Huobi Subsidiary Receives Important Licenses From Japanese Regulator
According to a report dated August 3, 2020, the SFC of Japan has granted valuable asset advisory and asset management licenses to the Huobi Asset Management company.
Huobi continues its offensive in all directions
Just 4 months after the internal token of the Huobi Token (HT) platform hit the history books as the first officially sanctioned by the Japan Financial Services Agency, but Huobi surprises with new achievements.
Huobi Asset Management, a subsidiary of Huobi Global, has announced two approvals from the Japanese Securities and Futures Commission (SFC). The firm will now be able to provide advisory services to clients on issues related to securities, as well as provide asset management services to institutional investors.
Business for the benefit of the entire industry
Huobi Tech CEO Elaria San is confident that the new licenses will help the company bring the cryptocurrency space closer to the traditional financial system:
“The Asset Management Arm is manned by a team of investment experts with extensive traditional securities investment experience and massive deep knowledge in blockchain and the crypto industry. As a fully compliant trusted platform, we are optimistic that the firm could further bridge the gap between traditional and digital asset class investments and provide our professional investors with integrated solutions.”
Cryptocurrency exchange Huobi pays significant attention to the development of the entire cryptocurrency industry. This spring, the company partnered with the Cred platform to bring crypto lending to Huobi Wallet users.