The Benefits of Obtaining a Regulatory License
With the recent acquisition of a Capital Markets Services (CMS) license, HashKey Capital Singapore has become a licensed fund management company (LFMC) in Singapore. This license authorizes HashKey to provide regulated fund management services for blockchain assets, especially for capital markets products, from its headquarters in Singapore.
Fundraising Success and Expansion
The CMS license was obtained after the successful closure of HashKey’s third fund, which raised $500m in January 2022. This development comes at a time when many crypto firms are shifting their focus to Asia and the Middle East, following regulatory changes in America and Europe.
Mr. Deng Chao’s Perspective
Mr. Deng Chao, CEO of HashKey Capital Singapore, expressed the company’s commitment to contributing to the local blockchain community and shaping its future. This aligns with Singapore’s innovative spirit and will open up new possibilities for institutional and accredited investors in blockchain-related capital markets products and investments.
Hot Take: Embracing Regulatory Approval to Drive Growth
Acquiring the CMS license is a significant milestone for HashKey Capital Singapore, as it solidifies the company’s position in the regulated fund management space. This regulatory approval not only enhances the credibility and security of HashKey’s services but also positions the company to drive growth and innovation within the dynamic world of blockchain investments.
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