Hong Kong, 1 June 2023 – HashKey PRO, a Hong Kong Securities and Futures Commission (SFC) licensed virtual asset trading platform, announces the submission of its license application under Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap 615) to offer retail services in Hong Kong. By taking this crucial step, HashKey PRO further strengthens its commitment to regulatory compliance and the provision of a trusted trading platform for retail investors.
Michel Lee, Executive President at HashKey Group said: “We are dedicated to meeting the needs of retail investors and ensuring that their best interests are protected. By proactively applying for the necessary license, we demonstrate our commitment to regulatory compliance, creating a platform that is tailored to the retail user experience and meeting the evolving demands of the industry.”
Under the latest Consultation Conclusions on the Proposed Regulatory Requirements for Virtual Asset Trading Platform Operators, licensed virtual asset trading platforms will adhere to the Guidelines, encompassing licensing and conduct requirements. HashKey PRO acknowledges the paramount importance of robust investor protection measures and is devoted to conducting suitability assessments, implementing a token admission and review committee, and adhering to rigorous due diligence and admission criteria for virtual assets offered to retail users.
Colin Zhong, CEO of HashKey PRO said: “We are still in the early stages of the virtual asset industry, and we are very excited to have the opportunity to expand and deepen the scale of this market in Hong Kong. When we built our platform, the first thing we considered was compliance and how to best ensure the safety of our clients’ funds. Our operational model is designed around this principle. We deeply believe that our value proposition will distinguish us significantly from the competition and make us a trusted platform.”
The submission of the license application marks a significant milestone for HashKey PRO as it strives to become a fully licensed platform catering to retail investors in Hong Kong. The company eagerly anticipates working closely with the SFC and relevant authorities to welcome retail investors and provide a secure, compliant, and user-centric trading experience.
About HashKey PRO
HashKey PRO is a SFC-licensed virtual asset trading platform that offers fiat trading pairs and on/off-ramp support.
HashKey PRO has received approval from the Securities and Futures Commission of Hong Kong to operate a virtual asset trading platform under a Type 1 (Dealing in securities) licence and a Type 7 (Providing automated trading services) licence. Operating under Hash Blockchain Limited in Hong Kong, HashKey PRO is also ISO 27001 and ISO 27701 certified.
About HashKey Group
HashKey Group is an end-to-end digital asset financial services group in Asia. The Group provides a complete ecosystem across the entire digital asset landscape, ranging from trading, custody, venture investment, technologies to Web3 infrastructure. HashKey’s senior team has decades of investment and trading experience and deep market insights gained from tier-one banks, regulators and FinTech ventures. By bringing together the most advanced blockchain research and development and technologies, HashKey identifies potential opportunities and delivers end-to-end solutions that operate within regulatory frameworks with the highest compliance standards. The Group has operations in Hong Kong, Singapore and Japan, and extensive partnerships with FinTech and blockchain solutions providers, academic institutions and associations.
