HONG KONG, April 2024, 4 /PRNewswire/ -- Metalpha Technology Holding Limited (NASDAQ: MATH) (the "Company" or "Metalpha"), a global wealth management company focused on digital assets, today announced that its wholly-owned Hong Kong subsidiary, LSQ Capital Limited ("LSQ Capital"), has been granted a Type 16 regulated activity license by the Securities and Futures Commission ("SFC") of Hong Kong to provide securities and virtual asset trading services. The new license provides the Company with a unique advantage to continue to lead the market as Asia's largest cryptocurrency derivatives trader.
In view of the recent milestones of Hong Kong spot ETFs, Metalpha expects to launch Hong Kong ETF feeder funds for qualified investors in the near future to meet the growing market demand. In the past 12 months, the company's GBTC feeder fund has achieved an annualized return of approximately 330%. The company is optimistic about Hong Kong becoming a Web3 center and is actively developing unique derivative products and funds to better serve global customers.
With this new license, the company aims to expand into new innovative businesses and work with more traditional financial institutions to directly provide securities trading services. With the Category 1 license, the company can provide professional investors with a truly unique cryptocurrency experience through its world-leading cryptocurrency trading services.
Adrian Wang, President and Director of Metalpha Technology Holding Ltd., said: "We are delighted to have received this license, which will undoubtedly help us expand our business and service scope. Ensuring regulatory compliance is a top priority for our business and we look forward to launching new ETF-linked fund products in the near future to enhance our product portfolio."
Metalpha provides customized hedging solutions and cryptocurrency derivatives for institutions. The company is honored to be the largest cryptocurrency derivatives dealer in Asia and is working closely with financial institutions such as family offices, investment funds, and cryptocurrency mining companies.
The company also holds Type 4 (advising on securities and tokens) and Type 9 (asset management) licenses issued by the SFC.
About Metalpha Technology Holding Limited
Metalpha Technology Holding Limited (Nasdaq: MATH) was founded in 2015 and went public on October 2017, 10. The listed company is committed to providing investment and wealth management services through its subsidiaries using a full range of institutional-grade platforms. With extensive blockchain expertise, the company is committed to becoming a leader in cryptocurrency wealth management services, bringing robust innovation and transparency to the clients and businesses it serves.
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