HashKey Capital Singapore Secures Capital Markets Services License From MAS

The firm follows crypto exchange DigiFT, which received a CMS license last month.

AccessTimeIconDec 19, 2023 at 2:59 p.m. UTC
Updated Jan 26, 2024 at 4:21 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Crypto asset manager HashKey Capital's Singapore subsidiary has secured a central bank license allowing it to provide fund-management services in the country.

The Capital Markets Services (CMS) license from the Monetary Authority of Singapore will enable HashKey Capital Singapore to contribute to the local blockchain community, CEO Deng Chao said in a statement. It received an in-principle license in November 2022.

The company follows crypto exchange DigiFT, which received a CMS license in November, and SBI Digital Markets, a subsidiary of the digital assets arm of Japan's financial services giant SBI Holdings, which was granted the license in September last year.

HashKey Capital wants to "create an environment where traditional and digital financial ecosystems harmoniously converge," according to the statement.

The firm completed a $500 million raise for its third fund in January and is planning to invest in Web3 and crypto initiatives around the world.

Edited by Sheldon Reback.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Camomile Shumba

Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.