HashKey Obtains Capital Markets Services License from MAS, Expanding Digital Asset Management Services in Singapore

• HashKey Capital Singapore has received a Capital Markets Services (CMS) license, making it a licensed fund management company (LFMC) in Singapore.
• This enables HashKey to provide regulated fund management services for blockchain assets, primarily for capital markets products, from its Singapore headquarters.

The CMS license follows the successful closure of HashKey’s third fund, which raised $500m in January 2022, and comes as crypto firms move to Asia and the Middle East.

Benefits of Regulatory Approval

The CMS license recognises HashKey Capital Singapore as a licensed fund management company (LFMC), enabling the company to provide regulated fund management services for several blockchain assets in Singapore.

This is a significant development for HashKey, as it allows the company to provide regulated fund management services primarily for capital markets products from its Singapore headquarters. The CMS license provides a stable framework for HashKey to excel in the dynamic world of Web3-focused investments, as it continues its financial journey.

Fundraising Success

The CMS license tracks the successful closure of HashKey’s third fund, which raised $500m in January 2022. The move comes as crypto firms have been moving to Asia and the Middle East following regulatory upheavals in America and Europe.

 “create an environment where traditional and digital financial ecosystems harmoniously converge,”

Mr. Deng Chao

Mr. Deng Chao, CEO of HashKey Capital Singapore and Head of HashKey Singapore, commented on the CMS license, stating that as a licensed fund management company, the company is committed to contributing to the local blockchain community and playing its part in shaping its future.

This commitment aligns with Singapore’s innovative spirit and will propel blockchain-related capital markets products and investments further into the mainstream, offering new possibilities for institutional and accredited investors.