WebJun 3, 2024 · In Hong Kong SAR, licensed fund managers who want to invest more than 10% of a fund’s gross asset value in virtual assets need a licence uplift and access to will be limited to professional investors. Sources told IFLR that seven fund managers have received the uplift in the past two years, covering between 10 to 15 funds.While more funds are in … WebNov 10, 2024 · Kate Lin 10 November, 2024 15:27. Hong Kong’s Securities and Futures Commissions has said that exchange traded funds (ETFs) linked to virtual assets could be permitted for Hong Kong retail investors …
Hong Kong Web3 Ecosystem Sees Rising Interest
WebJan 14, 2024 · Arrano Capital launched Hong Kong’s first regulated crypto index fund in April last year, claiming that the fund tracks bitcoin (BTC) prices, using tracking technology co-developed by CryptoCompare and MV Index Solutions, as well as a conventional fund structure that will allow institutional investors access to crypto. WebJul 18, 2024 · Numerous crypto startups have moved their operations to Hong Kong for its ease of doing business, and a vibrant community of crypto-focused funds and advisory … how far is new jersey from illinois
Hong Kong Billionaire to Raise $ 200 Million Crypto Fund
WebApr 12, 2024 · Hong Kong banks are reportedly starting to support crypto, with CZ, the CEO of Binance, predicting an influx of funds into the region. USDT alone, with a market cap of $80 billion, is already making waves. ... As the world of crypto continues to evolve, Hong Kong is positioning itself as a hub for digital assets and financial innovation. WebApr 10, 2024 · In late March, a Hong Kong-based investment fund, ProDigital Futures, announced its plans to invest $100 million in crypto ventures. Also, in the February budget, Hong Kong allocated HK$50 million (US$6.4 million) to organize international conferences and youth workshops for Web3 development. WebApr 12, 2024 · Hong Kong’s biggest virtual bank is pushing into transfers of crypto and fiat currencies and to provide account services for the city’s burgeoning digital asset sector. how far is new jersey from massachusetts