HashKey Capital Gains Hong Kong’s Type 1 License for Crypto Brokerage
With the latest authorization, HashKey Capital can market and distribute investment funds and structured products, including those tied to virtual assets.
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With the latest authorization, HashKey Capital can market and distribute investment funds and structured products, including those tied to virtual assets.
The integration comes at a time when Bitcoin’s role in decentralized finance (DeFi) is gaining traction. Despite being the foundation of the crypto industry, Bitcoin’s DeFi ecosystem remains in its early stages.
While the agency is stepping back from its appeal, Ripple has not yet agreed to withdraw its own challenge. The company continues to contest the $125 million fine imposed by the court and the ongoing injunction that restricts it from selling XRP to institutional investors without registering those transactions as securities.
The broader vision behind Converge stems from concerns over DeFi’s stagnation since its peak in 2021. Domingo believes the lack of institutional adoption has hindered further growth, potentially limiting the next market cycle’s full potential.
The move comes as Strategy continues to aggressively accumulate Bitcoin. On Monday, the firm disclosed the purchase of approximately $10.7 million worth of Bitcoin, bringing its total holdings to an estimated $41.4 billion.