HashKey Capital Secures In-Principle Approval CMS License

HashKey Capital announced at the Singapore Fintech Festival that it has received in-principle approval for the Capital Markets Services license from the Monetary Authority of Singapore.

A full Capital Markets Services license would allow the company to conduct fund management services from Singapore.

HashKey Capital is currently a “Recognised Investment Firm” under the Tech@SG programme which aims to help companies hire key talent to grow and expand their business in Singapore.

HashKey Capital, the investment arm of the HashKey Group, is an asset manager investing in blockchain technology and digital assets known for being Ethereum’s earliest corporate investor in the region.

The company was also granted an uplift of its Type 9 licence for asset management in Hong Kong in September, enabling the company to manage a portfolio of 100% virtual assets.

Deng Chao

“Being recognised by the MAS as a licensed fund management company will allow HashKey Capital Singapore to contribute to and support the local Web3 community.

Once the CMS license is granted, HashKey Capital will be able to offer its services to institutional and accredited investors,”

said Deng Chao, CEO, HashKey Capital Singapore.