LFMC

ChainUp’s Subsidiary Bedrock Trust Launches Decentralized Data Storage Fund

Retrieved on: 
Monday, November 28, 2022
NFT, InterPlanetary File System, FVM, Fund, LFMC, Ecosystem, Money, Monetary Authority of Singapore, The Funding Portal, Cryptocurrency, Filecoin, Web3

The Fund will provide accredited investors an opportunity to venture into the Web3 space and invest in decentralized storage solutions via a licensed fund manager.

Key Points: 
  • The Fund will provide accredited investors an opportunity to venture into the Web3 space and invest in decentralized storage solutions via a licensed fund manager.
  • ChainUp Group, a global blockchain technology solutions provider, announced the launch of the IPFS Infrastructure Flagship Fund I (the Fund) by its subsidiary Bedrock Trust Pte Ltd (Bedrock Trust), a Singapore-based and licensed asset and wealth management firm.
  • Bedrock Trust will be the manager of the Fund, which enables accredited investors to participate in the Interplanetary File System (IPFS), a protocol for decentralized storage, and its complementary protocol, Filecoin.
  • Investors in the Fund will gain access to investment opportunities in Filecoin via Bedrock Trust, a Licensed Fund Management Company (LFMC) regulated by the Monetary Authority of Singapore.

HashKey Capital Singapore Secures In-Principle Approval for the Capital Markets Services License from the Monetary Authority of Singapore

Retrieved on: 
Friday, November 4, 2022
Ethereum, Web 2.0, Ministry of Manpower (Singapore), Ministry, Securities and Futures Commission, LFMC, SFC, NFT, CEO, Employment, EDB, Monetary Authority of Singapore, Tech, MOM, Enterprise Singapore, CMS, The Singapore Economic Review, Money, Investment, Security (finance), MAS, Singapore FinTech Festival, Renewable energy, Metaverse

("HashKey Capital Singapore", and together with its affiliates, the "HashKey Group") announced at Singapore Fintech Festival 2022 that it has received its in-principle approval for the Capital Markets Services ("CMS") license from the Monetary Authority of Singapore ("MAS") as a licensed fund management company (LFMC).

Key Points: 
  • ("HashKey Capital Singapore", and together with its affiliates, the "HashKey Group") announced at Singapore Fintech Festival 2022 that it has received its in-principle approval for the Capital Markets Services ("CMS") license from the Monetary Authority of Singapore ("MAS") as a licensed fund management company (LFMC).
  • When granted, the CMS license will allow HashKey Capital Singapore to conduct fund management services from Singapore.
  • HashKey Capital Singapore, part of HashKey Capital, prides itself as a company which takes the next step in bringing digital assets closer to mainstream institutional adoption.
  • "Once the CMS licenseis granted, HashKey Capital will be able to offer its services to institutional and accredited investors.