MaiCapital, the investee company of Wealthking, receives approval to manage funds with 100% Virtual Asset
(13 April, 2022, Hong Kong) On 12 April, 2022, MaiCapital Limited (“MaiCapital”), an investee company of Wealthink AI-Innovation Capital Limited (“Wealthking” or the “Company”, stock code: 1140.HK) announced that it had secured approval from the Hong Kong Securities and Futures Commission (the "SFC") to manage portfolios that may comprise up to 100% of virtual assets and is subject to the SFC's "Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets" ("T&C").
MaiCapital is Hong Kong SFC-licensed blockchain and virtual assets manager, it has been operating two actively managed blockchain-themed hedge funds since securing its licenses from the SFC to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities in 2018. These two funds have achieved more than 20 times growth in total AUM since 2019 by employing a number of proprietary trading strategies and utilizing a range of crypto-related investment instruments to bring about enhanced investment returns whilst complying with relevant regulatory requirements. The latest approval from the SFC will allow MaiCapital to deploy its award-winning investment strategies in the cryptocurrency markets with greater flexibility and to significantly augment its offering to investors.
MaiCapital’s flagship hedge fund, the Blockchain Opportunity Fund, is the first virtual asset-themed fund managed by a SFC-licensed manager to garner more than 3 years of track record. The Blockchain Opportunity Fund has consistently provided investors with superior, risk-adjusted returns year over year and it was ranked by Preqin amongst the Top 3 hedge funds across all of Asia. MaiCapital’s second fund, the Bitcoin+ Fund, is equally unique in the industry as it employs quantitative strategies seeking to not only track, but also to outperform, Bitcoin in various market conditions.
As a new investor and shareholder of the MaiCapital, Wealthking will bring a wealth of expertise and support from the world of traditional finance to this pioneering crypto native financial institution. Chairman of Wealthking Liu Zhiwei, said, “as a pioneer in bringing proven financial practices and compliant operations to the world of virtual asset investments, MaiCapital is perfectly built to bridge institutional investors into this exciting new asset class. With the extended approval from SFC, MaiCapital is on an even greater trajectory to bring more innovative investment products and services to professional and institutional investors. Wealthking firmly believes in the development potential of Blockchain technology plus digital economy and has invested heavily in these areas for the past few years. The next step will be to optimally utilize our strengths to help MaiCapital reach greater heights.”
About MaiCapital Limited
MaiCapital Limited is a leading alternative investment manager in Hong Kong and is a pioneer in applying institutional investment practices to the innovative cryptocurrency space. Co-founded in 2018 by Stanford alumni and long-time finance and technology professionals, Benedict Ho and Michael Wong respectively, the firm aims to offer crypto-inclined investors with legitimate and compliant products that provide positive returns with maximum protection. For more information, visit: https://www.maicapital.io
About Wealthink AI-Innovation Capital Limited (1140.HK)
Wealthink AI-Innovation Capital Limited (1140.HK), listed on the main board of the Stock Exchange of Hong Kong Limited, is a cross-border and cross-sector investment company with strong capability of investment, financing, and industry consolidation holding its portfolio covering listed and unlisted companies in multiple sectors. Wealthking Investment builds its cross-cycle portfolio flexibly based on different holding periods and strategies, including core-holding-centered private equity, portfolio management, and trading, and others, striving to create diversified and steady returns for shareholders.
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