Hong Kong’s SFC gives license to MaiCapital to manage 100% digital assets portfolios

In a breakthrough move, the Securities and Futures Commission (SFC) gave a license to MaiCapital, a Hong Kong-based blockchain and digital assets manager which will allow the right to manage 100% digital asset portfolios. This show of approval by the local financial regulator helps expand MaiCapital’s services and position as a leader in digital asset management.

MaiCapital has been operating with SFC’s Type 4 and Type 9 licenses since 2018. The licences grant the company rights to advise on securities and operate as an asset management company.

Since 2019, the company has been operating two actively managed blockchain-themed hedge funds, backed only by institutions and qualified investors. The hedge funds are called Blockchain Opportunity Fund and the Bitcoin Plus Investment Fund ("Funds"). The Funds are perceived as the most complex of the investment funds. They enable a wide range of investment strategies, including systematic and quantitative trading, market-making and arbitrage algorithmic trading across a spectrum of investments cryptocurrency futures and derivatives, contracts for difference and the top 50 liquid coins. These have achieved more than 20 times growth in total assets under management (AUM) through proprietary trading.

According to MaiCapital, the latest SFC approval will allow it to deploy crypto investment strategies with greater flexibility. It also indicates both SFC and MaiCapital’s ambition in providing more innovative products.

Bringing in strategic investment partner from traditional finance

Announced on Tuesday, MaiCapital also welcomes HK-listed Wealthking Investment as a new investor and shareholder to bring in expertise from the traditional finance market.

“With the extended approval from SFC, MaiCapital is on an even greater trajectory to bring more innovative investment products and services to professional and institutional investors,” said Liu Zhiwei, the Chairman of Wealthking.

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