The Huobi Trust, which administers more than $1 billion in digital assets, demonstrates the growing interest in digital asset custody in Hong Kong.
Huobi Trust Hong Kong, which was granted a trusted company license in Hong Kong in April of this year, has reached a significant milestone.
The amount of assets under custody, which surpassed $1 billion at the end of August, represents this milestone.
A spokesman from Huobi Trust Hong Kong said:
The seamless 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 high-quality virtual asset services for different business needs and scenarios. As a result, we aim to become the world’s leading virtual asset trust and custodian service provider.
Huobi Trust Hong Kong has been granted a Company Service Provider (TCSP) license, requiring it to follow Hong Kong rules as well as AML/CTF criteria.
Huobi Trust Hong Kong’s ability to meet even the most stringent regulatory criteria allows its clients to provide fully safe and risk-isolated digital asset custody.
According to the official report, clients include digital banks, market makers, licensed lenders, virtual asset exchanges, and hedge funds.