hashish capital, a renowned digital asset manager, has achieved a significant milestone in the realm of cryptocurrency operations. The company successfully obtained a full capital markets services license from the Monetary Authority of Singapore (MAS), solidifying its authority to operate as a cryptocurrency business within Singapore’s borders.
road to approval
Securing this coveted license marks the culmination of HashKey Capital’s lengthy application process, which began in May 2021. Despite Singapore’s cryptocurrency-friendly stance, the licensing journey involves a meticulous registration process that requires considerable time and effort. HashKey Capital’s recent performance means it is eligible to introduce regulated capital markets products through its Singapore-based establishment.
Regulated Crypto Venture Forecast
Deng Chao, CEO of HashKey Capital, acknowledged Singapore’s innovative environment and expressed enthusiasm for aligning with broader adoption of blockchain-related capital markets products and investments among institutional and accredited investors. Chao emphasized the strategic link between Singapore’s forward-thinking approach and the company’s mission, and highlighted the new prospects presented by this license acquisition.
HashKey Capital’s Singapore expansion strategy and market penetration
Expanding regulatory approval
HashKey Capital’s success in Singapore adds to its portfolio of global regulatory approvals. Notably, the Company previously obtained relevant licenses from the Hong Kong Securities and Futures Commission (“SFC”) last February, further strengthening its robust regulatory compliance across multiple jurisdictions.
Significance of Results
This licensing milestone not only demonstrates HashKey Capital’s commitment to regulatory compliance, but is also a pivotal moment in its expansion strategy. This approval amplifies the company’s ability to offer a variety of regulated cryptocurrency investment products while meeting the discerning needs of both institutional and accredited investors.
Future Outlook and Market Impact
By obtaining this license, HashKey Capital aims to introduce a range of regulated products to Singapore’s thriving cryptocurrency market. These developments are expected to increase engagement and trust within the country’s burgeoning digital asset landscape.
Evolution of Singapore’s cryptocurrency ecosystem
These licensing awards reflect Singapore’s evolving approach to embracing innovative financial technologies. Singapore, a renowned global financial hub, continues to strengthen its position as a favorable environment for blockchain-based companies.
Key features of the license
HashKey Capital’s regulatory approval in Singapore will allow the company to expand its operations by offering regulated cryptocurrency products and services. This marks a significant leap forward for the company and puts it well-positioned to offer a wider range of investment opportunities within the cryptocurrency space.
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