Aditya Hadi Pratama · · 1 min readHashKey Capital wins fund management service approval from MAS
HashKey Capital Singapore, an affiliate of Hong Kong-based HashKey Capital, announced that it has received in-principle approval for the capital market services license from the Monetary Authority of Singapore as a licensed fund management company.
Photo credit: HashKey Group
The license will allow the company to offer its fund management services to institutional and accredited investors in the city-state.
HashKey Capital is the investment arm of asset manager HashKey Group. It has one of the largest blockchain funds in Asia, with more than US$1 billion in client assets since its establishment in 2018. It has invested in more than 500 crypto, Web3, and metaverse projects.
Chinese conglomerate Wanxiang Group is one of HashKey Group’s strategic partners.
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HashKey Capital Singapore’s approval marks the latest in the central bank’s licensing spree. Earlier this week, MAS gave the green light to Wise, which aims to bring its new investment product to the city-state with a similar capital markets service license.
Circle Internet Financial, the issuer of stablecoins USD Coin and Euro Coin, also secured in-principle approval for a major payments institution license from MAS.
Editing by Miguel Cordon and Eileen C. Ang
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