Hong Kong-based digital asset management firm HashKey Group has recently received regulatory approval from the Securities and Futures Commission (SFC) to expand its over-the-counter (OTC) trade offerings.
The approval allows HashKey to provide off-platform virtual asset trading OTC services, in partnership with Hash Blockchain Limited (HBL).
Previously, HashKey’s clients were only able to trade tokens listed on the platform, but with the new license, HashKey can now facilitate trades from its clients, even if they want to trade tokens not listed on the exchange’s order book.
With the regulatory approval from the SFC, HashKey can act as an intermediary and offer its clients more investment options, all while maintaining a secure and transparent environment.
According to HashKey’s president, Michel Lee, the SFC’s approval would enable the trading firm to expand its services and provide clients with more investment opportunities.
In addition to this recent regulatory approval, HashKey is also working on launching HashKey PRO, a regulatory-compliant exchange designed to increase trust and transparency among investors.
As a digital asset management firm, HashKey is committed to providing innovative solutions and services to its clients, and with its recent approval from the SFC, it is well on its way to achieving that goal.