HashKey Group Granted Full Licences to Operate Virtual Asset Trading Platform in Hong Kong

HashKey Group Granted Full Licences to Operate Virtual Asset Trading Platform in Hong Kong

by November 10, 2022

Hash Blockchain Limited (HBL) has received approval from the Securities and Futures Commission of Hong Kong (SFC) to operate a virtual asset trading platform in the territory.

The HashKey Group member will operate under a Type 1 securities licence and a Type 7 (providing automated trading services) licence for professional investors.

The issuance of HLB’s licence came after the Policy Statement on Development of Virtual Assets in Hong Kong by the city’s Financial Services and the Treasury Bureau.

The Bureau outlined its vision and approach to developing Hong Kong into an international virtual assets’ hub.

Michel Lee, HashKey Group Executive President HKMA Hong Kong Fintech Week

Michel Lee

“The recent policy statement is a testament to the Hong Kong government’s dedication and commitment to fortify the city’s status as a frontrunner and leader in blockchain and virtual asset innovation and regulation,”

said Michel Lee, Executive President of HashKey Group.

“We are delighted to have received the licences, given the backdrop of this positive announcement,” he added.

HashKey PRO is the name of HBL’s institutional-grade virtual asset trading platform. HashKey PRO will provide professional investors with automated trading services for cryptocurrencies such as Bitcoin and Ether, as well as stablecoins, security tokens, and other innovative assets.

 “Our objective is to build a platform that is best in class in terms of technology, security, and trading experience for our clients. One of the focuses of HashKey’s virtual asset exchange will be on the tokenisation of non-traditional assets, leveraging the robust ecosystem HashKey has developed over the years,”

said Colin Zhong, CEO of HBL.


Featured image credit: Edited from Unsplash