HashKey Capital Secures Approval to Offer Crypto Investment Strategies in Hong Kong

HashKey Capital has received approval from the Securities and Futures Commission (SFC) of Hong Kong to offer discretionary account management for cryptocurrencies under its existing type 9 license. This development enables the firm to provide professional investors with a range of crypto investment strategies.

Expanding Services for Professional Investors

With this approval, HashKey Capital can manage investment products such as spot crypto, derivatives, and over-the-counter trades for its clients. According to Vivien Wong, Partner at Liquid Funds, investors have historically been cautious about entering the virtual asset space due to associated risks.

With our discretionary account management services, we provide clients with the confidence to invest in this sector.

HashKey Capital’s approval allows the firm to manage portfolios across several pre-approved crypto exchanges, offering clients greater flexibility. The company will handle tasks such as asset allocation, monitoring, and rebalancing, enabling clients to focus on their financial goals.

Meeting the Needs of Professional Investors

As Wong noted, professional investors want to capitalize on new opportunities in the crypto space while maintaining regulatory compliance. HashKey Capital’s services cater to these needs, providing a secure and regulated environment for investors to engage with cryptocurrencies.

Hong Kong’s Ambition to Become a Global Crypto Hub

Hong Kong is strengthening its position as a global crypto hub, with the SFC proposing an expansion of its crypto oversight team. The regulator is seeking 15 new hires, eight of whom will focus on virtual asset regulation, as outlined in its budget plan for the 2025-26 financial year.

The budget proposal projects the SFC’s recurrent expenditure to reach HK$2.59 billion ($332.4 million) for the next fiscal year, representing a 7.2% increase from the previous year’s forecast.

For more news on the crypto industry, visit Global Crypto News.

Key Takeaways:

  • HashKey Capital has received approval from the Hong Kong SFC to offer discretionary account management for cryptocurrencies.
  • The firm can now manage investment products such as spot crypto, derivatives, and over-the-counter trades for professional investors.
  • Hong Kong is strengthening its position as a global crypto hub, with the SFC proposing an expansion of its crypto oversight team.
  • The regulator is seeking 15 new hires, eight of whom will focus on virtual asset regulation.

Crypto Investment Strategies and Regulatory Compliance are crucial for professional investors. HashKey Capital’s approval and Hong Kong’s ambition to become a global crypto hub demonstrate the growing importance of the crypto industry in the region.

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