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The Securities and Futures Commission (SFC) of Hong Kong has awarded an enhanced license to HashKey Capital. This upgrade allows HashKey to provide its services to retail investors, lifting the previous limitation that restricted its clientele to professional investors only, the company announced on Thursday.
This regulatory endorsement indicates a possible avenue for HashKey Capital to launch virtual asset investment products aimed at retail investors. Nevertheless, such offerings are still dependent on securing the required product approvals from the SFC.
“This advancement not only highlights our leadership in the sector but also creates exciting opportunities for retail investors to access our fund products and engage in the expanding digital asset market through a reliable and regulated platform,” stated Deng Chao, CEO of HashKey Capital.
Additionally, the upgrade is expected to act as a catalyst for HashKey’s market growth. It has the potential to open new markets and opportunities, allowing the firm to develop a broader investor base and reinforce its status as a leader in the digital asset management field.
Hong Kong Set for Bitcoin ETF Launch
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This development coincides with the SFC’s goal to approve the first set of Spot Bitcoin Exchange-Traded Funds (ETFs) on April 15. In preparation for this initial approval announcement, the SFC revised its list of authorized fund companies on Wednesday. This updated list notably featured well-known Chinese asset managers Harvest Global Investment and China Asset Management.
Last week, HashKey revealed a strategic partnership with Bosera Funds. This collaboration is centered on providing virtual asset Spot ETFs and financial technology. Through this alliance, both entities aim to create innovative products, engage in joint research on emerging technologies, and work together on initiatives such as talent development, technology sharing, and market growth.
New HashKey Platform Aims at International Crypto Users
Recently, HashKey launched its new global trading platform, which offers a range of over 20 cryptocurrencies for trading. It targets international markets, excluding areas with cryptocurrency restrictions, such as mainland China, Hong Kong, and the US.
The platform plans to introduce futures trading capabilities within the first three months after its launch.
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