Singapore Grants Hashkey Capital Singapore Full CMS License
The Monetary Authority of Singapore (MAS) has awarded Hashkey Capital Singapore, a subsidiary of Hashkey, a full Capital Markets Services (CMS) license. This license allows the firm to expand its regulated fund management services in Singapore. Hashkey Capital Singapore has a team of around 40 staff members and manages over US$1 billion in client assets. The firm has invested in over 500 projects within the blockchain and crypto sectors. This license demonstrates Singapore’s progressive approach to digital assets and follows similar licenses granted to other firms in the region.
Enhancing Fund Management Services and Contributing to the Blockchain Community
With the full CMS license from MAS, Hashkey Capital Singapore can enhance its fund management services and contribute significantly to the growing blockchain community in Singapore. The license allows the firm to offer a wider range of services, including venture capital investment, fund management, and over-the-counter trading of digital assets.
Joining Other Firms in a Regulatory Embrace of Digital Assets
The approval of Hashkey Capital Singapore’s CMS license follows similar licenses granted to other firms in the region, such as Digift and SBI Digital Markets. This trend indicates a growing regulatory acceptance and adoption of digital assets in Singapore. The country’s positive stance on digital assets positions it as a favorable jurisdiction for businesses in the blockchain and crypto sectors.
Hot Take: Singapore Continues to Foster Digital Asset Innovation
The recent granting of a full CMS license to Hashkey Capital Singapore by MAS is a clear indication of Singapore’s commitment to fostering innovation in the digital asset industry. By providing a supportive regulatory environment, Singapore is attracting businesses in the blockchain and crypto sectors, contributing to the growth and development of the local ecosystem. This move highlights Singapore’s progressive stance and sets a precedent for other jurisdictions considering their approach to digital assets. With the establishment of licensed fund management services like Hashkey Capital Singapore, Singapore solidifies its position as a leading hub for digital asset management and investment.
By
By
By
By
By
By