Crypto firm HashKey launches wealth management program to meet demand
The Asian continent is witnessing a growing use of crypto-assets. More crypto products and services are emerging to improve users’ experience with digital assets.
In a new development, Hong Kong-based digital asset company HashKey Group has revealed a new wealth management service. HashKey Group aims to increase Asian users’ exposure to various digital assets.
HashKey introduces a new wealth management service
April 14, 2023, HashKey announced plans to introduce the Wealth Program, a new wealth management service. This will mark the firm’s first investment and wealth platform with exposure to various virtual assets.
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According to its statement, the new service platform aims to satisfy professional and institutional investors in the evolving world of digital assets. It noted that demand for virtual assets is increasing significantly due to market volatility. Several new and exciting crypto-assets have also appeared in the industry.
Furthermore, HashKey said that the Boston Consulting Group conducted a study in 2022 regarding individual wealth investment in virtual assets and tthe study showed that less than 1% of individual wealth is in investments in digital assets, while 25% is in equity investments. The result implies an increasing demand for crypto-assets in the future.
The CEO of the venture capital subsidiary of the group, HashKey Capital, Deng Chai, cited some of the use cases for the new service. First, it will create the opportunity for users to be part of the growing possibilities of digital assets.
In addition, the operation of HashKey Wealth will combine traditional private banking with AI-powered digital service capacity. Therefore, it will provide professional, simplified and secure solutions to all classes of investors, including new investors.
HashKey upgrades its OTC trading
The firm also said it would upgrade its over-the-counter (OTC) trading business. The move ensures that it maintains deeper and more reliable liquidity despite the current turbulence in the crypto market.
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The group also plans to deepen cooperation with industry partners to provide better services to exceed the expectations of the many institutions and professional investors.
HashKey Group is a virtual asset service provider in Asia. Its operations in digital assets cut across trading, venture capital, custody, Web3 infrastructure and technology.
In particular, Hong Kong’s Securities and Futures Commission (SFC) recently approved Type 9 asset management license for HashKey. This license allows HashKey to manage portfolios containing 100% digital assets.
Featured image from Pixabay and chart from Tradingview
