China Asset Management’s Hong Kong branch has entered into a memorandum of understanding with Hashkey exchange and HamsaTech Hong Kong.
The collaboration aims to jointly foster and develop Web 3.0 initiatives within the asset management sector in Hong Kong.
Hong Kong Looks to Seize ‘Golden Opportunity’ of Web3
The importance of seizing the “golden opportunity” of Web 3.0 was emphasized in the 2023-2024 Budget by the Government of Hong Kong.
The Financial Services and the Treasury Bureau (FSTB) announced significant initiatives for fintech development during the Hong Kong FinTech Week 2023, including a focus on real economy applications and innovations in the digital assets and Web3.0 sector.
The Securities and Futures Commission (SFC) introduced new regulations to protect investors and encourage innovation in the virtual assets sector.
SFC also issued circulars on intermediaries engaging in tokenized securities-related activities and tokenizations of SFC-authorized investment products, providing clarity on regulatory expectations for investor protection.
China Asset Management (HK), as a prominent asset manager in Hong Kong, has been at the forefront of transforming the traditional asset management industry.
By integrating traditional finance and virtual assets and leveraging innovative technologies, the company is dedicated to facilitating broader participation and responsible development in Hong Kong’s virtual assets industry.
HashKey Exchange is Among Few Licensed Crypto Exchanges in Hong Kong
HashKey Exchange is among the few crypto exchanges that has obtained a licesne in Hong Kong. The HashKey Group offers a range of institutional services, including omnibus trading and tokenization services.
HashKey Brokerage specializes in over-the-counter bulk trading for professional investors, while HashKey Xpert provides secure institutional-grade virtual asset custody services.
The partnership with Hamsa, boasting extensive experience and leading blockchain technology in the virtual assets space, is expected to enable the offering of a more comprehensive and innovative range of investment options for Hong Kong investors.
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