Hashkey Capital Singapore Secures Central Bank License
Hashkey Capital’s Singapore subsidiary has achieved a significant milestone by securing a central bank license from the Monetary Authority of Singapore. The Capital Markets Services (CMS) license empowers Hashkey Capital Singapore to offer fund-management services within the country.
Driving Integration of Traditional and Digital Finance
CEO Deng Chao expressed enthusiasm about contributing to the local blockchain community, emphasizing the company’s commitment to fostering an environment where traditional and digital financial ecosystems coexist seamlessly.
This achievement follows in the footsteps of other notable players in the crypto space, such as DigiFT and SBI Digital Markets, both having obtained CMS licenses in recent months. HashKey Capital aims to play a pivotal role in converging traditional and digital financial systems, as highlighted in its statement.
Expanding Ambitions Beyond Singapore
Notably, the company received an in-principle license in November 2022, further solidifying its position in the dynamic crypto market. HashKey Capital’s ambitions extend beyond Singapore, as evidenced by its successful $500 million fundraising in January.
Hot Take: Hashkey Capital’s Milestone Achievement
Hashkey Capital’s Singapore unit securing a central bank license is a significant milestone for the company. It not only allows them to offer fund-management services within Singapore but also demonstrates their commitment to integrating traditional and digital finance. With other players in the crypto space obtaining similar licenses, HashKey Capital aims to bridge the gap between traditional and digital financial systems. This achievement comes on top of their previous in-principle license and successful fundraising efforts. As they expand their ambitions beyond Singapore, HashKey Capital is poised to make a lasting impact on the global crypto market.
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