HashKey Capital Receives In-Principle Approval CMS License from Singapore Regulator

HashKey Capital, the investment arm of the HashKey Group, announced that it has received its in-principle approval for the Capital Markets Services ("CMS") license from the Monetary Authority of Singapore ("MAS") as a licensed fund management company (LFMC). When granted, the CMS license will allow HashKey Capital Singapore to conduct fund management services from Singapore.  

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"Singapore is quickly becoming the region's epicentre of Web3 innovation. Being recognised by the MAS as a licensed fund management company will allow HashKey Capital Singapore to contribute to and support the local Web3 community, which is considered a significant accomplishment for us. As one of the top Web3 institutional investors in Asia, HashKey Capital is prepared to make additional contributions to help the local Web3 industry grow even more." said Mr. Deng Chao, CEO, HashKey Capital Singapore.

"Once the CMS license is granted, HashKey Capital will be able to offer its services to institutional and accredited investors. Moreover, we expect that it will strengthen the company's position across Asia and even on a global scale". 

HashKey Capital had also in early September 2022 been granted an uplift of its Type 9 licence for asset management by the Securities and Futures Commission (SFC) of Hong Kong, enabling the company to manage a portfolio of 100% virtual assets. 

Other than that, HashKey Capital is a "Recognised Investment Firm" under the Tech@SG programme, the first blockchain venture capital firm to be recognised under this programme. The programme aims to help fast-growing companies hire key talent to grow and expand their business in Singapore, and is jointly administered by the Singapore Economic Development Board (EDB) and Enterprise Singapore.