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SFC allows HK’s MaiCapital to manage 100% digital-assets portfolio

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The development allows the city to emerge as a top destination for asset managers looking to launch cryptocurrency-themed funds for professional investors.

See related article: More traditional investors are eyeing cryptocurrency to diversify their portfolios

Fast facts

  • The Securities and Futures Commission (SFC)-licensed blockchain and virtual assets manager can manage portfolios that may comprise up to 100% of virtual assets.
  • HK-listed Wealthking Investment joins the manager as a new investor, bringing expertise in traditional finance.
  • MaiCapital to expand offering of virtual asset fund products and regulated crypto services to global investors.
  • Plans to grow institutional business to over US$200 million in AUM.
  • Since securing SFC licenses to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities in 2018, MaiCapital has been operating two actively managed blockchain-themed hedge funds.
  • These have achieved more than 20 times growth in total AUM since 2019 through proprietary trading.
  • Blockchain Opportunity Fund, MaiCapital’s virtual asset-themed hedge fund’s return in 2021 ranked amongst the top three hedge funds across all of Asia, according to Preqin.
  • MaiCapital only partners with regulated exchanges and custodians such as Coinbase and OSL.

See related article: A portfolio balanced by digital assets

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