SFC allows HK’s MaiCapital to manage 100% digital-assets portfolio
The development allows the city to emerge as a top destination for asset managers looking to launch cryptocurrency-themed funds for professional investors.
See related article: More traditional investors are eyeing cryptocurrency to diversify their portfolios
- The Securities and Futures Commission (SFC)-licensed blockchain and virtual assets manager can manage portfolios that may comprise up to 100% of virtual assets.
- HK-listed Wealthking Investment joins the manager as a new investor, bringing expertise in traditional finance.
- MaiCapital to expand offering of virtual asset fund products and regulated crypto services to global investors.
- Plans to grow institutional business to over US$200 million in AUM.
- Since securing SFC licenses to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities in 2018, MaiCapital has been operating two actively managed blockchain-themed hedge funds.
- These have achieved more than 20 times growth in total AUM since 2019 through proprietary trading.
- Blockchain Opportunity Fund, MaiCapital’s virtual asset-themed hedge fund’s return in 2021 ranked amongst the top three hedge funds across all of Asia, according to Preqin.
- MaiCapital only partners with regulated exchanges and custodians such as Coinbase and OSL.
See related article: A portfolio balanced by digital assets
2021 Acura Rdx Technology Package 2021 Acura Tlx Technology Package 2022 Acura Mdx Technology Package Align Technology Stock Applied Racing Technology Artificial Intelligence Technology Solutions Inc Assisted Reproductive Technology Battery Technology Stocks Benjamin Franklin Institute Of Technology Chief Technology Officer Color Star Technology Craft Design Technology Definition Of Technology Definitive Technology Speakers Element Materials Technology Health Information Technology Salary Ice Mortgage Technology Information Technology Definition Information Technology Degree Information Technology Salary Interactive Response Technology International Game Technology La Crosse Technology Weather Station Lacrosse Technology Atomic Clock Luokung Technology Stock Marvell Technology Stock Price Maytag Commercial Technology Washer Microchip Technology Stock Micron Technology Stock Price Mrna Technology History Mrna Vaccine Technology Nyc College Of Technology Penn College Of Technology Recombinant Dna Technology Rlx Technology Stock Robert Half Technology Science And Technology Sharif University Of Technology Smart Home Technology Stevens Institute Of Technology Ranking Symphony Technology Group Technology In The Classroom Technology Readiness Level Technology Stores Near Me Thaddeus Stevens College Of Technology University Of Advancing Technology Vanguard Information Technology Etf Vanguard Technology Etf What Is 5g Technology Women In Technology