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LSQ Capital Received Virtual Assets Type 1 License
2024/04/15
(April, 15, 2024) LSQ Capital Limited ("LSQ Capital"), a wholly-owned subsidiary of the Metalpha Technology Holding Limited (NASDAQ: MATH) ("Metalpha"), today announced it has been granted an addition of Type 1 regulated activity to its existing license by the Securities and Futures Commission (the “SFC”), allowing it to provide securities and virtual assets dealing services.
“We are grateful for our subsidiary to be granted this license and it will undoubtedly help us expand business outreach and offerings. Focusing on compliance is a top priority of our business and we look forward to expanding our product offerings,” said Adrian Wang, President and Director of Metalpha Technology Holding Ltd.
LSQ Capital is also a holder of uplifted Type 4 (advising on securities and tokens) & Type 9 (asset management) licenses by the SFC. Given the recent milestone in Hong Kong spot ETFs, LSQ Capital is expecting to launch a Hong Kong ETF-linked fund of funds in the near term for qualified investors to meet the increasing market demand.
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Contact
Yiwei Wang
info@metalpha.finance