HashKey Obtains Capital Markets Services License from MAS, Expands Digital Asset Management Services in Singapore
- HashKey Capital Singapore has been licensed by Capital Markets Services (CMS) to become a Licensed Fund Management Company (LFMC) in Singapore.
- This allows HashKey to provide regulated treasury management services for blockchain assets, primarily for capital markets products, from its Singapore headquarters.
The CMS license follows the successful closing of HashKey’s third fund, which raised $500 million in January 2022, and comes as the cryptocurrency company moves into Asia and the Middle East.
Benefits of Regulatory Approval
The CMS license recognizes HashKey Capital Singapore as a Licensed Fund Management Company (LFMC), allowing the company to provide regulated fund management services for multiple blockchain assets in Singapore.
This is a significant development for HashKey as it allows the company to provide regulated fund management services primarily for capital markets products from its Singapore headquarters. The CMS license provides a stable framework for HashKey to continue its financial journey and excel in the dynamic world of Web3-driven investments.
fundraising success
The CMS license follows the successful closing of HashKey’s third fund, which raised $500 million in January 2022. The move comes as cryptocurrency companies relocate to Asia and the Middle East following regulatory upheaval in the US and Europe.
“We create an environment where the traditional and digital financial ecosystems harmoniously converge.”
Mr. Deng Chao
Commenting on the CMS license, Deng Chao, CEO of HashKey Capital Singapore and Head of HashKey Singapore, said that as a licensed fund management company, the company is committed to contributing to the local blockchain community and playing its role in shaping its future. said. .
This commitment is consistent with Singapore’s spirit of innovation and will further advance blockchain-related capital markets products and investments into the mainstream, providing new possibilities for institutional and accredited investors.