Secures investment from Wealthking Investment to further explore market opportunities and grow investor base
Hong Kong – 12 April, 2022 – Hong Kong SFC-licensed blockchain and virtual assets manager, MaiCapital Limited (SFC CE#: BMC948), is pleased to announce that it has 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 also pleased to welcome Wealthking Investment (SEHK: 1140.HK, formerly OP Financial Limited) as a new investor and shareholder of the MaiCapital group. Wealthking brings a wealth of expertise and support from the world of traditional finance to this pioneering crypto native financial institution. Looking ahead, with the approval from the SFC and support from Wealthking, MaiCapital intends to further expand its offering of virtual asset fund products and regulated crypto services to investors worldwide and to grow its institutional business to a combined AUM of over US$200 million.
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.”
Since securing its licenses from the SFC to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities in 2018, MaiCapital has been operating two actively managed blockchain-themed hedge funds which 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 has been globally recognized. Notably, the Blockchain Opportunity Fund's 2021 return 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. Both funds only accept investments from institutions or qualified Professional Investors.
As a licensed manager in compliance with the T&Cs, MaiCapital only partners with regulated exchanges and custodians in the management of its blockchain-themed funds. These service providers include Coinbase, OSL, both a regulated custodian, as well as cryptocurrency futures contracts trading venues and counterparts that are regulated by the UK Financial Conduct Authority.
"Coinbase Institutional provides clients the scale and stability needed to successfully participate in the crypto economy," said Kayvon Pirestani, Head of APAC Institutional Sales of Coinbase. "It is so exciting to be working with MaiCapital and to provide access to our comprehensive suite of products and services including custody, prime brokerage, trading tools and analytics, and an enterprise infrastructure built on top of a robust security platform."
“MaiCapital has always prided itself in its ability to invest in the nascent cryptocurrency asset class with the highest compliance standards and an unyielding focus to protect the interests of investors,” said MaiCapital’s CEO, Benedict Ho. Behind MaiCapital’s legal and compliance support are the leading global law firm, Baker McKenzie, and Hong Kong regulatory compliance expert, Prosynergy Consulting Limited.
“Having worked with the MaiCapital team since 2018, I am thrilled to see their dedication and commitment recognized. MaiCapital’s Blockchain Opportunity Fund is, by some measure, the most complex virtual asset fund that an SFC licensed manager has received SFC approval to manage” said Joy Lam, Partner of Baker McKenzie.
“We are delighted to be able to work with MaiCapital throughout the process in obtaining the approval from the SFC to manage its portfolios of up to 100% in virtual assets. With a professional and focus team, they have demonstrated to the regulator that they are very capable of delivering complex products in accordance with rules and expectation of the regulator which will stand MaiCapital in good stead for its future expansion.” said Louie Lee, MD of Prosynergy Consulting Limited.
James Wong Hoffman Agency (Tel） 9300 2263 (Email）email@example.com
Our partner, Marco Lim, is excited to be participating in the debate-style conference held by our partner, OPIM, on Dec 15, 2021. The topic of the debate will be on Crypto and Institutional Participation in this exciting space. Come check us out!
Updated: Dec 3, 2021
In a year when the catering industry is busy adapting to the new normal, Wine.Luxe Magazine held the "Hong Kong Top 10 Wine Pairing Restaurant Awards 2021" today to recognize the efforts and persistence of local restaurants in food and wine pairing and to showcase the best-of-the-best among the wine and catering industry.
This year, Wine.Luxe Magazine is honored to have star beauty winemaker Bernice Liu; VP & Head of APAC sales at Yahoo Rico Chan; Enoteca Hong Kong Chief Executive Officer, Nick Chan; fashion designer and foodie William Tang; "Wine.Luxe" editor-in-chief Nelson Siu; Hong Kong Sommelier Association Chairman Nelson Chow; TV program host Cecelia Wong; International Catering consultant Adriano De Wing; star taster Peter Kwong and other celebrities to be the judges this year.
The participating restaurants are divided into two categories: Asian Cuisines Restaurants, and lnternational Restaurants. Judges visited the participating restaurants, observing and judging the restaurant's overall wine list design, the knowledge and service of the sommeliers, and the quality of the wine and cuisine. The 10 top-quality Asian restaurants and International restaurants were selected according to a rigorous scoring criteria. The final award winner were announced at the ceremony today, as to encourage those restaurants which worked tirelessly to create good food and good wine experiences.
Wine.Luxe Magazine today announced the collaboration with MaiCapital, an award-winning Hong Kong SFC-licensed asset manager that invests in the Blockchain space, to pursue its upcoming Blockchain initiatives. As a part of this partnership, MaiCapital is the sole sponsor for this event in the Blockchain technology arena and commissioned its sister company, MaiBlocks Technology, a Blockchain technology company, to create the world’s first Wine Pairing Restaurant Awards NFT (Non-fungible token). The winning restaurants will receive a unique NFT to be listed on the world’s largest NFT marketplace OpenSea. Each NFT is unique and indivisible, creating irrefutable proof of the award winner once the record is established on the Blockchain. With these properties, Blockchain and OpenSea are considered as a perfect platform to record and track international awards and qualifications for high-quality wines.
Wine.Luxe Magazine editor-in-chief, Nelson Siu comments on the partnership, “Wine.Luxe Magazine is proud to partner with MaiCapital to present the world’s first Wine Pairing Restaurants Awards through NFT. We aim to provide an international accredited restaurant awards to local catering industry, through the uniqueness and topicality of the NFT. In the meantime, to create a qualified platform for worldwide gourmand.”
Michael Wong, Co-Founder and Managing Partner of MaiCapital, said, “This marks a milestone in the wine and dining history with the issuance of the first ever Wine Pairing Restaurants Awards NFT. MaiCapital is proud to bring this unique way to recognize and record the best-of-the-best restaurants winners and a testament of the innovation of industry and the limitless potential of NFT and Blockchain.”
Hong Kong Top 10 Wine Pairing Restaurant 2021 Winning Restaurants
The professional judging panel selected the top ten wine pairing restaurants from more than hundreds of restaurants. Each of them will receive the NFT award co-created by Wine.Luxe and MaiCapital.
Hong Kong Top 10 Wine Pairing Restaurant Awards 2021
8 1/2 Otto Mezzo Bombana Restaurant, Cocktail Bar & Lounge - Lai Sun Dining
Arbor - Gourmet Dining Group
Caprice - Four Seasons
Écriture - Le Comptoir
ÉPURE - Gourmet Dining Group
Gaddi's - The Peninsula Hong Kong
Octavium - Octavo Group
Radical Chic Restaurant
Hong Kong Top 10 Wine Pairing Asian Restaurant Awards 2021
Man Wah - Mandarin Oriental, Hong Kong
MIÁN - Lubuds Group
Ming Court - Cordis, Hong Kong
One Harbour Road - Hyatt Hotels Corporation
T'ang Court - The Langham, Hong Kong
The Legacy House - Rosewood Hong Kong
Tin Lung Heen - The Ritz-Carlton, Hong Kong
Ying Jee Club
ZS Hospitality Group
For more details, you can find the press releases below: