Co-hosted by HashKey Group, Wanxiang Blockchain Lab and Hong Kong FinTech Association, HashKey Group Digital Asset Industrial Seminar was held in Hong Kong on December 14, 2018. It has attracted experts, key opinion leaders, lawyers and representatives from the auditing department to jointly explore the latest trend of digital asset industry at Cyberport, Hong Kong.
Recently, Hong Kong SFC released a new regulation which was called Statement on Regulatory Framework Toward Management Companies, Fund Distributors and Trading Platform Operators of Virtual Assets Investment Portfolio. With “Exploring Compliance: Institutional Investors and Regulatory Consideration” as the theme, this seminar will put more emphasis on discussing the following two aspects: Firstly, the worries and challenges that may come forth for traditional asset management institutions to enter digital asset industry. Secondly, expectations and suggestions toward Hong Kong’s future regulation.
During the seminar, Feng Xiao, chairman of Wanxiang Blockchain, shared his own thoughts on the blockchain technology and digital asset for the next decade. In his point of view, blockchain is currently in the same phase as the Internet was in 2000. Likewise, the crypto price plunge is similar to the internet bubble back then. However, that’s also the time when numerous Internet giants were born. The bursts of bubbles can help eliminate speculations, and thus offer those creative, promising companies a huge room for growth and further promote the whole industry to grow in a healthy manner.
Five industry trends raised by Feng Xiao:
- The blockchain technology will gradually be mature and may usher in a massive business application in 2020.
- Blockchain regulatory framework becomes more clear. Evolution can be noticed among laws and regulations of multiple countries.
- Mainstream institutions begin to get enrolled, and blockchain players have started to switch from technical geeks to mainstream institutions.
- Mainstream funds begin to invest in digital assets.
- Blockchain developers become more focused on technical usability and user experience.
Henri Arslanian, Chairman of Hong Kong FinTech Association, FinTech and Cryptographic Partner of PwC (Mainland China and Hong Kong), delivered a keynote speech on crypto trend. Here, he pointed out ten trends that can’t be neglected, namely the gradual mature of digital asset industry and its ecosystem, tighter market supervision, increasingly standardized crypto exchanges, more non-conforming projects, the rise of stablecoins, the entry of mainstream institutions in the digital asset industry, etc.
Ben El-Baz, CSO of HashKey Pro, delivered some thoughts on digital asset and institutional capital. He believed that the safety of asset custody, market fairness and professional management of investment portfolio are the key problems that digital investors care the most. To meet the aforementioned needs and expectations, the digital asset market gradually tends to mature nowadays.
Additionally, Ben El-Baz also introduced the newly-released HashKey Group official website to attendees. As far as we know, HashKey has currently launched HashQuark and HashKey Pro trading platform. More specifically, HashQuark is a new generation blockchain pool, which focuses on the public chain pillared by POS, DPOS and other consensus mechanisms. With HashQuark, users don’t necessarily have to purchase relevant hardware and the like, they simply need to deposit tokens into their account. HashQuark team will then provide users mining service on a secure, transparent and efficient basis. HashKey Pro, a full-featured digital asset trading platform, putting fairness and justice as its core principles, operates in a compliant way and strictly controls the quality of its technical outcomes. Moreover, it also attaches great importance to risk management and user’s trading experience, aiming to provide global professional and institutional users with safe, reliable, convenient and highly efficient services concerning assets.
Besides, the newly-established HashKey Capital is also one of the major HashKey products. As a professional, compliant and transparent blockchain fund, it dedicates to blockchain related investment, including the primary and secondary market. While its main customers are accredited and professional investors. HashKey Capital, comprised of research, investment, risk-control, operational, supporting departments, provides strong support for more professional and efficient investment.
With expanding channels in the primary market and constructing strategies in the secondary market as its investment philosophy, HashKey Capital aims to render the premium investment strategy for users to spread their risks in a reasonable way. Furthermore, we’ll have a professional digital asset research team to do researches from all aspects, further optimize smart investment research tools and platforms, construct active management strategies which can meet the needs of different risk preferences. Based on the professional analysis and industrial resources, we will simultaneously design the most promising investment portfolio.
During the themed roundtable discussion, which was named “Move Forward Hand in Hand: Traditional Finance and Digital Economy, Simon AU, COO of HashKey Pro, Alan Wong, certified lawyer of Yu Ling’s Law Office, Ivan Guo, investment director of CM Financial, Adam Cheng, general counsel of Kenetic Capital, partner of Haochen Huang’s Law Office and Jie An’s Law Office, et al., delivered their own views on this topic and had an in-depth discussion.
More to the point, the first HashKey International Digital Asset Summit, co-hosted by HashKey Group and Wanxiang Blockchain Lab, will be held in Hong Kong on March 21, 2019. Under the theme of “Will Digital Assets Become Mainstream?”, regulatory institutions and industrial representatives from world’s major markets will explore a long-term solution in terms of market, technology, regulation, etc., to achieve a standard, healthy and ordered development for digital assets.
HashKey Group (www.hashkey.com), also known as HashKey Digital Asset Group Limited, is a FinTech company focusing on the blockchain and digital assets. Established by experts from both financial and technological area, HashKey devoted itself to linking global ecosystem, accelerating innovation and entrepreneurship, pushing the whole industry forward with its foresighted strategic thinking, professional investment philosophy, and profound layout.
Wanxiang Blockchain Lab
Wanxiang Blockchain Lab, which was funded by China Wanxiang Holdings in September 2015 and now part of Shanghai Wanxiang Blockchain Inc, is the first advanced domestic non-profit research institution focusing on the blockchain technology. Ever since its establishment, Wanxiang Blockchain Lab has become a leading blockchain technology research institution both at home and abroad by holding global blockchain summit, publishing blockchain-oriented book series and reports, launching incubators, industrial training, technical seminar, ChinaLedger, a cooperative project of industry, teaching, and research, etc.
Hong Kong FinTech Association
Hong Kong FinTech Association was found and managed by the community for delivering better services. Voluntarily established by a group of FinTech enthusiasts, it aims to help promote Hong Kong to be a leading global FinTech hub.