HashKey Gets SFC’s Nod For OTC Trading In Hong Kong

full version at coinedition

HashKey Group has received approval from the Hong Kong SFC to conduct OTC trading.
The firm will be able to carry out off-platform virtual asset trading business for Hash Blockchain.
HashKey’s investment arm raised $500 million last month for its third crypto-focused fund.

HashKey Group, the Hong Kong-based digital asset financial services provider, has received approval from the Securities and Futures Commission (SFC) of Hong Kong to go ahead with an off-platform virtual asset trading business for Hash Blockchain Ltd (HBL).

According to a press release by the HashKey Group, the regulator’s nod will allow the financial services firm to provide OTC trading for Hash Blockchain, which can act as an intermediary between two parties to facilitate the trading of tokens that are not listed on the exchange.

“We are thrilled to receive the approval from the SFC. Our experience with the OTC business has been valuable, and this approval now provides clients with an option to face an entity that is licensed in Hong Kong,” said Michel Lee, Executive President of HashKey Group.

Speaking on the SFC approval, HBL CEO Colin Zhong stated that Hong Kong’s OTC market…

The post HashKey Gets SFC’s Nod For OTC Trading In Hong Kong appeared first on Coin Edition.