As predicted, less than a quarter into 2021, we are already seeing big, Asia-based companies building the infrastructure for institutional investors to jump into the crypto market. Huobi Asset Management just announced that the Hong Kong Securities and Futures Commission(SFC) has granted it a license to manage “portfolios that invest in virtual assets.”
To comply, Huobi must submit to being a regulated asset manager. With that regulatory approval, Huobi Asset Management plans to launch a BTC tracker fund, an ETH tracker fund and a multi-strategy digital asset fund.
Why Vitalik Buterin is Known as the ‘V God’ in China
This is not Huobi’s first entry into the asset-management world. In July 2020, the firm applied for and received a Type 4 license, which allows them to advise clients on securities, and a Type 9 license, which allows them to manage clients’ assets.
This week’s da bing looks into the state of Huobi’s institutional play and digs into why it must have a seat i
Źródło: https://decrypt.co/60680/chinas-biggest-crypto-players-now-vying-for-institutional-investors
