Breaking: Crypto Manager HashKey Capital Bags Singapore License

Digital currency firm, HashKey Capital has secured the much-coveted license to operate in Singapore as a crypto business. 

As reported by The Straits Times, HashKey Capital bagged the full capital markets services license from the Monetary Authority of Singapore (MAS), marking an end to the application process that commenced when the application was filed in May 2021.

HashKey to Debut Regulated Crypto Products in Singapore

While Singapore remains one of the most crypto-friendly jurisdictions around, securing the license to operate has proven to be a major hurdle, considering the registration process that takes time. The success of HashKey Capital in securing the license now implies that the company will be able to provide regulated capital markets products from its outlet in the country.

“Singapore’s innovative spirit aligns with our mission, and we’re excited to propel blockchain-related capital markets products and investments further into the mainstream, offering new possibilities for institutional and accredited investors,” Deng Chao, the CEO of HashKey Capital said in a statement following the approval.

As an asset management firm with a global operational base, HashKey has also secured a related license from the Securities and Futures Commission of Hong Kong (“SFC”) as far back as February per an earlier Coingape report.

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