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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