HashKey in Hong Kong recently got a number of licences from local authorities, which will allow it to offer more goods and services.
HashKey Group, a digital asset company based in Hong Kong, has released a new wealth management tool for institutional and professional investors.
In a press release from April 14, HashKey said that it was moving into the wealth management area because “there is a large demand from investors to access virtual assets.”
HashKey Capital is the venture capital part of the group. Its CEO, Deng Chao, said that the service lets the group offer solutions to help people take advantage of the “growing opportunities of virtual assets.”
Boston Consulting Group’s 2022 study found 0.3% of individual wealth invested in crypto compared to 25% in equities, according to HashKey.
It says that this means there will be “potentially strong demand for virtual assets in the future,” which is what BSG thought when it first put out the study.
HashKey announced on Sept. 13 that Hong Kong’s Securities and Futures Commission had awarded it a Type 9 asset management licence” to manage portfolios of virtual assets, potentially paving the way for its latest offering.
In the latest announcement, HashKey also noted that “recent challenges in the crypto market have highlighted the need for deep and reliable liquidity.
HashKey said in response that it would increase its over-the-counter trading service by adding more tokens to its spot market and making it available 24/7.
HashKey raised $500 million for a fund to promote blockchain and crypto adoption on Jan. 17.
We're delighted to share that @HashKey_Capital successfully closed its Fund III, having raised a total of $500 million.
