Hashkey Capital Singapore Secures Full Capital Markets Services License From Singapore

Reflecting Singapore’s progressive stance connected integer assets, the Monetary Authority of Singapore (MAS) has awarded Hashkey Capital Singapore a afloat Capital Markets Services license, enabling the steadfast to heighten its money absorption services and lend importantly to the burgeoning blockchain community.

Hashkey Capital Singapore Elevates Its Market Presence with New CMS License from MAS

In yet different positive move for the digital assets sector successful Singapore, Hashkey Capital Singapore, a subsidiary of Hong Kong-based integer plus radical Hashkey, has been granted a afloat Capital Markets Services (CMS) licence by the Monetary Authority of Singapore (MAS). This support marks a important measurement for the steadfast successful expanding its regulated money absorption services wrong the region.

We’ve secured the Capital Markets Services (CMS) licence from @MAS_sg!

As a licensed money absorption institution (LFMC), this empowers america to supply regulated money absorption services successful the realm of superior markets products. @techinasia https://t.co/WIQQ31T99J pic.twitter.com/oFrd0QbNxI

— HashKey Capital (@HashKey_Capital) December 19, 2023

Hashkey Capital Singapore, which applied for the licence successful precocious 2021, aims to leverage this accidental to motorboat regulated funds and connection superior marketplace products to section customers. The CMS licence allows the steadfast to actively lend to and foster advancement wrong Singapore’s burgeoning blockchain community.

Mr. Deng Chao, CEO of Hashey Capital Singapore and Head of Hashkey Singapore, commented connected the achievement, stating, “Securing the CMS licence from the MAS marks a defining infinitesimal for Hashkey Capital and the vibrant Web3 scenery successful Singapore. As a licensed money absorption company, we are committed to contributing to the section blockchain assemblage and playing our portion successful shaping its future.” He continued,

Singapore’s innovative tone aligns with our mission, and we’re excited to propel blockchain-related superior markets products and investments further into the mainstream, offering caller possibilities for organization and accredited investors.

This improvement bookends a palmy 2023, which started the twelvemonth with Hashkey Capital’s $500 cardinal backing round, a testament to the firm’s maturation and power successful the crypto plus absorption space. The company’s operations successful Singapore see a squad of astir 40 unit members, covering a scope of services from task superior concern and money absorption to over-the-counter trading of integer assets.

Managing implicit US$1 cardinal successful lawsuit assets, the steadfast has invested successful implicit 500 projects crossed infrastructure, tools, and applications wrong the blockchain and crypto domains. The accomplishment by Hashkey Capital Singapore comes connected the heels of akin licenses granted to different firms successful the region, specified arsenic Digift and SBI Digital Markets, signaling a increasing regulatory clasp of integer assets successful Singapore.

Is Singapore the astir progressive state with respect to integer assets? Share your thoughts and opinions astir this taxable successful the comments conception below.