HashKey Group, a Hong Kong-based digital asset management and blockchain solutions provider, has secured approval from the Securities and Futures Commission (SFC) for its subsidiary Hash Blockchain Limited (HBL) to conduct off-platform virtual asset trading business.
HBL can act as the intermediary to facilitate trades between two parties, even if they wish to trade tokens that are not listed on the exchange’s order book.
The subsidiary operates the HashKey PRO exchange, one of the two licensed virtual asset exchanges in Hong Kong to provide services to professional investors.
The HashKey Group has previously received approval from the SFC to operate a virtual asset trading platform under a Type 1 (dealing in securities) license and a Type 7 (providing automated trading services) license for professional investors through HBL.
HashKey also holds a license from the Financial Services Agency of Japan and has been granted an exemption from holding a license under the Payment Services Act to provide digital payment token (DPT) services from the Monetary Authority of Singapore.
“We are thrilled to receive the approval from the SFC. Our experience with the OTC business has been valuable, and this approval now provides clients with an option to face an entity that is licensed in Hong Kong.
As we continue to prepare for the launch of HashKey PRO – our regulatory compliant virtual assets exchange, we are excited to be able to offer more products in the pipeline,”
said Michel Lee, Executive President of HashKey Group.
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