HashKey Secures Approval to Offer Discretionary Account Management Services for Virtual Assets in Hong Kong
HashKey has officially received approval to provide discretionary account management services for virtual assets (VA) to professional investors in Hong Kong.
In a recent blog announcement, Hong Kong’s Securities and Futures Commission (SFC) granted HashKey the authorization to manage customized investment portfolios, covering both spot crypto investments and derivatives under its existing Type 9 license.
This regulatory green light enables HashKey to make investment decisions that align with clients’ financial objectives, delivering comprehensive investment services, including spot investments, over-the-counter (OTC) trading, and derivatives.
“Investors have traditionally approached the virtual asset market with caution due to perceived risks,” stated Vivien Wong, Partner at Liquid Funds. “Our discretionary account management services empower clients to explore this sector with confidence, knowing their portfolios are managed by experienced professionals who adhere to their investment mandates.”
With this regulatory approval, HashKey offers enhanced flexibility across multiple vetted trading platforms, ensuring clients can execute investments seamlessly. Each exchange included in the firm’s pre-approved list has been selected based on stringent security measures, regulatory compliance, and operational efficiency.
By diversifying investments across multiple platforms, professional investors can mitigate the risks associated with relying on a single exchange, creating a more dynamic and resilient trading environment.
Once an investment strategy is defined, HashKey Capital takes charge of the execution process, overseeing discretionary asset buying and selling, portfolio adjustments, real-time monitoring, strategic rebalancing, and in-depth reporting.
“Professional investors want to seize emerging opportunities in the crypto market without compromising regulatory compliance,” Wong added. “With discretionary account management, HashKey Capital helps institutions navigate new products while aligning with evolving regulatory frameworks.”
Additionally, HashKey recently obtained In-Principle Approval (IPA) from Dubai’s Virtual Assets Regulatory Authority (VARA) for its Virtual Asset Service Provider (VASP) license.
This development strengthens HashKey’s presence in the Middle East, reinforcing its position as a trusted leader in the virtual asset industry. Upon securing final approval, the VASP license will empower HashKey MENA FZE, the firm’s Dubai-based entity, to offer Virtual Asset Exchange Services and Virtual Asset Broker-Dealer Services. These services will cater to retail investors, qualified investors, and institutional clients.
By expanding its regulatory reach, HashKey continues to pave the way for professional investors seeking a secure and compliant approach to virtual asset investments.
