HashKey Capital has received approval from Hong Kong's Securities and Futures Commission to manage cryptocurrency investments.
SFC Approval for HashKey Capital
HashKey Capital has obtained approval from Hong Kong's Securities and Futures Commission to offer discretionary account management under the existing Type 9 license, allowing the company to offer cryptocurrency investment strategies to professional investors.
New Opportunities for Investors
HashKey Capital can now manage investment products like spot crypto, derivatives, and over-the-counter trades for wealthy clients, granting more flexibility and allowing investors to focus on their financial goals. 'Professional investors do not want to be late and miss out on key new opportunities in crypto,' noted Vivien Wong.
Hong Kong Expands Crypto Ambitions
Hong Kong is doubling down on its ambition to become a global crypto hub, with its securities regulator proposing expanding its crypto oversight team, budget plans for 2025–26 aim for 15 new hires, eight of whom will focus on virtual asset regulation.
The SFC approval expands HashKey Capital's capabilities in managing cryptocurrency investments, highlighting the growing interest and trust in the sector in Hong Kong.
