The Hong Kong Securities and Futures Commission has granted the exchange of HashKey's asset management license to 100% crypto.
The venture arm of HashKey Group, a financial firm focused on digital assets, was able to move its 100% portfolio to crypto, after receiving approval from the Securities and Exchange Commission and The Future of Hong Kong (SFC).
HashKey Capital is excited to share that HashKey Capital Limited, has been granted an uplift of its Type 9 asset management license by the SFC of Hong Kong, so as to manage a portfolio of 100% virtual assets.— HashKey Capital (@HashKey_Capital) September 13, 2022
Accordingly, HashKey Capital received a class 9 asset management license from SFC. The company is one of the few licensed virtual asset managers in Hong Kong, besides Huobi and MaiCapital Limited.
HashKey Group Chairman Dr. Xiao Feng said in the statement:
“The Class 9 license upgrade reinforces our commitment to empowering the community blockchain in Hong Kong and across Asia. HashKey Group is one of the industry's first supporters cryptocurrency. We are dedicated to the development of the ecosystem blockchain and cryptocurrency special support and at the same time backing the sustainable development of the industry.”
HashKey Group was founded in 2018 and has managed over $1 billion in assets since its inception. Earlier this year, the company raised a blockchain fund worth $360 million and used part of the fund to invest in prominent projects on the ecosystem. Polkadot.