Hong Kong has approved investment company and asset manager HashKey Capital Limited to manage portfolios invested 100% in crypto.
Headquartered in Hong Kong, HashKey Capital Limited secured a Type 9 asset management license from the Securities and Futures Commission (SFC) and will now manage funds exclusively investing in virtual assets in line with the SFC’s regulations.
The company joins the small portion of licensed virtual asset managers in Hong Kong alongside MaiCapital and Huobi, according to records from the SFC.
HashKey Group chairman Dr Xiao Feng said: “We are dedicated to the development of the blockchain and crypto ecosystem, and it has long been our goal to actively support regulation while aiding the industry's sustainable growth.
“This Type 9 license uplift reinforces our commitment to fostering and advancing the blockchain community in Hong Kong and across Asia.”
HashKey Group has recently raised a $360m blockchain fund invested in projects from decentralized exchange dYdX and the Polkadot blockchain.
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