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HashKey Capital Singapore Secures Capital Markets Services License From MAS
The firm follows crypto exchange DigiFT, which received a CMS license last month.
Updated Mar 8, 2024, 6:53 p.m. Published Dec 19, 2023, 2:59 p.m.
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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.
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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.
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Ripple's Brad Garlinghouse says CLARITY bill has '90% chance' of passing by April
The bill would clarify which digital assets fall under securities law versus Commodity Futures Trading Commission oversight.
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- Ripple CEO Brad Garlinghouse said he now sees a 90 percent chance that the long-debated Clarity Act will pass by the end of April, citing renewed momentum in Washington.
- The bill would clarify which digital assets fall under securities law versus Commodity Futures Trading Commission oversight, addressing long-standing regulatory uncertainty that Garlinghouse says has weighed on innovation.
- Ripple, which has spent nearly $3 billion on acquisitions since 2023 and is now pausing major deals to focus on integration, argues that both crypto firms and traditional financial institutions increasingly want clear rules as attitudes toward digital assets shift.
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