HashKey Capital Limited of Hong Kong announced that it has secured a Type 9 asset management license from the Securities and Futures Commission (SFC) of Hong Kong, allowing it to manage portfolios that are entirely invested in cryptos.
The SFC’s records have shown that the company is one of the few licensed virtual asset managers — including MaiCapital Limited and Huobi — in Hong Kong.
Dr. Xiao Feng, Chairman of HashKey Group, stated in the press release that the Type 9 license evaluation “reinforces our commitment to promoting and expanding the blockchain community in Hong Kong and across Asia.”
HashKey Group raised $360 million worth of blockchain fund during early-2022. So far, the funds were used to invest in well-known projects like the decentralized exchange dYdX and the Polkadot blockchain.
Previously, the firm has also funded some of the largest blockchain projects across the world such as cross-chain protocol Polkadot, crypto lender BlockFi, DeFi protocol Terra, and metaverse fund Animoca.
