Ripple has teamed up with Tokyo-based consulting firm Hashkey DX to bring XRP Ledger (XRPL) blockchain solutions to the Japanese market, aiming to revolutionize enterprise blockchain use cases in Japan, primarily through supply chain solutions. This strategic partnership will leverage Hashkey DX’s expertise to develop and implement these solutions, in collaboration with SBI Ripple Asia—a […]
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Hashkey Capital and FTSE Russell Launch Trio of Indices to Track Diverse Crypto Assets
Digital asset investment company Hashkey Capital has collaborated with the London Stock Exchange Group (LSEG) subsidiary FTSE Russell to unveil three indices for tracking cryptocurrencies. These indices enable investors and traders to keep an eye on a diverse collection of assets spanning different segments of the digital asset market.
Hashkey and FTSE Russell Introduce Comprehensive Crypto Asset Indices
Hashkey Capital revealed it has entered into a collaborative agreement with FTSE Russell, renowned for its benchmarks, analytics, and multi-asset data solutions. Together, they have introduced three indices dedicated to monitoring the performance of crypto assets.
Starting Jan. 24, 2024, these indices will be available on the FTSE Russell website. Additionally, there are plans to extend their accessibility to various data providers, including Bloomberg, Factset, LSEG Data and Analytics, Morningstar, and S&P Capital IQ in the future.
“We are excited to have collaborated with HashKey Capital in the development of these new custom indices,” FTSE Russell’s head of Asia-Pacific, Index Investments Group, Chris Williamson remarked during the announcement.
The executive added:
The indices start with our rigorous vetting and monitoring process, setting standards for asset and exchange inclusion to meet institutional demand for investability and regulatory integrity in this new asset class.
According to Wednesday’s announcement the FTSE Custom Digital Asset Top 20 Index monitors the top 20 crypto assets by market capitalization, mirroring over 90% of the digital asset market’s performance.
The FTSE Custom Digital Asset Infrastructure Index focuses on assets foundational to the crypto ecosystem, such as smart contract platforms and distributed computation. Lastly, the FTSE Custom Digital Asset Application Index tracks assets linked to staking and decentralized finance (defi).
Hashkey recently obtained a comprehensive capital markets license in Singapore and in mid-January, Hashkey Group announced a 0 million capital raise via a Series A funding round. “We have witnessed a significant surge in demand from investors who want to diversify their portfolios beyond the established cryptocurrencies,” Hashkey’s managing director Mr. Deng Chao said on Wednesday.
What do you think about Hashkey collaborating with FTSE Russell? Let us know what you think about this subject in the comments section below.
Hashkey Group Achieves Unicorn Status With $100 Million Series A Funding
After obtaining a comprehensive capital markets license in Singapore, Hashkey Group announced it has successfully garnered 0 million through a Series A funding round. The fresh injection of capital is earmarked for expediting the growth of their licensed operations in Hong Kong, while simultaneously strengthening the company’s Web3 initiatives.
0 Million Funding Aims to Fuel Expansion and Strengthen Web3 Initiatives
On Tuesday, Hashkey Group, based in Hong Kong, disclosed its successful fundraising of 0 million from a mix of strategic partners, institutional backers, and Web3 entities. This infusion of funds elevates the company to unicorn status, with an estimated valuation of approximately .2 billion.
In their Tuesday announcement sent to Bitcoin.com News, the company elaborated, “The newly raised capital will be used to solidify Hashkey’s Web3 ecosystem, accelerate the product diversification of its licensed business in Hong Kong, and drive the Group’s compliant and innovative development globally.”
The latest development comes on the heels of Hashkey securing a comprehensive Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS). Hashkey Exchange, the firm’s trading platform, boasts over 155,000 registered users and a trading volume of 0 million in the past month. On Tuesday, the group further highlighted its establishment of partnerships with six publicly traded companies and ten brokerage houses.
According to Crunchbase, Hashkey has executed 85 distinct investments, channeling funds into startups like Fetcch and Range Protocol. Notably, Hashkey recently spearheaded a million pre-Series A funding round for 0xscope, with contributions also coming from GSR Markets, Redpoint China, Amber Group, and Okx Ventures.
What do you think about Hashkey Group raising 0 million? Share your thoughts and opinions about this subject in the comments section below.
Hashkey Capital Singapore Secures Full Capital Markets Services License From Singapore
Reflecting Singapore’s progressive stance on digital assets, the Monetary Authority of Singapore (MAS) has awarded Hashkey Capital Singapore a full Capital Markets Services license, enabling the firm to enhance its fund management services and contribute significantly to the burgeoning blockchain community.
Hashkey Capital Singapore Elevates Its Market Presence with New CMS License from MAS
In yet another positive move for the digital assets sector in Singapore, Hashkey Capital Singapore, a subsidiary of Hong Kong-based digital asset group Hashkey, has been granted a full Capital Markets Services (CMS) license by the Monetary Authority of Singapore (MAS). This approval marks a crucial step for the firm in expanding its regulated fund management services within the region.
We’ve secured the Capital Markets Services (CMS) license from @MAS_sg!
As a licensed fund management company (LFMC), this empowers us to provide regulated fund management services in the realm of capital 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 license in late 2021, aims to leverage this opportunity to launch regulated funds and offer capital market products to local customers. The CMS license allows the firm to actively contribute to and foster progress within Singapore’s burgeoning blockchain community.
Mr. Deng Chao, CEO of Hashey Capital Singapore and Head of Hashkey Singapore, commented on the achievement, stating, “Securing the CMS license from the MAS marks a defining moment for Hashkey Capital and the vibrant Web3 landscape in Singapore. As a licensed fund management company, we are committed to contributing to the local blockchain community and playing our part in shaping its future.” He continued,
Singapore’s innovative spirit aligns with our mission, and we’re excited to propel blockchain-related capital markets products and investments further into the mainstream, offering new possibilities for institutional and accredited investors.
This development bookends a successful 2023, which started the year with Hashkey Capital’s 0 million funding round, a testament to the firm’s growth and influence in the crypto asset management space. The company’s operations in Singapore include a team of approximately 40 staff members, covering a range of services from venture capital investment and fund management to over-the-counter trading of digital assets.
Managing over US billion in client assets, the firm has invested in over 500 projects across infrastructure, tools, and applications within the blockchain and crypto domains. The achievement by Hashkey Capital Singapore comes on the heels of similar licenses granted to other firms in the region, such as Digift and SBI Digital Markets, signaling a growing regulatory embrace of digital assets in Singapore.
Is Singapore the most progressive country with respect to digital assets? Share your thoughts and opinions about this subject in the comments section below.
Hashkey Enables AVAX Trading For Hong Kong Users – But There’s A Catch
Hong Kong-based cryptocurrency exchange Hashkey will now support trading the Avalanche (AVAX) token on its platform. However, traders must meet an interesting requirement before interacting with this cryptocurrency on the exchange.
Traders Must Meet Million Portfolio Requirement: SFC
On Wednesday, September 27, Hashkey announced the listing of the AVAX token on its platform, with trading expected to commence on Thursday, September 28. However, only professional investors or individuals with an investment portfolio worth at least 8 million Hong Kong dollars (equivalent to million), according to Hong Kong’s Securities & Futures Commission (SFC).
Attention #Crypto Enthusiasts! $AVAX @avax will be available on HashKey Exchange.
Deposit and withdrawal are live, and AVAX/USD trading pairs begins on September 28.
Professional investors, this one is for you ! #CryptoAlert
Read more: https://t.co/sKNFHDF6oe pic.twitter.com/ZQpzSmAi39— HashKey Exchange (@HashKeyExchange) September 27, 2023
Bitcoin (BTC), Ether (ETH), and Tether (USDT) are the only cryptocurrencies approved by the SFC for retail trading as of this writing. Meanwhile, other altcoins like AVAX are restricted to professional investors or individuals with a million portfolio.
Since Hong Kong authorized retail crypto trading in August, the Securities & Futures Commission has placed significant restrictions on the operations of exchanges, including Hashkey. For instance, SFC requires users to deposit at least 10,000 Hong Kong dollars (or ,500) during the Know Your Customer (KYC) verification process.
According to CoinGecko data, Hashkey, the first to receive a retail crypto license in Hong Kong, has a daily trading volume of roughly .93 million, which pales compared to its global counterparts. For context, Binance, the world’s largest crypto exchange, boasts a 24-hour trading volume of nearly .9 billion.
AVAX Price Continues Decline In September
Although the listing of AVAX on the Hashkey exchange poses a potential opportunity for increased adoption, it is worth noting that the cryptocurrency’s price has been struggling in recent months. And September wasn’t different for AVAX, as the token lost nearly 14% of its value in the past 30 days.
This continuous decline underscores Avalanche’s overall performance in 2023, which reflects the uncertain condition of the general market. The cryptocurrency has been on an estimated 58% plunge since notching a high of in April.
According to data from CoinGecko, the Avalanche token changed hands for .91, with a 0.31% dip in the last 24 hours. As of this writing, the cryptocurrency has a daily trading volume of 7,251,082, reflecting an 18.4% rise in the past day. Avalanche ranks as the 24th-largest cryptocurrency, with a market cap of over .1 billion.
Binance, Hashkey Pro to List SEC-Sanctioned Blockstack Token
n Crypto exchanges Binance and Hashkey Pro will list Blockstacks token, months after the firm raised million in an SEC-approved ICOn
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Blockstacks STX Token Now Traded on Binance and HashKey Pro
The advance is set to expand investors’ access to Stacks STX especially in Asia, a priority region for Blockstack.
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Blockstacks STK Token Now Traded on Binance and HashKey Pro
The advance is set to expand investors access to Stacks STX – especially in Asia, a priority region for Blockstack.
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