HashKey Group Launches Wealth Mgmt Service: Bull Market Confirmed?

by
  • HashKey Group, a Hong Kong-based digital asset firm, has launched a new wealth management platform and enhanced its Over-the-Counter (OTC) trading business.
  • The company was granted a “Type 9 asset management license” by the Securities and Futures Commission to manage portfolios containing virtual assets.
  • Hong Kong is positioning itself as a global crypto hub to attract more digital asset companies.

HashKey Group Launches Wealth Management Platform

Hong Kong-based digital asset firm HashKey Group has enhanced its Over-the-Counter (OTC) trading business and launched a new wealth management business line amid increasing investor demand. In a Friday blog post, the company unveiled HashKey Wealth, a new wealth management platform geared toward family offices, institutions, and other professional investors. The company has also boosted its liquidity coverage and range of tokens in the spot market to further increase its offering for professional investors.

Type 9 Asset Management License Granted

Last year, HashKey announced that it had been granted a “Type 9 asset management license” by Hong Kong’s Securities and Futures Commission, allowing it to manage portfolios that only contain virtual assets and likely paved the way for its latest offering. And earlier this year, the company closed a $500 million investment round for a fund that will invest in infrastructure, toolings, and applications that will help push the mass adoption of blockchain and crypto technologies.

Hong Kong Becoming Crypto Hub

Hong Kong has been moving forward with plans to position itself as a global crypto hub and attract more digital asset companies. Just yesterday, the city’s largest virtual bank, ZA Bank revealed that it will allow users to exchange cryptocurrencies for fiat currencies and offer banking services to digital asset firms.

HashKey Group Services & Investments

HashKey Group is an end-to-end digital asset financial services group in Asia providing services across the entire digital asset landscape ranging from trading, custody, venture investment & technologies to Web3 infrastructure.

Conclusion

Despite recent market volatility there is significant demand from investors to access virtual assets with less than 1% of individual wealth invested in crypto assets while about 25% are already invested in equity suggesting room for growth. With Hong Kong becoming increasingly attractive as global cryptocurrency hub & Hashkey Groups investments into technology & infrastructure one can conclude bullish sentiment on future of cryptocurrency markets.