With the approval of the Securities and Exchange Commission, Hashkey Group can provide trading facilities to customers even if the tokens are not listed in its order book.
Digital asset management firm HashKey Group has received regulatory approval from Hong Kong’s Securities and Futures Commission (SFC) to expand its over-the-counter (OTC) trading offerings.
HashKey Group has obtained two licenses from the SFC, allowing the company to trade security tokens and provide automated trading services. However, HashKey’s clients are limited to trading tokens listed on the platform.
HashKey announced on February 24 that it has received regulatory approval to provide off-platform virtual asset trading OTC business in partnership with Hash Blockchain Limited (HBL).
With the approval of the SFC, HashKey can act as an intermediary to facilitate transactions for its clients, even if they wish to trade tokens that are not listed on the exchange’s order book.
HashKey president Michel Lee said the SFC approval will enable the trading firm to offer more investment options to its customers in a secure and transparent environment.
Lee added that the company is working to launch HashKey PRO, a regulatory-compliant exchange designed to enhance trust and transparency among investors.