New Solana ETF Uses APAC Reference Rate and Licensed Custody Platforms Hong Kong’s regulators gave the green light to ChinaAMC Solana ETF, the city’s first spot vehicle that directly exposes investors to SOL. Today, trading commences on the HKEX Main Board in 100-share lots across three currency lines. The fund uses the APAC reference rate…
Hong Kong Unveils Major Surveillance Expansion Plan Hong Kong has revealed its intentions to deploy tens of thousands of AI-driven surveillance cameras throughout the city in the years ahead. The initiative seeks to enhance security infrastructure, bringing the city’s surveillance capabilities in line with the technological advancements observed throughout mainland China. Officials have verified that…
South Korea Moves to Legalize ICOs A South Korean lawmaker has introduced draft legislation that could bring back initial coin offerings (ICOs) and create a broader regulatory framework for digital assets. Proposed by Democratic Party lawmaker Lee Kang-il, the bill would replace the 2017 ICO ban with a disclosure-based system. It defines nine categories of…
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…
