- HashKey Capital Singapore has acquired a Capital Markets Companies (CMS) license, making it a licensed fund administration firm (LFMC) in Singapore.
- This allows HashKey to offer regulated fund administration companies for blockchain belongings, primarily for capital markets merchandise, from its Singapore headquarters.
The CMS license follows the profitable closure of HashKey’s third fund, which raised $500m in January 2022, and comes as crypto corporations transfer to Asia and the Center East.
Advantages of Regulatory Approval
The CMS license recognises HashKey Capital Singapore as a licensed fund administration firm (LFMC), enabling the corporate to offer regulated fund administration companies for a number of blockchain belongings in Singapore.
It is a important growth for HashKey, because it permits the corporate to offer regulated fund administration companies primarily for capital markets merchandise from its Singapore headquarters. The CMS license gives a steady framework for HashKey to excel within the dynamic world of Web3-focused investments, because it continues its monetary journey.
Fundraising Success
The CMS license tracks the profitable closure of HashKey’s third fund, which raised $500m in January 2022. The transfer comes as crypto corporations have been transferring to Asia and the Center East following regulatory upheavals in America and Europe.
“create an setting the place conventional and digital monetary ecosystems harmoniously converge,”
Mr. Deng Chao
Mr. Deng Chao, CEO of HashKey Capital Singapore and Head of HashKey Singapore, commented on the CMS license, stating that as a licensed fund administration firm, the corporate is dedicated to contributing to the native blockchain group and taking part in its half in shaping its future.
This dedication aligns with Singapore’s revolutionary spirit and can propel blockchain-related capital markets merchandise and investments additional into the mainstream, providing new potentialities for institutional and accredited buyers.
