A Hong Kong Company’s Bold Bitcoin Bet In a move that signals a significant shift in corporate financial strategy, Ming Shing Group Holdings Limited, a Hong Kong-based company historically focused on wet trades, has announced a landmark deal. The firm has committed to purchasing 4,250 Bitcoin in a transaction valued at nearly $483 million. This…
Huajian Medical Launches Ethereum Treasury Strategy Huajian Medical (Hong Kong: 1931), a Chinese medical diagnostics provider, has reportedly launched a new and innovative corporate strategy called the “Global Enhanced Ethereum Treasury with Downward Protection Mechanism”. This initiative is designed to position Ethereum (ETH) as the company’s core reserve asset, signalling a major strategic shift in…
Hong Kong Poised to Benefit from Singapore’s Crypto Clampdown Hong Kong is strategically positioning itself to attract a significant influx of crypto liquidity as its regional rival, Singapore, implements stricter regulations on unlicensed cryptocurrency companies. The Monetary Authority of Singapore’s (MAS) June 30 deadline for crypto service providers to cease offering digital token services to…
VMS Group, a prominent Hong Kong-based family office managing nearly $4 billion in assets, is taking its first significant step into the cryptocurrency market. This strategic move, reported by Bloomberg, involves earmarking up to $10 million for investment strategies managed by DeFi hedge fund Re7 Capital. The decision reflects a broader trend among traditional financial…
Hong Kong-based brokerage, Futu Securities, is taking significant steps into the cryptocurrency space with the launch of crypto deposit services on its Futu NiuNiu platform. This new feature will allow users to deposit and trade major digital assets such as Bitcoin, Ethereum, and Tether, marking a significant expansion for the platform that has long been…
To aid with smoother technology company listings on its stock exchange, Hong Kong has launched a new scheme. This initiative is an attempt to appeal to Chinese firms looking to offshore funds, announced on Tuesday, May 6. Based on a joint statement issued by the bourse operator alongside Hong Kong’s Securities and Futures Commission (SFC),…
HONG KONG—HashKey Capital, a digital asset financial services group, has received direct cryptocurrency subscriptions to its funds from the Hong Kong Securities and Futures Commission (SFC). This approval is significant, as it permits investors to bypass the cumbersome step of converting their digital assets into fiat currency, facilitating smoother access to crypto products that are…
South Korea, Vietnam, Malaysia, Thailand, and Hong Kong are at the forefront of Asia’s surge, spearheading the adoption, governance, and innovation that are transforming global finance. Unlike many parts of the world, Asia is quickly solidifying a primary position in the cryptocurrency and decentralized finance ecosystem. At the forefront of this change are South Korea,…
With a recent report released by migration platform Multipolitan ranking Hong Kong as the second-most crypto-friendly city in the world, it is apparent that the city is rapidly solidifying its position as one of the global dominators for cryptocurrencies. The report cites the city’s favorable blend of tax policies and overwhelming concentration of wealth as…
