Hashkey Capital’s Singapore Unit Secures CMS License for Fund Management

By receiving a Capital Markets Services (CMS) license from the Monetary Authority of Singapore, Hashkey Capital’s Singaporean affiliate has accomplished a noteworthy victory. With this licence, Hashkey Capital Singapore is able to offer fund management services domestically and further advance the combination of digital and traditional financial technologies.

With excitement at the accomplishment, Hashkey Capital CEO Deng Chao emphasized the company’s commitment to supporting the regional blockchain community. Hashkey Capital Singapore may now actively contribute to the merging of the traditional and digital financial ecosystems, creating a setting where both can comfortably coexist, thanks to the CMS license.

This achievement fits in with the larger trend in the cryptocurrency market, wherein a number of significant businesses have recently secured CMS licenses, such as DigiFT and SBI Digital Markets. The strategic decision made by HashKey Capital highlights its dedication to becoming a key player in influencing how the financial industry develops.

The CMS license was successfully obtained by HashKey Capital subsequent to the in-principle license that it was granted in November 2022. The company’s significant $500 million fundraise in January demonstrated that its goals go beyond Singapore. With this financial support, HashKey Capital is positioned as a strong contender in the ever-evolving cryptocurrency space and is ready to grow and innovate even more.

Because of its strategic stance through the CMS license, HashKey Capital is able to navigate and contribute to the changing dynamics of the financial sector, which is continually seeing the junction of traditional and digital banking.