly enhancing the firm's services.
Market Reaction to HashKey's License
Latest market data shows Bitcoin trading at $28,000, within a range of $27,500 to $28,400. The market reaction to the announcement remains steady, reflecting past licensing efforts.
Expert View on Strategic Licensing
Previous licenses, such as Type 4 and 9, laid the groundwork for this latest approval. Experts believe this will enhance HashKey's market capabilities for crypto-securities.
HashKey Capital's acquisition of the Type 1 license marks a significant milestone for the company, reinforcing its position in the Asian digital asset market.
