Hong Kong’s Bitcoin and Ethereum Spot ETFs Coming to Singapore

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Hong Kong’s Harvest Global Investments and Singapore’s MetaComp are teaming up to introduce new Bitcoin and Ethereum spot ETFs to Singaporean investors. This strategic partnership will leverage both companies’ strengths to introduce these cryptocurrency funds, which will start trading on the Hong Kong Stock Exchange on April 30.

Introducing Innovative Crypto Products

MetaComp, licensed by the Monetary Authority of Singapore, focuses on blockchain and cryptoassets. Together with Harvest Global Investments, MetaComp will make these new ETFs available through its Client Assets Management Platform (CAMP). 

This platform is designed to manage client assets with cutting-edge technology under strict regulatory frameworks, ensuring that Singapore investors can safely invest in these products.

The memorandum of understanding between these two firms indicates a major move towards making innovative financial products more accessible globally. Harvest Global Investments has recently obtained approval from Hong Kong’s Securities and Futures Commission to launch these anticipated cryptocurrency ETFs.

Building on Mutual Strengths

The partnership does not just stop at cryptocurrency ETFs. Both companies are set to explore further integrating Harvest’s diverse asset management solutions into MetaComp’s offerings. MetaComp will also grant Harvest access to its Digital Payment Token services, broadening the scope of their collaboration.

By aligning with Harvest Global Investments, MetaComp has said that it aims to tap into the scale and expertise of a leading global financial entity, thus significantly boosting its service capabilities and market reach. This strategy is expected to benefit both companies’ existing clients and attract new customers looking for advanced financial solutions that bridge traditional finance with crypto finance.

Dr. Bo Bai, Chairman, and Co-Founder of MetaComp, shared his views on this partnership: 

“This strategic alliance with Harvest Global Investments Limited reaffirms MetaComp’s commitment to being the bridge that links traditional finance with crypto finance. We are confident that our partnership with Harvest Global Investments Limited will prove to be mutually beneficial.”