Hong Kong’s HashKey Pushes Into Digital Asset Treasury With $500M Fund Plan
HashKey Group said it will launch what it calls Asia’s largest multi-currency Digital Asset Treasury (DAT) ecosystem fund, with a first-phase fundraising target exceeding $500 million. Related Reading: Russia Looks To Open Crypto Market Wider For Citizens – Details The firm told investors the fund will be a perpetual vehicle that allows regular subscriptions and […]
Related News
According to Bloomberg, Ant Digital Technologies has linked more than 60 billion yuan (about $8.5 billion) of energy infrastructure to its AntChain blockchain platform, in what reports call a major push to turn physical power assets into tradable digital records. Related Reading: Hong Kong’s HashKey Pushes Into Digital Asset Treasury With $500M Fund Plan The […]
HashKey Capital, a digital asset management firm based in Hong Kong, has announced the launch of a new investment product focused on XRP, marking a strategic step toward increasing institutional exposure to the third largest crypto asset by market cap in Asia. The product, called the HashKey XRP Tracker Fund, is positioned as the region’s […]
Crypto businesses in Hong Kong need to have a local license and are restricted to offer services only to professional investors. Hongkong Land, a property landlord in Hong Kong, has leased out commercial office space to a local crypto-asset firm named HashKey Group following clarity around cryptocurrency regulations. Neil Anderson, director of Hongkong Land, believes that the decision to lease commercial property to crypto businesses was heavily reliant on the recent crypto regulations set by the Securities and Futures Commission (SFC):“The SFC’s recent decision to regulate digital asset....
Hong Kong’s plan to restrict cryptocurrency investment to professionals means retail investors could move to unlicensed venues, said Global Digital Finance.
Hong Kong’s Treasury Secretary says the government is right to pursue restrictive crypto regulations in the city. Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury has defended the recent proposal by the city’s Financial Services and the Treasury Bureau to ban retail crypto trading.In a speech delivered at StartmeupHK virtual fintech summit on Thursday, Hui said that the proposal was in line with the government’s plan to properly police the emerging crypto market.As previously reported by Cointelegraph, the FSTB issued a proposal after months of consultation,....