$MATH CEO commented
Digital asset licensing has opened up opportunities to create powerhouse Hong Kong-based crypto companies. At Metalpha, we recently obtained an uplift on our Type 4 license (advising on securities). This will enable us to expand our efforts in advisory and issuing analysis, and allow us to publish reports to qualified investors on digital assets. This is a milestone for us and it further shows SFC’s confidence in our business approach.
In fact, since the start of this year, we have observed strong demand from family offices and public companies asking how to invest in Bitcoin in a compliant way. Smart investors who see through the noise and beyond the negative headlines are being rewarded with clear opportunities to grow and benefit from crypto and Web3. I believe more companies will apply for licenses to attract investment, boost their business credibility, and pursue new opportunities as a result.
A recent story reported by the Financial Times shows that Hong Kong is projected to overtake Switzerland as the world’s leading cross-border wealth management as Asia spearheads the growth. This massive global wealth shift presents a great opportunity for investors eyeing digital assets. As regulations become clearer for the digital assets industry in the coming years, Hong Kong will stand out as a city that offers a balanced approach to innovation and risk assessment.
Looking forward to the new year, I am confident that Hong Kong will keep playing a key role in building the Web3 hub and enter further direct competition with Singapore, which had an early mover advantage in crypto. And this is a good thing. Investors should have more options to choose the best crypto projects or companies to work with. As for customers, it will boost confidence once they know their service provider is secure and compliant in the eyes of regulators.
