SINGAPORE, April 29,
2024 /PRNewswire/ -- MetaComp Pte Ltd, a leading
Monetary Authority of Singapore
(MAS) licensed Singapore fintech
company that specializes in blockchain technology and digital
assets, and its affiliates (collectively
referred as MetaComp), is proud to announce a strategic
partnership with Harvest Global Investments Limited (HGI), a
leading asset management company licensed with the Securities and
Futures Commission of Hong Kong.
HGI is among the pioneering Chinese asset management firms
to establish subsidiaries abroad.
The Memorandum of Understanding executed between MetaComp and HGI
marks a significant step towards potentially broadening the
accessibility of innovative financial products globally with
special emphasis on the recently announced
cryptocurrency spot ETFs which will be expected to start trading on
the Hong Kong Stock Exchange from 30 April
2024 onwards. This follows the announcement
by HGI that they have received authorization from Hong Kong's Securities and Futures Commission
to launch the highly anticipated cryptocurrency
ETFs.
The core of the partnership revolves around
MetaComp and its affiliates' commitment to
make HGI's cryptocurrency spot ETFs available, through
MetaComp's proprietary Client Assets Management Platform, also
known as CAMP by MetaComp, utilizing its technological and market
expertise to introduce these products
under the appropriate regulatory framework to Singapore investors and beyond. This
initiative not only aims to expand the global footprint of HGI's
ETFs but also allows MetaComp and its affiliate to enrich its
wealth solution portfolio with highly sought-after financial
products.
In addition to the crypto-ETF
distribution, the collaboration will also explore opportunities for
the integration of HGI's various asset management solutions into
MetaComp's service offerings. MetaComp will also provide HGI access to its Digital Payment Token
suite of services. Through the strategic collaborative efforts by
both companies, they are hoping to forge a symbiotic relationship
that will allow both companies to leverage
on their strengths.
The alignment with HGI allows MetaComp to tap into the scale and
expertise of a leading global financial player, significantly
enhancing its service capabilities and market reach. This
partnership is designed to serve not just the existing clientele of
both entities but also to capture new segments eager for advanced
financial solutions across traditional finance and
crypto finance.
Dr Bo Bai, Chairman and
Co-Founder of MetaComp shared: "This strategic alliance with
Harvest Global Investments Limited reaffirms MetaComp's commitment
to being the bridge that links traditional finance with
crypto finance. We are confident that our partnership
with Harvest Global Investments Limited will prove to be mutually
beneficial. With Harvest's expertise in asset management and
MetaComp's robust capabilities in providing a comprehensive suite
of digital payment solutions, we are poised to deliver unparalleled
value to our clients and the market."
For more detailed information on this partnership and to stay
updated on future developments, please visit www.mce.sg.
About MetaComp Pte Ltd (www.mce.sg)
MetaComp is a leading Singapore-based digital asset platform that is
licensed and regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act
2019. Operating under a P2B2C (platform-to-business,
partners-to-clients) model, MetaComp provides an integrated
end-to-end suite of services to its clients, empowering them to
confidently enter the digital asset market with the much-needed
safety, security, and compliance. Together with its parent company,
Metaverse Green Exchange Pte. Ltd. (a MAS-licensed CMS holder
permitted to carry out, inter alia, brokerage and custody
services), MetaComp introduces its suite of services through CAMP
by MetaComp, a regulated Client Assets Management Platform,
allowing businesses to develop and scale their digital asset
offerings through OTC and exchange trading services, fiat payment,
digital asset custody and prime brokerage.
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SOURCE MetaComp Pte Ltd