China Asset Management Joins Forces with HashKey Exchange and Hamsa to Boost Web3 Initiatives in Hong Kong
In Brief
China Asset Management has set forth a memorandum of collaboration with HashKey Exchange and Hamsa to advance the Web 3.0 initiatives in Hong Kong.
China Asset Management — which operates as a fully-owned international branch of China Asset Management Company , announced that it has entered into a memorandum of cooperation with HashKey Exchange and the real asset tokenization leader Hamsa to drive Web3 innovations within Hong Kong’s asset management sector.
This partnership aims to bring state-of-the-art and premium inventive products to the market in Hong Kong.
China Asset Management is recognized as a premier asset manager in Hong Kong, leading the charge in transforming traditional asset management practices. As of September, the company reported an asset management portfolio totalling $265 billion.
As one of the pioneering licensed retail virtual asset exchanges in Hong Kong, HashKey Exchange has received approval from the Hong Kong Securities and Futures Commission and possesses Type 1 and Type 7 licenses. Similarly, Hamsa has successfully tokenized assets on a global scale, amassing an impressive total of $3.2 billion.
Hong Kong Actively Welcomes Web 3.0
The government of Hong Kong along with its financial regulators has enthusiastically embraced the transformative wave of Web3.
Earlier this year, the The Financial Services and the Treasury Bureau (FSTB) has rolled out a series of major initiatives aimed at fostering fintech growth in Hong Kong, including the encouragement of applications and innovations that link to the real economy, particularly in virtual assets and Web3.
From a regulatory standpoint, the Securities and Futures Commission The Securities and Futures Commission (SFC) has introduced new guidelines in response to the rapidly evolving virtual assets market. These rules are designed to safeguard investors while promoting innovation.
Regarding tokenization, the SFC has issued a notice addressed to intermediaries involved in tokenized securities, outlining the regulatory expectations related to investor protection.
Disclaimer
In line with the Trust Project guidelines , it is essential to understand that the information on this page does not constitute legal, tax, investment, financial, or any other form of advice. Always invest responsibly and only what you can afford to lose, and seek independent financial guidance if uncertain. For more details, please refer to the terms and conditions along with the help and support sections provided by the issuer or advertiser. MetaversePost strives for accurate and unbiased reporting, but market conditions can change unexpectedly.
