The Singapore branch of cryptocurrency asset manager HashKey Capital has obtained a central bank license, enabling it to offer fund management services in the nation.HashKey Capital Singapore will be able to support the regional blockchain community thanks to the Monetary Authority of Singapore’s Capital Markets Services (CMS) license, according to a statement from CEO Deng Chao.In November 2022, it obtained an in-principle license.
The business is in the same league as cryptocurrency exchange DigiFT, which was granted a CMS license in November, and SBI Digital Markets, a division of Japan’s largest financial services corporation SBI Holdings’ digital assets division, which was granted the license in September of last year.
HashKey Capital wants to “create an environment where traditional and digital financial ecosystems harmoniously converge,” according to the statement.
The company raised $500 million for its third fund in January, and it intends to invest in global Web3 and cryptocurrency projects.