The Hong Kong Securities and Futures Commission (SFC) has granted an expansion license to Hashkey Capital. The upgrade allows HushKey to serve retail investors, lifting previous restrictions that limited its customers to only professional investors, the company announced Thursday.
This regulatory approval signifies a potential pathway for HashKey Capital to introduce virtual asset investment products to retail investors. However, such products are subject to obtaining the necessary product approval from his SFC.
Deng Chao, CEO of Hashkey Capital, said: “This development not only demonstrates our leadership in the industry, but also provides retail investors with access to our fund products in a trusted and regulated manner. It also opens up exciting opportunities to participate in the growing digital asset market through the platform.”
Additionally, this upgrade is expected to act as a catalyst for HashKey's market expansion. This has the potential to open up new markets and opportunities, allowing the company to develop a broader investor base and solidify its position as a leader in the digital asset management space.
Hong Kong prepares to launch Bitcoin ETF
Development is done as follows SFC aims to approve first group of Spot Bitcoin exchange-traded funds In anticipation of this first approval announcement, the SFC updated the list of approved fund companies on Wednesday. Notably, the list included prominent Chinese asset managers Harvest Global Investment and China Asset Management.
Last week, HashKey announced: strategic collaboration with the Vocera Foundation. The deal focuses on offering virtual asset spot ETFs and financial technology. Through this partnership, the two companies aim to collaborate on initiatives such as new product development, joint research on emerging technologies, talent development, technology exchange, and market expansion.
New HashKey platform targets overseas cryptocurrency users
Recently, HashKey has New global trading platform, offers a selection of over 20 cryptocurrencies for trading. We focus on international markets excluding regions with cryptocurrency regulations such as mainland China, Hong Kong, and the United States.
The platform plans to introduce futures trading functionality within the first three months of launch.