Bosera HashKey ETFs break AUM records in Hong Kong while Coinbase and Greengage partner to support SMEs with blockchain-based financing solutions, marking advancements in virtual assets and financial technology.
Hong Kong’s Double Milestone in Virtual Asset ETFs
Hong Kong, July 5, 2024 — The Bosera HashKey Virtual Asset ETFs, managed by Bosera International and HashKey Group, have achieved a significant milestone with their total assets under management (AUM) surpassing US$110 million. This includes the Bosera HashKey Ether ETF (3009.HK) maintaining over 6,000 ETH and the Bosera HashKey Bitcoin ETF (3008.HK) exceeding US$90 million in AUM. These funds have cemented their position as leaders in Asia’s virtual asset ETF market.
Founded in 2015, HashKey has been a pioneer in the global blockchain and crypto ecosystems. Noteworthy achievements include funding the Ethereum Foundation early on and launching various blockchain projects. In 2022, HashKey Capital successfully raised a US$500 million venture capital fund, further strengthening its role in Web3 and global blockchain advancements. Compliance has been a cornerstone of HashKey’s operations, exemplified by licenses obtained in Hong Kong and Singapore.
The collaboration between Bosera HashKey ETFs and Bosera International enables traditional investors to access virtual assets through structured investment products listed on the Hong Kong Stock Exchange (HKEX). Additionally, HashKey Exchange supports trade execution and liquidity, backed by regulatory guidance from HKEX and the Securities and Futures Commission (SFC).
Looking ahead, HashKey Capital aims to continue fostering financial innovation within the Web3 ecosystem.
Coinbase and Greengage Collaborate on SME Financing
London, July 5, 2024 — Coinsilium Group Limited has announced that its portfolio company Greengage Global Holding is collaborating with Coinbase to originate SME debt on the Coinbase Diamond Protocol. This partnership leverages blockchain technology to enhance access to capital for small and medium enterprises (SMEs).
According to Greengage CEO Sean Kiernan, the initiative aims to provide efficient and transparent financing solutions, thereby driving growth and sustainability in the SME sector. The collaboration seeks to make the issuance and management of private capital more secure and accessible to a broader range of investors through digital debt.
Coinsilium holds 27,133 A shares in Greengage and 8,370 warrants. The carrying value of this investment as of December 31, 2023, was £652,537.
Coinsilium’s focus remains on investing in and accelerating Web3 and AI-powered technology startups, supporting their development and commercialization.
Both announcements signify ongoing innovations in the financial technology landscape, buoyed by strategic investments and regulatory advancements.
