HashKey Capital has been granted an expanded license by the Securities and Futures Commission (SFC) of Hong Kong, allowing the firm to offer its services to retail investors. This upgrade removes the prior restriction that limited its clientele to professional investors only. The regulatory approval signifies a potential pathway for HashKey Capital to introduce virtual asset investment products to retail investors, contingent upon obtaining necessary product approvals from the SFC.
Deng Chao, CEO of HashKey Capital, highlighted the significance of this development, emphasizing the firm’s leadership in the industry and the exciting opportunities it opens up for retail investors to access fund products and participate in the growing digital asset market through a trusted and regulated platform.
The upgraded license is expected to catalyze HashKey’s market expansion, unlocking new markets and opportunities, and enabling the firm to cultivate a wider investor base, solidifying its position as a leader in digital asset management.
Additionally, the timing coincides with the SFC’s aim to approve the first group of Spot Bitcoin Exchange-Traded Funds (ETFs) on April 15, with several prominent Chinese asset managers poised for potential approval. HashKey’s recent collaboration with Bosera Funds furthers its commitment to innovation and collaboration in the digital asset space.
Furthermore, HashKey’s launch of a new global trading platform targeting international markets signals its ongoing efforts to expand its footprint beyond Hong Kong and mainland China. The platform, offering a selection of over 20 cryptocurrencies for trading, plans to introduce futures trading capabilities within the first three months following its launch.
Overall, HashKey’s expanded license and strategic initiatives position it for significant growth and leadership in the digital asset management sector, leveraging regulatory approvals and innovative offerings to cater to the evolving needs of retail and institutional investors alike.
