HashKey has obtained permission from Hong Kong to manage an all-digital asset portfolio.
Having raised $360 million for a new blockchain project earlier this year, HashKey Group has invested in leading projects from Polkadot Blockchain to decentralized exchange dYdX. The company, which accelerated its work in the sector, was given the green light for crypto portfolio management by Hong Kong.
Approval to HashKey from Hong Kong
Digital asset management firm HashKey has announced that it has received approval from the Hong Kong Securities and Futures Commission (SFC) and can manage crypto portfolios.
HashKey, along with Huobi and MaiCapital Limited crypto companies, are among the companies that have licensed the SFC’s registry. With the permission of the SFC, it will begin managing portfolios that are 100 percent invested in crypto.
HashKey Group President Dr. Xiao Feng said in the press release regarding the license:
“This Type 9 license upgrade reinforces our commitment to fostering and advancing the Blockchain community in Hong Kong and across Asia”
As crypto companies expand their services, countries with high crypto adoption are also opening doors of opportunity for companies. Hong Kong recently licensed Gate.io Group’s Hippo Financial Services to offer digital asset custody services.
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