HashKey Capital has gained approval from Hong Kong’s SFC for in-kind subscriptions to its Digital Investment Fund. Investors can now directly contribute top 100 cryptocurrencies like Bitcoin and Ether without needing to convert them into fiat, streamlining the investment process. This aligns with wider efforts by HashKey to enhance its regulated offerings in the digital asset space, establishing a stronger presence in Hong Kong.
HashKey Capital has recently secured the green light from Hong Kong’s Securities and Futures Commission (SFC) for in-kind subscriptions to its HashKey Digital Investment Fund. This significant development allows investors to directly contribute various digital assets into this actively managed fund, effectively moving away from traditional fiat currency models. This shift is notable, for it opens new doors for investment in a sector that is increasingly embracing digital currencies.
Under this new approval, investors can contribute any of the top 100 cryptocurrencies by market capitalisation. That includes major assets like Bitcoin, Ether, Ripple, among several others—like Solana, Dogecoin, Cardano, Sui, Chainlink, Toncoin, and Polkadot. This flexibility is set to change the landscape considerably for those looking to diversify their investments using their existing crypto holdings.
Historically, participants have had to convert their cryptocurrencies into fiat before making subscriptions to regulated funds. This process has been riddled with inherent issues such as delays, high conversion costs, and inconsistent pricing. The new mechanism introduced by HashKey effectively bypasses these hurdles, allowing for a more seamless entry into the fund for cryptocurrency holders, which ought to be a win-win for all involved.
A representative from HashKey Capital commented that this model presents a more aligned way of using and storing digital assets. It’s been described as a more practical entry point for investors, promoting operational efficiency while potentially increasing participation in regulated crypto offerings across the region. The firm’s proactive approach is being well-supported with the rollout of this new in-kind subscription feature.
This initiative fits within HashKey’s broader goal of enhancing its regulated service offerings. Recently, the company has received additional regulatory backing from the SFC for services such as Ethereum staking and discretionary account management—demonstrating its commitment to expanding its footprint in the regulated digital asset landscape.
With these regulatory advancements, HashKey Capital is steadily establishing itself within Hong Kong’s digital asset sector. They’re not just a small player; they are among a handful of asset managers now permitted to offer this kind of crypto fund access. Their portfolio boasts a range of digital asset products, including actively managed funds and the Bosera HashKey Bitcoin and Ether spot ETFs, both of which are listed on the Hong Kong Stock Exchange (HKEX).
