AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights:
- HashKey secures approval from Hong Kong’s Securities and Futures Commission (SFC).
- Firm can now offer tailored virtual asset services to professional clients.
- HashKey enhances its global presence with additional licensing in Dubai.
HashKey has recently achieved a significant milestone with the approval from Hong Kong's Securities and Futures Commission (SFC) to offer discretionary account management services for virtual assets (VAs). This authorization enables the firm to manage tailored investment strategies, including spot crypto investments and derivatives, under its type 9 license. Professional clients in Hong Kong can now access specialized crypto services designed to align with their specific financial goals.
Expanding Services to Professional Clients
With the SFC’s approval, HashKey can now provide end-to-end investment solutions to professional clients, offering spot investments, over-the-counter (OTC) trading, and derivatives services. The firm’s discretionary account management service allows for customized asset allocation and management based on individual client mandates. This service has the advantage of giving clients the flexibility to navigate the crypto market with the guidance of seasoned professionals.
Vivien Wong, a Partner at Liquid Funds, commented that while many investors have been hesitant to enter the virtual asset space due to its complexities, the new offering from HashKey instills confidence by enabling professionals to manage portfolios in line with specific financial objectives.
Regulatory Compliance and Platform Flexibility
HashKey’s regulatory approval ensures that its clients have access to a secure, multi-platform trading environment. By working with a list of pre-approved exchanges that meet stringent standards for security and regulatory compliance, HashKey can offer diversified trading opportunities. This approach helps mitigate risks associated with relying on a single exchange, while providing clients with a dynamic trading environment suited to their needs.
The approval also allows HashKey Capital to oversee the entire process of asset management. Regular monitoring and comprehensive reporting are also integral parts of the service, helping clients stay informed about the status of their portfolios.
Expanding Global Reach with Dubai Approval
In addition to its success in Hong Kong, HashKey recently secured In-Principle Approval (IPA) from the Virtual Assets Regulatory Authority (VARA) in Dubai. This approval allows the firm to extend its services to the Middle East, strengthening its position as a trusted leader in the virtual asset space.
The IPA from VARA enables HashKey to provide Virtual Asset Exchange Services and Virtual Asset Broker-Dealer Services to a broad range of clients, including retail, qualified investors, and institutions in Dubai. The final approval of the Virtual Asset Service Provider (VASP) license will further solidify HashKey's status as a global player in the digital asset sector.
Through its continued regulatory advancements and expansion into new markets, HashKey is positioning itself as a prominent provider of secure and regulated virtual asset services worldwide. The firm’s regulatory approvals in both Hong Kong and Dubai reflect its growing influence in the digital asset industry and commitment to offering professional clients reliable, tailored services.
