HashKey Capital wins regulatory approval to target professional crypto investors in Hong Kong

With its latest approval from Hong Kong’s SFC, HashKey Capital can offer crypto investment strategies to professional investors.

HashKey Capital has received approval from Hong Kong‘s Securities and Futures Commission to offer discretionary account management for cryptocurrencies under the existing type 9 license, the firm revealed in a Wednesday blog announcement.

The approval means HashKey Capital can now manage investment products like spot crypto, derivatives, and even over-the-counter trades for wealthy clients. Vivien Wong, Partner at Liquid Funds, says 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.”

Vivien Wong

With the approval, HashKey Capital can now manage portfolios across several pre-approved crypto exchanges, giving clients more flexibility, the announcement reads. HashKey says it would take care of everything from asset allocation to monitoring and rebalancing, so clients can focus on their financial goals. “Professional investors do not want to be late and miss out on key new opportunities in crypto. At the same time, they want to maintain the good graces of regulators,” Wong noted.

Meanwhile, Hong Kong is doubling down on its ambition to become a global crypto hub, with its securities regulator proposing an expansion of its crypto oversight team. As crypto.news reported, in its budget plan for the 2025–26 financial year, the SFC is seeking 15 new hires, eight of whom will be dedicated to virtual asset regulation.

The budget proposal, presented at a Legislative Council meeting on Feb. 3, projects the SFC’s recurrent expenditure to reach HK$2.59 billion ($332.4 million) for the next fiscal year, an increase of 7.2% from the previous year’s forecast.