Geometry Capital HK is approved for Hong Kong virtual asset license No. 4 and No. 9

On May 21, 2024, the official website of the Hong Kong Securities and Futures Commission showed that Geometry Capital (Hong Kong) Limited (hereinafter referred to as Geomoetry Capital HK), whose Chinese name is Geometry Capital (Hong Kong) Co., Ltd., has been approved by the Hong Kong Securities and Futures Commission to engage in regulated businesses 4 and 9 with virtual assets as the core. In the future, Geomoetry Capital HK can provide advice on virtual assets under the No. 4 license and manage an investment portfolio that is 100% invested in virtual assets under the No. 9 license.

Hong Kong is positioned as a new generation of Web3.0 world financial center. With the maturity of the virtual asset regulatory framework, more and more traditional institutions are transforming and entering the market; at the same time, there is also a lack of "crypto-native" asset management and VC landing in Hong Kong and entering the compliance process. Geomoetry Capital is one of them.

The basic hub of traditional finance and virtual assets

Geometry Capital is committed to becoming the basic hub connecting the traditional asset market and the emerging digital asset market, focusing on providing professional financial services for high net worth individuals, family offices and institutions in the two major markets.

Geometry Capital's core team has more than 20 years of investment management experience; at the same time, they have been working in the field of virtual assets for many years, which has also brought them sufficient accumulation.

The vision is to promote technological innovation. In the future, Geometry Capital plans to launch diversified products and services, including licensed and compliant crypto funds, global innovation equity funds, global new technology securities funds, crypto VC funds, and investment advisory services. After the formal approval of the regulatory authorities, Geometry Capital will launch business promotion, undertake the entry of "Old Money" into the virtual asset field, provide more virtual asset allocation solutions, and more professional risk management services. The Hong Kong industry generally upgrades virtual asset-related businesses based on the traditional No. 4 and No. 9 licenses; Geomoetry Capital adopts a different path and directly completes the application for virtual asset licenses.

Regarding the successful application for this license, Geometry Capital said: "We chose to apply for a virtual asset management license in Hong Kong because Hong Kong has a complete regulatory environment for virtual asset services, and has achieved full closed-loop supervision from asset management, exchanges, custodians and even stablecoins, which has greatly eliminated the industry difficulty of "moral risk". At the same time, the Hong Kong government has been actively promoting the development of the virtual asset ecosystem, which is an ideal landing place for virtual asset management. In the application for the Hong Kong license, Geometry Capital deeply felt the strict licensing procedures of the Hong Kong Securities and Futures Commission for virtual asset trading and management platforms, and also saw the professionalism, pragmatism and efficiency of the regulatory work. We firmly believe that Hong Kong will gradually become a vibrant global virtual asset center."

"The approval of the Hong Kong Securities and Futures Commission's No. 4 and No. 9 virtual asset management licenses is an important milestone in the development of Geometry Capital, and also marks the company's operation has entered a new stage. The company will adhere to the concepts of compliance, professionalism and innovation, and start the issuance of actively managed fund products as soon as possible. It will also seize the opportunity to work with the industry to establish the Web3 Research Institute. At Geometry Capital Based on the methodology of Geometry Capital's previous research, it provides a compliant research and exchange platform for talents in virtual asset investment and management, provides a broader growth and development stage for Chinese in the cryptocurrency circle, and promotes the sustainable and high-quality development of Hong Kong's virtual asset industry. ”

With more asset management and VCs with "crypto-native genes" entering Hong Kong, more innovations and optimizations in the field of virtual assets will continue to emerge; traditional finance and virtual assets will continue to deeply integrate, giving birth to more new business models and investment opportunities, helping Hong Kong become a new generation of Web3.0 global financial center.