Wednesday, February 8, 2023
HomeCryptocurrencyMaiCapital Will get Hong Kong SFC’s Nod to Handle 100% Digital Asset...

MaiCapital Will get Hong Kong SFC’s Nod to Handle 100% Digital Asset Funds


Hong Kong-based MaiCapital Restricted, which is a blockchain and digital asset supervisor, has secured approval from the native monetary market supervisor, the Securities and Futures Fee (SFC), that may enable the corporate to handle property with 100% digital property.

Till now, the corporate operated with SFC’s Sort 4 and Sort 9 licenses, which it obtained in 2018. The primary permits the corporate to advise on securities, whereas the second grants permission to behave as an asset supervisor.

Introduced on Tuesday, the corporate additionally introduced in Wealthking Funding as an investor and shareholder.

“With the prolonged approval from SFC, MaiCapital is on a fair higher trajectory to convey extra modern funding services to skilled and institutional traders,” stated Liu Zhiwei, the Chairman of Wealthking.

Actively Managed Crypto Funds

MaiCapital has been working two actively managed  blockchain  -themed hedge funds since 2019, receiving investments solely from establishments and certified skilled traders. In accordance with the corporate, the most recent SFC approval will enable it to deploy crypto funding methods with higher flexibility.

MaiCapital’s CEO, Benedict Ho stated: “MaiCapital has at all times prided itself in its potential to spend money on the nascent cryptocurrency asset class with the very best  compliance  requirements and an unyielding focus to guard the pursuits of traders.”

As well as, the Hong Kong asset supervisor highlighted that it solely companions with regulated digital asset exchanges and venues for its hedge funds. Two of its companions are Coinbase and OSL.

“It’s so thrilling to be working with MaiCapital and to supply entry to our complete suite of services together with custody, prime brokerage, buying and selling instruments and analytics, and an enterprise infrastructure constructed on high of a strong safety platform,” stated Coinbase’s APAC Institutional Gross sales Head, Kayvon Pirestani.

Hong Kong-based MaiCapital Restricted, which is a blockchain and digital asset supervisor, has secured approval from the native monetary market supervisor, the Securities and Futures Fee (SFC), that may enable the corporate to handle property with 100% digital property.

Till now, the corporate operated with SFC’s Sort 4 and Sort 9 licenses, which it obtained in 2018. The primary permits the corporate to advise on securities, whereas the second grants permission to behave as an asset supervisor.

Introduced on Tuesday, the corporate additionally introduced in Wealthking Funding as an investor and shareholder.

“With the prolonged approval from SFC, MaiCapital is on a fair higher trajectory to convey extra modern funding services to skilled and institutional traders,” stated Liu Zhiwei, the Chairman of Wealthking.

Actively Managed Crypto Funds

MaiCapital has been working two actively managed  blockchain  -themed hedge funds since 2019, receiving investments solely from establishments and certified skilled traders. In accordance with the corporate, the most recent SFC approval will enable it to deploy crypto funding methods with higher flexibility.

MaiCapital’s CEO, Benedict Ho stated: “MaiCapital has at all times prided itself in its potential to spend money on the nascent cryptocurrency asset class with the very best  compliance  requirements and an unyielding focus to guard the pursuits of traders.”

As well as, the Hong Kong asset supervisor highlighted that it solely companions with regulated digital asset exchanges and venues for its hedge funds. Two of its companions are Coinbase and OSL.

“It’s so thrilling to be working with MaiCapital and to supply entry to our complete suite of services together with custody, prime brokerage, buying and selling instruments and analytics, and an enterprise infrastructure constructed on high of a strong safety platform,” stated Coinbase’s APAC Institutional Gross sales Head, Kayvon Pirestani.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments