HashKey Obtains Capital Markets Services License from MAS, Expanding Digital Asset Management Services in Singapore

• HashKey Capital Singapore has actually gotten a Capital Markets Services (CMS) license, making it a certified fund management business (LFMC) in Singapore.
• This allows HashKey to supply regulated fund management services for blockchain properties, mostly for capital markets items, from its Singapore head office.

The CMS license follows the effective closure of HashKey’s 3rd fund, which raised $500m in January 2022, and comes as crypto companies transfer to Asia and the Middle East.

Advantages of Regulatory Approval

The CMS license identifies HashKey Capital Singapore as a certified fund management business (LFMC), making it possible for the business to offer regulated fund management services for numerous blockchain properties in Singapore.

This is a substantial advancement for HashKey, as it permits the business to supply regulated fund management services mainly for capital markets items from its Singapore head office. The CMS license supplies a steady structure for HashKey to master the vibrant world of Web3-focused financial investments, as it continues its monetary journey.

Fundraising Success

The CMS license tracks the effective closure of HashKey’s 3rd fund, which raised $500m in January 2022. The relocation comes as crypto companies have actually been transferring to Asia and the Middle East following regulative turmoils in America and Europe.

“produce an environment where standard and digital monetary environments harmoniously assemble,”

Mr. Deng Chao

Mr. Deng Chao, CEO of HashKey Capital Singapore and Head of HashKey Singapore, discussed the CMS license, specifying that as a certified fund management business, the business is dedicated to adding to the regional blockchain neighborhood and playing its part in forming its future.

This dedication lines up with Singapore’s ingenious spirit and will move blockchain-related capital markets items and financial investments even more into the mainstream, using brand-new possibilities for institutional and certified financiers.

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