Latest news with #HongKongSecuritiesandFuturesCommission
Yahoo
3 days ago
- Business
- Yahoo
HashKey Group Lists XRP for Institutional Investors in Asia
Hong Kong-based trading platform HashKey Group has announced the listing of XRP XRP for professional investors. The company said in a tweet that spot XRP/USD markets are now live, although the trading pair notched just $4,000 in volume in the first hour after listing. HashKey Group is licensed by the Hong Kong Securities and Futures Commission (SFC) and targets institutional investors in Asia. The listing comes after XPR was selected as one of five assets to be included in included in the U.S. strategic crypto reserve. HashKey Group cited XRP's resurgence in late 2024 as a catalyst for this cycle's first altcoin season, and in April it rolled out Asia's first XRP tracker fund in partnership with Ripple. 'HashKey Capital has been a valued partner in expanding institutional access to XRP across Asia, " Fiona Murray, Ripple's managing director of APAC said in a press release. " From launching the region's first XRP Tracker Fund to facilitating XRP's listing on HashKey Exchange, our collaboration reflects a shared commitment to real-world utility. We look forward to advancing that momentum through responsible innovation.' XRP is currently trading at $2.19, down 4.4% over the past 24 hours following a wider crypto market sell-off that has seen bitcoin slump to $105,000. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
13-05-2025
- Business
- Business Wire
GTJAI Officially Launches Tokenised Securities Business
HONG KONG--(BUSINESS WIRE)-- Guotai Junan International Holdings Limited ('GTJAI', the 'Company' or the 'Group', stock code: a company of Guotai Haitong Group, actively responded to the market trend by submitting its business plans for the distribution business of tokenised securities and digital bond issuance business in accordance with the 'Circular on Intermediaries Engaging Tokenised Securities-related Activities' issued by the Hong Kong Securities and Futures Commission , which have been confirmed by the regulatory authority on no further questions, marking the milestone of the Group's opening of the digital securities business. Wealth Management: expanding distribution of tokenised securities and providing advice services GTJAI filed a wealth management-related business plan with the Hong Kong Securities and Futures Commission on 21 January 2025, intending to distribute and advise clients on tokenised securities on top of the original securities trading basis. The types of tokenised securities covered by the plan include structured products linked to multiple underlying assets (e.g., structured notes and over-the-counter derivatives), SFC-approved funds and other funds and bonds. The Hong Kong Securities and Futures Commission issued a confirmation email on 7 May 2025 with no further questions on the plan. Debt Capital Markets: exploring the full chain of tokenised bond issuance services In order to better meet the market development and provide alternative issuance solutions to clients, GTJAI has submitted to the Hong Kong Securities and Futures Commission a business plan for digital bond issuance based on the original bond issuance business, and will be able to serve clients as the overall coordinator, syndicated capital market intermediary or settlement agent in digital bond issuance projects in the future. The Hong Kong Securities and Futures Commission has confirmed on 2 April 2025 that it has no further questions on the plan. Empowering traditional business with technology to strengthen market competitiveness Tokenisation generally involves the process of recording claims on assets that exist on a traditional ledger onto a programmable platform, which includes the use of distributed ledger technology (DLT e.g., blockchain) in the security lifecycle. GTJAI's launch of the tokenised securities business demonstrates its forward-looking strategy and outstanding professional capabilities as a leading Chinese financial institution in Hong Kong, which is an important move for the Group to embrace innovative financial technology and respond to market demand. Through deep integration of DLT technology into the entire process of securities issuance, trading and custody, the Group will not only upgrade the intelligence of its business processes and enhance operational efficiency and transparency, but also create customized asset allocation solutions for investors with different risk preferences, thereby continuously enhancing the Group's competitiveness in the market through differentiated and innovative products. About GTJAI Guotai Junan International ('GTJAI', Stock Code: a company of Guotai Haitong Group, is the market leader and first mover for internationalization of Chinese Securities Company as well as the first Chinese securities broker listed on the Main Board of The Hong Kong Stock Exchange through initial public offering. Based in Hong Kong with subsidiaries in Singapore, Vietnam and Macau, GTJAI's business covers major markets around the world, offering high-quality and diversified comprehensive financial services for clients' overseas asset allocation. Core business includes brokerage, corporate finance, asset management, loans and financing, financial products, which cover three dimensions including individual finance (wealth management), institutional finance (institutional investor services and corporate finance) and investment management. GTJAI has been assigned 'Baa2' and 'BBB+' long term issuer rating from Moody and Standard & Poor respectively, as well as an MSCI ESG 'A' rating, Wind ESG 'A' rating and SynTao Green Finance 'A' rating in ESG. Additionally, its S&P Global ESG score leads 84% of its global peers. The controlling shareholder, Guotai Haitong Securities (Stock Code: is the comprehensive financial provider with a long-term, sustainable and overall leading position in the China's capital markets. For more information about GTJAI, please visit
Yahoo
13-05-2025
- Business
- Yahoo
GTJAI Officially Launches Tokenised Securities Business
HONG KONG, May 13, 2025--(BUSINESS WIRE)--Guotai Junan International Holdings Limited ("GTJAI", the "Company" or the "Group", stock code: a company of Guotai Haitong Group, actively responded to the market trend by submitting its business plans for the distribution business of tokenised securities and digital bond issuance business in accordance with the "Circular on Intermediaries Engaging Tokenised Securities-related Activities" issued by the Hong Kong Securities and Futures Commission , which have been confirmed by the regulatory authority on no further questions, marking the milestone of the Group's opening of the digital securities business. Wealth Management: expanding distribution of tokenised securities and providing advice services GTJAI filed a wealth management-related business plan with the Hong Kong Securities and Futures Commission on 21 January 2025, intending to distribute and advise clients on tokenised securities on top of the original securities trading basis. The types of tokenised securities covered by the plan include structured products linked to multiple underlying assets (e.g., structured notes and over-the-counter derivatives), SFC-approved funds and other funds and bonds. The Hong Kong Securities and Futures Commission issued a confirmation email on 7 May 2025 with no further questions on the plan. Debt Capital Markets: exploring the full chain of tokenised bond issuance services In order to better meet the market development and provide alternative issuance solutions to clients, GTJAI has submitted to the Hong Kong Securities and Futures Commission a business plan for digital bond issuance based on the original bond issuance business, and will be able to serve clients as the overall coordinator, syndicated capital market intermediary or settlement agent in digital bond issuance projects in the future. The Hong Kong Securities and Futures Commission has confirmed on 2 April 2025 that it has no further questions on the plan. Empowering traditional business with technology to strengthen market competitiveness Tokenisation generally involves the process of recording claims on assets that exist on a traditional ledger onto a programmable platform, which includes the use of distributed ledger technology (DLT e.g., blockchain) in the security lifecycle. GTJAI's launch of the tokenised securities business demonstrates its forward-looking strategy and outstanding professional capabilities as a leading Chinese financial institution in Hong Kong, which is an important move for the Group to embrace innovative financial technology and respond to market demand. Through deep integration of DLT technology into the entire process of securities issuance, trading and custody, the Group will not only upgrade the intelligence of its business processes and enhance operational efficiency and transparency, but also create customized asset allocation solutions for investors with different risk preferences, thereby continuously enhancing the Group's competitiveness in the market through differentiated and innovative products. About GTJAI Guotai Junan International ("GTJAI", Stock Code: a company of Guotai Haitong Group, is the market leader and first mover for internationalization of Chinese Securities Company as well as the first Chinese securities broker listed on the Main Board of The Hong Kong Stock Exchange through initial public offering. Based in Hong Kong with subsidiaries in Singapore, Vietnam and Macau, GTJAI's business covers major markets around the world, offering high-quality and diversified comprehensive financial services for clients' overseas asset allocation. Core business includes brokerage, corporate finance, asset management, loans and financing, financial products, which cover three dimensions including individual finance (wealth management), institutional finance (institutional investor services and corporate finance) and investment management. GTJAI has been assigned "Baa2" and "BBB+" long term issuer rating from Moody and Standard & Poor respectively, as well as an MSCI ESG "A" rating, Wind ESG "A" rating and SynTao Green Finance "A" rating in ESG. Additionally, its S&P Global ESG score leads 84% of its global peers. The controlling shareholder, Guotai Haitong Securities (Stock Code: is the comprehensive financial provider with a long-term, sustainable and overall leading position in the China's capital markets. For more information about GTJAI, please visit View source version on Contacts ir@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-04-2025
- Business
- Yahoo
Hong Kong Expands Crypto Regulations To Include Staking for Licensed Platforms and ETFs Amid Rising Competition
The Hong Kong Securities and Futures Commission (SFC) announced new regulatory guidance permitting licensed Virtual Asset Trading Platforms (VATPs) and exchange-traded funds (ETFs) to offer staking services. This initiative is part of Hong Kong's broader roadmap to establish itself as a significant player in the crypto sector. The SFC emphasized the growing demand from investors for staking services, which can enhance the security of blockchain networks. However, VATPs must secure prior written approval from the SFC before launching staking services. Similarly, crypto ETFs are also required to obtain regulatory consent to engage in staking activities. The guidelines mandate that firms implement safeguards to prevent errors related to the staking process, ensure the protection of clients' staked assets, and transparently disclose any associated risks. This regulatory development aligns with the government's February announcement of a comprehensive plan to strengthen the region's crypto framework. The roadmap includes 12 key initiatives, such as new token listings, margin trading, borrowing, and lending. Hong Kong's proactive stance comes in the wake of a newly established licensing regime for VATPs, which began in June 2023, allowing licensed exchanges to provide retail trading services. The SFC's chief executive officer, Julia Leung, stated that expanding the range of regulated products and services is essential for the sustainable growth of Hong Kong's virtual asset ecosystem. As competition intensifies globally, particularly with recent pro-crypto developments in the U.S., Hong Kong aims to accelerate its crypto initiatives. The SFC underscores the importance of maintaining a regulatory framework that prioritizes the safety of client assets while fostering innovation in the virtual asset market. Sign in to access your portfolio
Zawya
28-03-2025
- Business
- Zawya
Hong Kong's HashKey, Bosera to offer tokenised money market ETFs in April
Hong Kong-based cryptocurrency exchange HashKey Group and asset manager Bosera International will launch the world's first tokenised money market exchange-traded funds (ETFs) in April, the companies said in a joint statement on Friday. The Hong Kong Securities and Futures Commission (SFC) has approved two new tokenised share classes - the Bosera HKD Money Market ETF and the Bosera USD Money Market ETF, according to the statement. The products will allow investors allow exposure to high-quality money market instruments via blockchain-based tokens, enhancing asset allocation and risk management capabilities, the firms said. "Under the current market trend of compliance, we expect more traditional financial institutions to actively enter the crypto finance sector through innovative tokenisation products," said Dr. Xiao Feng, chairman and CEO of HashKey Group. The ETFs will be issued on HashKey Chain, the company's proprietary blockchain platform. HashKey Exchange, which became Hong Kong's first licensed crypto trading platform to serve retail investors in August 2023, is currently the largest regulated virtual asset trading venue in the territory. The launch aligns with Hong Kong's push to position itself as a center for Web3 - the blockchain-based evolution of the internet - and digital asset innovation through crypto-friendly regulatory measures designed to attract global cryptocurrency businesses. (Reporting by Sherin Sunny in Bengaluru; Editing by Sonia Cheema)
