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In August 2025, Mango Financial has comprehensively launched its digital asset business, integrating cryptocurrency elements into its core operations. Its US$100 million open-ended fund, the "Mango Financial OFC Mango Global Strategy Fund," has been approved by the Hong Kong Securities and Futures Commission (SFC). This move marks Mango Financial's official entry into the virtual asset sector.
Mango Financial Launches Full-Scale Digital Asset Business On July 17, 2025, Mango Financial applied to the Hong Kong SFC to upgrade its existing Type 1 (dealing in securities), Type 4 (advising on securities), and Type 9 (asset management) licenses to cover virtual asset activities. A Trust or Company Service Provider (TCSP) license for serving virtual assets is also expected to be approved soon.
Mango Financial has formally signed a strategic cooperation agreement with the Hong Kong Blockchain Association, and the Association's Executive Chairman, Tony Tong, will lead Mango Financial's digital asset business division. Concurrently, Mango Financial will collaborate with professional institutions related to digital assets, committed to building a secure, compliant, and internationally-oriented digital asset operational framework.
US$100 Million Open-Ended Fund Established Mango Financial's traditional funds currently manage approximately HK$1 billion in assets. Its international private banking partners include BNP Paribas, Julius Baer, and Bank of Singapore, among others.
In 2025, Mango Financial will establish two new open-ended US dollar funds. The US$100 million "Mango Financial OFC Mango Global Strategy Fund" was approved for issuance by the Hong Kong SFC on August 6 and has officially commenced fundraising. Its primary investment focus is global virtual currency assets. Mango Financial's total assets under management are projected to exceed HK$2 billion in 2025.
The Hong Kong Blockchain Association (HKBA), founded in 2017, is an open, autonomous, and equal decentralized organization (DAO). Through learning, exchange, and promotion of blockchain technology and its applications, the Association is committed to becoming a bridging platform connecting Greater China and the Web3/metaverse world, and to establishing Hong Kong as a new-era AI + Blockchain fintech hub.
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