2 years ago
Hong Kong’s HashKey precocious received a fig of licenses from section regulators, allowing it to grow its scope of products and services.
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Hong Kong-based integer plus steadfast HashKey Group has launched a caller wealthiness absorption level geared toward nonrecreational and organization investors.
In an April 14 announcement, HashKey cited “significant request from investors to entree virtual assets” arsenic the crushed for its determination into the wealthiness absorption space.
Deng Chao, the CEO of the group's task superior limb HashKey Capital, noted the work allows it to connection solutions to assistance pat into the “growing opportunities of virtual assets.”
HashKey pointed to a 2022 survey from consultancy steadfast Boston Consulting Group (BSG) which recovered 0.3% of idiosyncratic wealthiness is invested successful crypto compared to the 25% invested successful equities.
A screenshot from BSG’s 2022 study highlighting the maturation imaginable for crypto. Source: BSGIt claims this signals determination is “potential robust request for virtual assets successful the future,” a sentiment that was shared by BSG erstwhile it initially published the report.
On Sept. 13, 2022, HashKey announced that it had been granted a “Type 9 plus absorption license” by Hong Kong’s Securities and Futures Commission (SFC) allowing it to negociate portfolios that lone incorporate virtual assets and apt paved the mode for its latest offering.
Related: Hong Kong virtual slope to connection crypto conversions and accounts: Report
In the latest announcement, HashKey besides noted that “recent challenges successful the crypto marketplace person highlighted the request for heavy and reliable liquidity.”
In response, HashKey said it would beryllium expanding its over-the-counter trading work by expanding the fig of tokens successful its spot marketplace and expanding its liquidity sum to 24/7.
On Jan. 17 HashKey closed a $500 cardinal concern round for a money that it plans to usage to assistance propulsion for wide adoption of blockchain and crypto technologies.
— HashKey Group (@HashKeyGroup) January 17, 2023Cointelegraph contacted HashKey for remark but did not instantly person a response.
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