{"id":193887,"date":"2021-03-04T12:45:36","date_gmt":"2021-03-04T09:45:36","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/huobi-secures-crypto-asset-management-license-in-hong-kong\/"},"modified":"2021-03-04T12:45:36","modified_gmt":"2021-03-04T09:45:36","slug":"huobi-secures-crypto-asset-management-license-in-hong-kong","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/huobi-secures-crypto-asset-management-license-in-hong-kong\/","title":{"rendered":"# Huobi secures crypto asset management license in Hong Kong"},"content":{"rendered":"

“# Huobi secures crypto asset management license in Hong Kong <\/strong>”
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Huobi, one of the largest cryptocurrency exchange platforms in China, app<\/a>ears to be pursuing further expansion of its business following the recent regulatory clearance in Hong Kong.<\/p>\n

According to an official announcement<\/a> by Huobi Technology<\/a> Holdings Ltd., the company\u2019s asset management subsidiary has secured approval from the Hong Kong Securities and Futures Commission to launch a cryptocurrency asset management portfolio.<\/p>\n

The news<\/a> is a follow-up to Huobi securing \u201cType 4\u201d and \u201cType 9\u201d licenses<\/a> from the SFC back in July 2020. In Hong Kong, a Type 4 license enables a company to act as a securities investment adviser while a Type 9 license covers asset management.<\/p>\n

Dubbed Huobi Asset Management, the firm is now looking to launch three cryptocurrency asset funds following the approval by the SFC, according to reports<\/a> in Chinese media<\/a>. However, the launch will be contingent on the fund complying with additional provisions issued by the SFC.<\/p>\n

Tweeting on Thursday, Beijing-based reporter Colin Wu remarked<\/a> that Huobi\u2019s entry into the crypto asset management arena may incentivize institutional investors in Asia to consider crypto investments.<\/p>\n

Wu also stated that Huobi\u2019s planned crypto asset management fund will include both Bitcoin (BTC) and Ether (ETH).<\/p>\n

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Breaking: China’s largest exchange Huobi has obtained a Hong Kong cryptocurrency fund license, and it will launch Bitcoin, Ethereum and multi-strategy funds on March 3. Similar to the Grayscale, this move by Huobi may promote traditional Asian investors to cryptocurrency field. pic.twitter.com\/IIrhZVKiGQ<\/a><\/p>\n

\u2014 Wu Blockchain (@WuBlockchain) March 4, 2021<\/a><\/p><\/blockquote>\n