Digital asset financial services firm Hashkey Group is looking to expand its appeal to professional and accredited investors through its new wealth management arm, Hashkey Wealth.
The wealth management service will also target institutions and family offices, aiming to tap into the “significant demand” from such investors for digital assets, the firm announced on Friday.
Hashkey cited a 2022 study by Boston Consulting Group which suggested that less than 1% of individual wealth is invested in cryptocurrency, compared to around 25% in equity. This suggests there may be substantial room for growth for crypto exposure.
To further enhance its offering for professional investors, HashKey has expanded its over-the-counter (OTC) service by boosting its liquidity coverage and range of tokens in the spot market.
Hashkey recently received approval from Hong Kong’s Securities and Futures Commission (SFC) to manage portfolios 100% invested in crypto having obtained a Type 9 asset management license.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
:format(webp)/www.coindesk.com/resizer/Wsw21Z13uYNeMwlEy09fcHX_LHw=/arc-photo-coindesk/arc2-prod/public/Z2G3HHMTVJGWRAQIH4UHCT3FEY.jpg)
Jamie Crawley is a CoinDesk news reporter based in London.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.
Jamie Crawley is a CoinDesk news reporter based in London.
Read more about