Hong Kong-based digital belongings firm Hash Blockchain Restricted (HBL), a member of the HashKey Group, introduced to safe regulatory approval from the Securities and Futures Fee of Hong Kong (SEC) to function a digital asset buying and selling platform.
HashKey mentioned the corporate now has obtained a Sort 1 (dealing in securities) and a Sort 7 (offering automated buying and selling providers) license, permitting them to supply automated buying and selling providers for cryptocurrencies comparable to Bitcoin and Ether, and stablecoins, safety tokens, in keeping with the assertion.
Michel Lee, Govt President of HashKey Group, mentioned he’s delighted to obtain the licenses, given the backdrop of this optimistic announcement.
“This permits us to supply regulated and compliant digital asset buying and selling providers as we proceed to assist construct the monetary, technological and repair infrastructure to facilitate and contribute to the speedy development and the long-term improvement of the ecosystem.”
“Our goal is to construct a platform that’s greatest in school when it comes to know-how, safety and buying and selling expertise for our shoppers,” Colin Zhong, CEO of HBL, additionally welcomed the most recent regulatory approval from the authority, including that “One of many focuses of HashKey’s digital asset change shall be on the tokenisation of non-traditional belongings, leveraging the sturdy ecosystem HashKey has developed over time.
The newest approval allows Hashkey group to get the inexperienced mild not simply to function in Hong Kong but additionally from Japan and Singapore conditionally, which comes after one other Hong Kong-based digital belongings platform OSL Trade licensed digital asset buying and selling platforms within the metropolis.
Just lately, the HKSAR authorities revealed a coverage assertion supporting town to develop digital belongings below a supervised regime, together with the issuance of tokenised inexperienced bonds and the preparation of growing the digital Hong Kong Greenback. The administration’s transfer is taken into account to meet up with regional rivals like Singapore.
Picture supply: HashKey Group
