Westinghouse Licensing Corporation

Fore Elite Capital Management Limited approved to issue 100% virtual asset funds

Retrieved on: 
Thursday, March 3, 2022

HONG KONG, March 2, 2022 /PRNewswire/ -- Fore Elite Capital Management Limited ("Fore Elite") gladly announced that it has successfully obtained the approval of the Hong Kong Securities and Futures Commission (the "SFC") on January 18, 2022, which allows Fore Elite to manage and distribute 100% virtual asset funds under the SFC's "Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets" ("T&C").

Key Points: 
  • HONG KONG, March 2, 2022 /PRNewswire/ -- Fore Elite Capital Management Limited ("Fore Elite") gladly announced that it has successfully obtained the approval of the Hong Kong Securities and Futures Commission (the "SFC") on January 18, 2022, which allows Fore Elite to manage and distribute 100% virtual asset funds under the SFC's "Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets" ("T&C").
  • It makes Fore Elite the fourth virtual asset management company approved by the Hong Kong SFC.
  • The company is also one of the few approved to issue multi-strategy virtual asset funds in Asia.
  • Meanwhile, Fore Elite (February 28, 2022) closed 100 million USD seed funding from the Founder and CEO of Fore Elite, Mr Ejoe Ye and Huobi Group.