HashKey Capital has obtained a Type 1 license from the Hong Kong Securities and Futures Commission (SFC), further expanding its regulated capabilities under the SFC.
HashKey Capital currently holds a Type 9 license, enabling the firm to “offer asset management products to both retail and institutional clients.”
The firm has recently received approval to provide “discretionary account management for virtual assets (VA) under the same license.”
Additionally, HashKey Capital holds a Type 4 license, obtained in May last year, which allows it to “offer securities and virtual asset investment advisory services.”
With the addition of the Type 1 license, HashKey Capital will now be able to provide brokerage services to retail and professional investors, and market and “distribute funds and structured products, including those related to virtual assets.”
The offerings can be classified into several categories:
- Market access – The company can provide brokerage services to two markets: introducing TradFi clients to crypto exchanges, and crypto native clients to brokers. As part of this arrangement, HashKey Capital will not hold custodianship over any client assets.
- Investment funds – In addition to the HashKey FTSE Digital Asset Top 20 Index Fund and its two ETFs, HashKey Capital can now offer its clients access to diverse quantitative strategies, such as arbitrage trading, commodity trading advisory (CTA), market neutral and trend-following.
- Structured products – HashKey Capital can provide its clients access to a diverse suite of structured investment products, including principal-protected solutions, yield enhancement products, binary options, dual-currency offerings, and other sophisticated strategies.
These offerings will enable HashKey Capital to serve investors “with more diverse goals, such as capital preservation or hedging, across a variety of investor types.”
In addition to retail and institutional investors, HashKey Capital believes its offerings will be ideal for “distribution channels, family offices, and even entities venturing into crypto for the first time, such as insurance companies or endowments.”
Wong added:
“Financial inclusion is now rarely discussed in crypto, but that is what will be created. We will open virtual assets to investors who have thus far been excluded from them due to technical or other limitations. This accessibility will help mainstream crypto in Hong Kong, accelerating its bid to be a hub for virtual assets in the region.”
Beyond its existing offerings, HashKey Capital continues “to expand its suite of financial products.”
Following the launch of the HashKey Top 20 Index Fund—which has already outperformed other crypto index funds—the firm will “continue to roll out additional tracker funds scheduled for release this year.”
With authorization from the SFC to develop investment vehicles, HashKey Capital will collaborate with financial institutions worldwide “to bring more institutional-grade digital asset products to market.”
HashKey Capital is a global digital asset and blockchain leader “helping institutions, founders and talents advance the blockchain industry.”
As one of the largest crypto fund managers and being the earliest corporate investor in Ethereum, HashKey Capital has “managed over $1 billion in client assets since its inception.”
Leveraging its expertise, HashKey Capital’s venture investments team oversees a diversified portfolio of “over 600 projects across institutional services, infrastructure, data, AI, consumer services/ technology.”
On the liquid funds front, HashKey Capital manages a “suite of digital asset products, including an actively managed fund and the Bosera HashKey Bitcoin (3008.HK) and Ether (3009.HK) spot ETFs, which are listed on the Hong Kong Stock Exchange (HKEX).”
With their knowledge across the blockchain ecosystem, HashKey Capital has built a network connecting the industry’s “founders, investors, developers, and regulators.”