Digital asset management firm HashKey Group has received regulatory approval from the Securities and Futures Commission (SFC) of Hong Kong to expand its over-the-counter (OTC) trade offerings.
This marks a significant development for the firm and its clients, as they will now be able to trade tokens not listed on the platform.
The approval comes as HashKey announced its partnership with Hash Blockchain Limited (HBL) to offer an off-platform virtual asset trading OTC business.
This means that HashKey can act as an intermediary to facilitate trades for its clients, even if they wish to trade tokens not listed on the exchange’s order book.
HashKey had previously received two licenses from the SFC, allowing the firm to trade securities tokens and provide automated trading services, but its clients were limited to trading tokens only listed on the platform.
With this new approval, HashKey president Michel Lee said the firm can provide more investment options for clients in a secure and transparent environment.
He added that HashKey was also working on launching HashKey PRO, a regulatory-compliant exchange designed to foster increased trust and transparency among investors.
