HashKey Capital Singapore Attains Capital Markets Services License from MAS

Bits Logics Team . 19th Dec 2023

• HashKey Capital successfully acquired the Capital Markets Services (CMS) license from MAS.
• This pivotal development designates HashKey Capital Singapore as a licensed fund management company (LFMC).
• This achievement follows HashKey Capital’s recent success in concluding its fundraising journey for VC Fund III.

HashKey Capital Singapore Pte. Ltd., a prominent player in the blockchain and digital asset investment sectors, proudly announces the successful acquisition of the Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS). This pivotal development designates HashKey Capital Singapore as a licensed fund management company (LFMC), empowering the company to provide regulated fund management services related to capital markets products from its Singapore base.

The CMS license marks a significant milestone for HashKey Capital Singapore, positioning it to contribute substantially to the local blockchain community. This achievement underscores the company’s commitment to bridging the gap between blockchain-related capital markets products and mainstream institutional adoption.

Mr. Deng Chao, CEO of HashKey Capital Singapore and Head of HashKey Singapore, expressed enthusiasm about 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. 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.”

The CMS license solidifies HashKey Capital Singapore’s commitment to fostering local growth in the Singaporean market. The company aims to leverage its extensive global resources to enrich the Singaporean financial landscape, creating an environment where traditional and digital financial ecosystems harmoniously converge.

This achievement follows HashKey Capital’s recent success in concluding its fundraising journey for VC Fund III, amassing a total of $500 million. The company’s focus remains steadfast on outstanding Web3 and blockchain projects globally, underscoring HashKey Capital’s dedication to fostering innovation in the digital finance landscape.

With the CMS license in hand, HashKey Capital Singapore is poised to lead the way in the development and adoption of blockchain-related capital markets products, contributing to the continued growth and innovation in Singapore’s dynamic financial landscape.