HashKey Capital wins regulatory approval to target professional crypto investors in Hong Kong

With its newest approval from Hong Kong’s SFC, HashKey Capital can supply crypto funding methods to skilled buyers.

HashKey Capital has acquired approval from Hong Kong‘s Securities and Futures Fee to supply discretionary account administration for cryptocurrencies below the prevailing kind 9 license, the agency revealed in a Wednesday blog announcement.

The approval means HashKey Capital can now handle funding merchandise like spot crypto, derivatives, and even over-the-counter trades for rich shoppers. Vivien Wong, Associate at Liquid Funds, says buyers have “traditionally been cautious about getting into the digital asset house because of the related dangers.”

“With our discretionary account administration providers, we offer shoppers with the arrogance to discover this sector.”

Vivien Wong

With the approval, HashKey Capital can now handle portfolios throughout a number of pre-approved crypto exchanges, giving shoppers extra flexibility, the announcement reads. HashKey says it might deal with the whole lot from asset allocation to monitoring and rebalancing, so shoppers can concentrate on their monetary objectives. “Skilled buyers don’t need to be late and miss out on key new alternatives in crypto. On the similar time, they need to keep the nice graces of regulators,” Wong famous.

In the meantime, Hong Kong is doubling down on its ambition to turn into a world crypto hub, with its securities regulator proposing an enlargement of its crypto oversight crew. As crypto.information reported, in its funds plan for the 2025–26 monetary 12 months, the SFC is in search of 15 new hires, eight of whom can be devoted to digital asset regulation.

The funds proposal, introduced at a Legislative Council assembly on Feb. 3, tasks the SFC’s recurrent expenditure to succeed in HK$2.59 billion ($332.4 million) for the following fiscal 12 months, a rise of seven.2% from the earlier 12 months’s forecast.