Digital asset specialist HashKey Capital has received regulatory approval to offer crypto discretionary account management services for professional investors in Hong Kong.

HashKey Capital has received approval from Hong Kong's Securities and Futures Commission (SFC) to offer digital asset discretionary account management services for professional investors, according to a statement. This includes pre-designed investment strategies or fully customized mandates that cover spot investments, over-the-counter trading, derivatives and staking.

«Investors have historically been cautious about entering the virtual asset space due to the associated risks. With our discretionary account management services, we provide clients with the confidence to explore this sector, backed by the expertise of industry professionals managing their portfolios in alignment with their investment mandates,» said Vivien Wong, partner, liquid funds at HashKey Capital.

Hong Kong continues to vie to become a digital asset hub with various efforts, including an increased issuance of licenses for crypto exchanges. The city is currently home to nine licensed bourses, according to the SFC’s list.