HashKey venture arm licensed to manage a portfolio made up entirely of digital assets

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The venture capital arm of Hong Kong-based HashKey Group, a financial firm focused on digital assets, can now transfer up to 100% of its portfolio into cryptocurrency-related projects, after receiving the regulatory approval from the Hong Kong Securities and Futures Commission (SFC).

“HashKey Group was among the crypto industry’s earliest enthusiasts and advocates,” HashKey Group Chairman Dr. Xiao Feng said in a statement. “We are dedicated to developing the blockchain and crypto ecosystem, and our goal has long been to actively support regulation while contributing to the sustainable growth of the industry.”

HashKey’s venture capital subsidiary, HashKey Capital, has received the change to its Type 9 asset management license.

HashKey Group was founded in 2018 and claims to have managed over $1 billion in assets since its inception.

© 2022 The Block Crypto, Inc. All rights reserved. This article is provided for informational purposes only. It is not offered or intended for use as legal, tax, investment, financial or other advice.

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