Aegis Custody, a California-based digital financial service provider backed by Chinese investment firm Fosun International, has announced it's been granted a trading licence as Hong Kong's first digital asset custodian.
Serra Wei, Aegis Custody's founder and chief executive officer, said in a statement: "Through our Hong Kong business, we will be able to service clients interested in the new digital asset economy on a global scale, while we continue our licence application as a qualified custodian in the United States."
In November last year, Hong Kong's Securities and Futures Commission (SFC) set out a new regulatory approach for digital assets, seeking to better protect investors and encourage more innovation in the naiscent sector.
Through our Hong Kong business, we will be able to service clients interested in the new digital asset economy on a global scale"
Aegis Custody says more than $2bn of assets have been lost to internal theft, cybersecurity attacks and human error internationally over the past five years.
Founded in 2018, Aegis Custody is headquartered in San Francisco.
The firm concentrates on catering to a wide range of portfolios, from asset managers, family offices, and financial institutions to third-party trusts, exchanges, and asset-based token issuers.
The company says it provides digital asset custody solutions that are flexible and institution-grade so that digital asset investments become simpler for institutions.