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HashKey Capital Secures Dual Licenses for Retail Crypto Services in Hong Kong
The virtual wealth management provider HashKey Capital Limited has secured both updated Type 4 and Type 9 licenses from the Securities and Futures Commission (SFC), becoming the first firm authorized to offer a full suite of securities and virtual asset management and advisory services to retail investors in Hong Kong.
Company representatives told Finance Magnates that this move aims to position HashKey Capital as one of the leading cryptocurrency companies operating in the region.
The Type 4 license, obtained under license number BOP237, authorizes HashKey Capital to provide securities and virtual asset advisory services, subject to conditions such as due diligence and investor knowledge assessment.
This milestone follows the company’s success Type 9 license update earlier this yearwhich allowed it to manage virtual asset investment products for retail investors.
Jupiter Zheng, director of research at HashKey Capital
“We are now the only dual-licensed entity in Hong Kong,” Jupiter Zheng, director of research at HashKey Capital, told Finance Magnates. “This means we can offer a full range of products and services for private and institutional investors.”
As he pointed out, the company offers numerous different products, which can be brought together thanks to dual licensing. These include internal fund offerings, investment product advice, research reporting and digital asset investor education.
“For TradFi investors, these licenses increase confidence in our ability to offer compliant investment services to the public,” added Vivien Wong, Liquid Fund Partner at HashKey Capital.
One month ago, the Asian company also introduced the HashKey Global exchange after obtaining a license in Bermuda to offer regulated digital asset trading services.
Proof of suitability
To access HashKey Capital’s virtual wealth advisory services, all clients must pass an eligibility test, which helps the firm understand investors’ financial status, geopolitical status, investment outlook and risk tolerance
Vivien Wong, the Liquid Fund Partner of HashKey Capital
“All clients, whether retail or institutional investors, must pass an eligibility test before HashKey Capital can provide them with its virtual asset advisory services,” Wong added. “The suitability test will help HashKey Capital understand their financial situation and can determine what type of advice to provide them.”
As he pointed out, further tests will be conducted regularly and KYC procedures will be carried out for their investors.
The latest moves follow the introduction of the Bosera HashKey Bitcoin and Ether spot ETFs, managed by Bosera Asset Management (International) Co., Limited, with HashKey Capital Limited serving as sub-investment manager.
Since its inception, HashKey Capital has managed over $1 billion in client assets and made more than 500 investments in infrastructure, tools and applications
The virtual wealth management provider HashKey Capital Limited has secured both updated Type 4 and Type 9 licenses from the Securities and Futures Commission (SFC), becoming the first firm authorized to offer a full suite of securities and virtual asset management and advisory services to retail investors in Hong Kong.
Company representatives told Finance Magnates that this move aims to position HashKey Capital as one of the leading cryptocurrency companies operating in the region.
The Type 4 license, obtained under license number BOP237, authorizes HashKey Capital to provide securities and virtual asset advisory services, subject to conditions such as due diligence and investor knowledge assessment.
This milestone follows the company’s success Type 9 license update earlier this yearwhich allowed it to manage virtual asset investment products for retail investors.
Jupiter Zheng, director of research at HashKey Capital
“We are now the only dual-licensed entity in Hong Kong,” Jupiter Zheng, director of research at HashKey Capital, told Finance Magnates. “This means we can offer a full range of products and services for private and institutional investors.”
As he pointed out, the company offers numerous different products, which can be brought together thanks to dual licensing. These include internal fund offerings, investment product advice, research reporting and digital asset investor education.
“For TradFi investors, these licenses increase confidence in our ability to offer compliant investment services to the public,” added Vivien Wong, Liquid Fund Partner at HashKey Capital.
One month ago, the Asian company also introduced the HashKey Global exchange after obtaining a license in Bermuda to offer regulated digital asset trading services.
Proof of suitability
To access HashKey Capital’s virtual wealth advisory services, all clients must pass an eligibility test, which helps the firm understand investors’ financial status, geopolitical status, investment outlook and risk tolerance
Vivien Wong, the Liquid Fund Partner of HashKey Capital
“All clients, whether retail or institutional investors, must pass an eligibility test before HashKey Capital can provide them with its virtual asset advisory services,” Wong added. “The suitability test will help HashKey Capital understand their financial situation and can determine what type of advice to provide them.”
As he pointed out, further tests will be conducted regularly and KYC procedures will be carried out for their investors.
The latest moves follow the introduction of the Bosera HashKey Bitcoin and Ether spot ETFs, managed by Bosera Asset Management (International) Co., Limited, with HashKey Capital Limited serving as sub-investment manager.
Since its inception, HashKey Capital has managed over $1 billion in client assets and made more than 500 investments in infrastructure, tools and applications