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HashKey Capital, the first licensed crypto exchange in Hong Kong, has announced the launch of a new secondary market crypto fund. 
The fund will use a significant portion of its assets to invest in the cryptocurrency industry, targeting different cryptocurrencies. According to a <a href="https://www.reuters.com/markets/currencies/altcoins-central-hong-kong-crypto-firm-hashkeys-first-liquid-fund-2023-08-31/" data-type="link" data-id="https://www.reuters.com/markets/currencies/altcoins-central-hong-kong-crypto-firm-hashkeys-first-liquid-fund-2023-08-31/" target="_blank" rel="noopener">report</a>, the company has secured many potential high-net-worth Asian individuals and companies. 
The firm’s portfolio manager, Jupiter Zheng Jialiang, explained that the company will seek to raise $100 million for its fund over 12 months. Zheng Jialiang added that the fund will invest in top-tier cryptocurrencies like Bitcoin and some altcoins. 
 You might also like: <a href="https://crypto.news/hashkey-officially-launches-as-hong-kongs-first-retail-crypto-exchange/"> HashKey officially launches as Hong Kong’s first retail crypto exchange </a> 
<h2 class="wp-block-heading" id="hashkey-exchange-development-in-hong-kong">HashKey exchange development in Hong Kong</h2> 
<a href="https://crypto.news/hashkey-officially-launches-as-hong-kongs-first-retail-crypto-exchange/" data-type="link" data-id="https://crypto.news/hashkey-officially-launches-as-hong-kongs-first-retail-crypto-exchange/">HashKey Exchange</a> is the first licensed retail virtual asset exchange in Hong Kong. It officially commenced operations with a grand launch event that brought together representatives from the Hong Kong government, central banking institutions, insurance companies, and Big 4 auditing firms. 
The exchange offers direct bank transfers in USD and HKD and support for cryptocurrencies. It operates on the “HEX Engine,” designed to handle up to 5,000 transactions per second (TPS). HashKey Exchange initially focused on Bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="link" data-id="https://crypto.news/price/bitcoin/">BTC</a>) and Ethereum (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/">ETH</a>) due to their large circulation and lower risk. 
However, the exchange has expressed intentions to broaden its offerings in the future, including the possibility of providing margin and derivative products pending approval from the SFC. 
<a href="https://crypto.news/hong-kong-starts-crypto-trading-with-hashkey-exchange/" data-type="link" data-id="https://crypto.news/hong-kong-starts-crypto-trading-with-hashkey-exchange/">HashKey Exchange</a> is actively engaging with significant Hong Kong banks to facilitate the integration of fiat currencies, HKD and USD. Additionally, the exchange is in discussions with brokerage firms in Hong Kong to develop entry points for its crypto trading services. To ensure a secure and reliable trading environment, HashKey Exchange plans to implement an investor rating system that utilizes Know Your Customer (KYC) procedures to assess an investor’s experience. 
 You might also like: <a href="https://crypto.news/hong-kong-starts-crypto-trading-with-hashkey-exchange/"> Hong Kong starts crypto trading with HashKey exchange </a>

Hong Kong’s first licensed crypto exchange HashKey launches fund

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