Huobi Tech Leads New Direction of Virtual Asset Compliant Custody


HONG KONG, seven. 23, 2021 / PRNewswire / – Huobi Technology Holdings Limited (“Huobi Tech,” stock code: 1611.HK) is committed to becoming the leading one-stop virtual asset services platform and actively developing its trusted and trusted business services. custody provided by Huobi Trust Hong Kong and Huobi Trust US respectively. Huobi Trust Hong Kong is a trust company registered in Hong Kong, which provides compliant virtual asset custody services to clients. From the end of August 2021, the assets under custody by Huobi Trust Hong Kong exceeded US $ 1 billion.

Since the start of the year, the virtual assets represented by Bitcoin have sparked a wave of enthusiasm among investors. As the regulations on virtual assets set by different economies become more and more stringent, the legal and compliance issue of virtual assets has become the main concern of investors entering the crypto space. On the other hand, the numerous incidents of virtual asset hacking have raised concerns among investors about the security of virtual assets.

As one of the targeted business lines of Huobi Tech, Huobi Trust Hong Kong has been successfully registered as a trust company in Hong Kong to April 29, 2021, and is fully licensed by Hong Kong Trust and Company Service Provider (TCSP) (TCSP License No .: TC007494), as such, its day-to-day operations must strictly adhere to Hong Kong as well as AML / CFT requirements. Huobi Trust Hong Kong provides compliant virtual asset custody services to clients in need of compliant, secure and risk-insulated custody of their assets. Target customers include digital banks, market makers, approved lenders, virtual asset exchanges with hedge funds, and more. At the end of August 2021, the assets under custody by Huobi Trust Hong Kong exceeded US $ 1 billion.

A spokesperson for Huobi Trust Hong Kong said that “the transparent product design, comprehensive functional modules and strong support from the listed company enable Huobi Trust Hong Kong to provide clients with a full range of virtual asset services. high quality for different business needs and scenarios. . We aim to become the world’s leading provider of virtual asset trust and custody services. “

About Huobi Tech

Huobi Technology Holdings Limited (“Huobi Tech”, formerly known as “Pantronics Holdings Limited”, stock code: 1611) was november 2016. Mainly engaged in OEM and EMS manufacturing of electrical and electronic products, Huobi Tech is also actively developing the blockchain ecosystem and the virtual asset ecosystem. Huobi Tech Commits To Become The Leading One-Stop Virtual Asset Services Platform In Asia.

At the same time, Huobi Tech is applying for virtual asset licenses and financing in major markets around the world. So far, the respective subsidiaries of Huobi Tech have successfully obtained the approval to conduct SFC type 4 (securities advisory) and type 9 (asset management) regulated activities, the license of trust or corporate service provider (Hong Kong), the trust company license (Nevada United States) and saved as Hong Kong trust company.

SOURCE Huobi technology


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