• HashKey Group has obtained regulatory approval from the Securities and Futures Commission (SFC) of Hong Kong to expand its over-the-counter (OTC) trade offerings.
• With the SFC’s approval, HashKey can act as an intermediary to facilitate trades for clients even if the tokens are not listed in its order book.
• The firm is also working on launching HashKey PRO, a regulatory-compliant exchange designed to foster increased trust and transparency among investors.
HashKey Group Obtains Regulatory Approval
Digital asset management firm HashKey Group has received regulatory approval from the Securities and Futures Commission (SFC) of Hong Kong to expand its over-the-counter (OTC) trade offerings.
Expanded Offering Now Available
HashKey had received two licenses from the SFC, allowing the firm to trade securities tokens and provide automated trading services. However, prior to this new approval, clients were limited to trading only tokens listed on the platform.
HashKey announced on Feb. 24 that it had obtained regulatory approval to offer an off-platform virtual asset trading OTC business in partnership with Hash Blockchain Limited (HBL). With this regulation in place, HashKey can act as an intermediary to facilitate trades for clients even if they wish to trade tokens not listed on the exchange’s order book.
Hashkey PRO To Launch Soon
HashKey president Michel Lee said that this new development would allow their clients more investment options in a secure and transparent environment.
Lee added that the firm was working on launching HashKey PRO – a regulatory compliant exchange designed to foster increased trust and transparency among investors.
