UBS Gives Customers Net entry to to Crypto ETFs in Hong Kong: Document
Swiss bank UBS is now allowing effectively off clients to gain exposure to three crypto-linked alternate-traded funds (ETFs) on its platform in Hong Kong, in maintaining with a Bloomberg file on Friday.
The records comes as Hong Kong objectives to set aside itself as a digital asset hub, bringing a popular breeze of original monetary offerings to the affirm.
The three ETFs in inquire of are the Samsung Bitcoin Futures Lively, the CSOP Bitcoin Futures and the CSOP Ether Futures ETFs. The funds occupy a mixed entire of about $72 million in assets and are licensed by the Hong Kong securities regulator – Securities and Futures Rate (SFC).
The Hong Kong department of HSBC started offering its clients gain admission to to the same three ETFs in June. In August, Hong Kong formally started offering licenses to crypto exchanges that wished to present retail trading companies. HashKey Alternate and OSL Digital Securities won the major two licenses.
UBS isn’t the ultimate Swiss bank making strikes in Hong Kong. On Wednesday, the Hong Kong affiliate of SEBA Bank AG offered it had obtained an SFC license to deal in and distribute all securities, in conjunction with virtual asset products.
Source credit : unchainedcrypto.com