HashKey launches wealth management service citing ‘significant’ demand

Hong Kong-based digital asset firm HashKey Group has launched a new wealth management platform geared toward professional and institutional investors.

In an April 14 announcement, HashKey

It claims this signals there is “potential robust demand for virtual assets in the future,” a sentiment that was shared by BSG when it initially published the report.

On Sept. 13, 2022, HashKey announced that it had been granted a “Type 9 asset management license” by Hong Kong’s Securities and Futures Commission (SFC) allowing it to manage portfolios that only contain virtual assets and likely paved the way for its latest offering.

In the latest announcement, HashKey also noted that “recent challenges in the crypto market have highlighted the need for deep and reliable liquidity.”

In response, HashKey said it would be expanding its over-the-counter trading service by expanding the number of tokens in its spot market and increasing its liquidity coverage to 24/7.

On Jan. 17 HashKey closed a $500 million investment round for a fund that it plans to use to help push for mass adoption of blockchain and crypto technologies.

We’re delighted to share that @HashKey_Capital successfully closed its Fund III, having raised a total of $500 million.

The Fund will be deployed to advance global #crypto and #blockchain initiatives, focused on building and scaling the #Web3 ecosystem.https://t.co/qjq3ur0N7F

— HashKey Group (@HashKeyGroup) January 17, 2023