Hong Kong patches on existing securities laws to digital assets infrastructure while Singapore is building something new from the ground up, explains Hex Trust CEO Alessio Quaglini
Aspen’s platform is tailored to asset managers, institutional investors and other professional investors through a single account, which brings together dozens of digital assets service providers like FTX, Celsius Network, Hex Trust and others.
Binance stock tokens were launched in April and previously let customers buy a representation of the stock, without paying commission fees.
Users can deposit and withdraw US dollars from their bank accounts and receive USD coins (USDC) at a 1:1 ratio in the Crypto.com app and exchange, the company said in a statement.
China was added to the list of unlawful jurisdictions for its derivatives trading service, but its users can still access the exchange platform and spot trade, according to the updated fine print on June 26.
Hong Kong Monetary Authority as well as the territory’s Securities and Futures Commission not commenting on existence of investigation into Huobi.
Hong Kong based liquidity provider says there is more and more interest from non-crypto native firms.
Interest in digital assets exists, especially for institutional investors in the City, but clear regulations need to be established around custody, says Hex Trust CEO
As Singapore looks to steal Hong Kong’s status as Asia’s financial hub, the territory’s central bank wants to “future-proof” its claims