HashKey, the Hong Kong-based digital asset firm, has announced that it started offering wealth management services through a new platform.
The platform targets both institutional and professional investors.
- The company attributed the decision to the rising demand from investors who want to access virtual assets.
- The firm also cited the consultancy firm Boston Consulting Group’s 2022 study showing that 0.3% of individual wealth is invested in crypto, while 25% is invested in equities.
- The move came shortly after HashKey received a Type 9 asset management license from Hong Kong’s Securities and Futures Commission.
- The new license allows HashKey to manage portfolios that only contain digital assets, paving the way for the new wealth management service as well.
- The digital asset firm recently expanded its trading service by increasing the number of tokens in its spot market and the liquidity coverage to 24/7.
- It also announced its plans to launch a new regulated exchange dubbed HashKey PRO that would offer Bitcoin (BTC), Ether (ETH), USD Coin (USDC), and fiat trading pairs to retail investors within Q2.
- HashKey's crypto trading platform is one of the only two licensed crypto exchanges in Hong Kong.
- In January, the company raised $500M in funding in an investment round to increase the mass adoption of blockchain and crypto.
