Navigating digital asset custody in Hong Kong
Hong Kong’s regulatory landscape for digital asset custody remains fragmented. While industry players welcome greater clarity, striking the balance with growth is crucial.
Troov
Hong Kong’s regulatory landscape for digital asset custody remains fragmented. While industry players welcome greater clarity, striking the balance with growth is crucial.
November 07, 2023
In late October, Zodia Custody, a Standard Chartered-backed crypto custody firm announced its entrance to Hong Kong via CNBC, targeting the city’s institutional-grade digital asset custody market.
Hong Kong is the fourth market in Asia Pacific Apac it has entered after its expansion into Australia, Japan and Singapore.
In a conversation with FinanceAsia, Julian Sawyer, chief executive officer CEO at Zodia, cited a great institutional opportunity in the market, as well as a “regulatory roadmap”, where regulators actively engage with the industry and want to promote digital assets.
In June, the Securities and Futures Commission SFC launched its new licensing regime...
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