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Hong Kong virtual asset hedging fund management company Fore Elite Capital has launched its first flagship digital asset fund.
According to Techub News, Fore Elite Capital, the only virtual asset hedging fund management company in Hong Kong that has received three regulatory approvals from the Hong Kong Securities and Futures Commission (SFC), announced the initial opening of its flagship digital asset fund to external investors, but only to selected professional investors.
Fore Elite Capital began applying for a virtual asset management license from the Hong Kong Securities and Futures Commission in 2019 and received formal approval in January 2022. Shortly thereafter, the company launched its first regulated virtual asset fund and achieved its second capital increase in February 2023.