MaiCapital Gets Hong Kong SFC’s Nod to Manage 100% Digital Asset Funds

by Arnab Shome
  • The company manages two actively managed blockchain-themed hedge funds.
  • Until now, it operated with SFC’s Type 4 and Type 9 licenses.
hong kong

Hong Kong-based MaiCapital Limited, which is a blockchain and virtual asset manager, has secured approval from the local financial market supervisor, the Securities and Futures Commission (SFC), that will allow the company to manage assets with 100 percent virtual assets.

Until now, the company operated with SFC’s Type 4 and Type 9 licenses, which it obtained in 2018. The first allows the company to advise on securities, while the second grants permission to act as an asset manager.

Announced on Tuesday, the company also brought in Wealthking Investment as an investor and shareholder.

“With the extended approval from SFC, MaiCapital is on an even greater trajectory to bring more innovative investment products and services to professional and institutional investors,” said Liu Zhiwei, the Chairman of Wealthking.

Actively Managed Crypto Funds

MaiCapital has been operating two actively managed blockchain -themed hedge funds since 2019, receiving investments only from institutions and qualified professional investors. According to the company, the latest SFC approval will allow it to deploy crypto investment strategies with greater flexibility.

MaiCapital’s CEO, Benedict Ho said: “MaiCapital has always prided itself in its ability to invest in the nascent cryptocurrency asset class with the highest compliance standards and an unyielding focus to protect the interests of investors.”

In addition, the Hong Kong asset manager highlighted that it only partners with regulated digital asset exchanges and venues for its hedge funds. Two of its partners are Coinbase and OSL.

“It is so exciting to be working with MaiCapital and to provide access to our comprehensive suite of products and services including custody, prime brokerage, trading tools and analytics, and an enterprise infrastructure built on top of a robust security platform,” said Coinbase’s APAC Institutional Sales Head, Kayvon Pirestani.

Hong Kong-based MaiCapital Limited, which is a blockchain and virtual asset manager, has secured approval from the local financial market supervisor, the Securities and Futures Commission (SFC), that will allow the company to manage assets with 100 percent virtual assets.

Until now, the company operated with SFC’s Type 4 and Type 9 licenses, which it obtained in 2018. The first allows the company to advise on securities, while the second grants permission to act as an asset manager.

Announced on Tuesday, the company also brought in Wealthking Investment as an investor and shareholder.

“With the extended approval from SFC, MaiCapital is on an even greater trajectory to bring more innovative investment products and services to professional and institutional investors,” said Liu Zhiwei, the Chairman of Wealthking.

Actively Managed Crypto Funds

MaiCapital has been operating two actively managed blockchain -themed hedge funds since 2019, receiving investments only from institutions and qualified professional investors. According to the company, the latest SFC approval will allow it to deploy crypto investment strategies with greater flexibility.

MaiCapital’s CEO, Benedict Ho said: “MaiCapital has always prided itself in its ability to invest in the nascent cryptocurrency asset class with the highest compliance standards and an unyielding focus to protect the interests of investors.”

In addition, the Hong Kong asset manager highlighted that it only partners with regulated digital asset exchanges and venues for its hedge funds. Two of its partners are Coinbase and OSL.

“It is so exciting to be working with MaiCapital and to provide access to our comprehensive suite of products and services including custody, prime brokerage, trading tools and analytics, and an enterprise infrastructure built on top of a robust security platform,” said Coinbase’s APAC Institutional Sales Head, Kayvon Pirestani.

About the Author: Arnab Shome
Arnab Shome
  • 6230 Articles
  • 79 Followers
About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
  • 6230 Articles
  • 79 Followers

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