{"id":1060,"date":"2018-11-29T14:21:47","date_gmt":"2018-11-29T14:21:47","guid":{"rendered":"https:\/\/icoholder.com\/blog\/?p=1060"},"modified":"2025-06-10T13:50:34","modified_gmt":"2025-06-10T13:50:34","slug":"invault-hong-kong-launch-crypto-custody-services-approved","status":"publish","type":"post","link":"https:\/\/icoholder.com\/blog\/invault-hong-kong-launch-crypto-custody-services-approved\/","title":{"rendered":"InVault Hong Kong Launch: Crypto Custody Services Approved"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/icoholder.com\/blog\/invault-hong-kong-launch-crypto-custody-services-approved\/#InVault_Expands_in_Hong_Kong\" >InVault Expands in Hong Kong<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/icoholder.com\/blog\/invault-hong-kong-launch-crypto-custody-services-approved\/#In_conclusion\" >In conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<p class=\"whitespace-normal break-words\">Every cryptocurrency company worth its salt prioritizes two key goals: transparency and absolute security. InVault, a Shanghai-based cryptocurrency startup, appears ready to meet these critical concerns. The company has announced plans to launch cryptocurrency custodian services in Hong Kong. This represents a significant step forward for the startup.<\/p>\n<p class=\"whitespace-normal break-words\">InVault&#8217;s decision to open a Hong Kong office is strategically sound. The startup will benefit from new rules set by the country&#8217;s financial regulator. Earlier this month, Hong Kong&#8217;s Securities and Financial Commission (SFC) issued new cryptocurrency licensing requirements. These rules make insurance mandatory for all exchanges and fund managers operating in the country. They must now insure their digital assets.<\/p>\n<p class=\"whitespace-normal break-words\">According to the SFC, insurance policies must provide specific coverage levels. Full coverage is required for virtual assets held in hot storage. Substantial coverage is needed for assets in cold storage. The organization recommends 95% coverage for cold storage assets.<\/p>\n<h3 data-pm-slice=\"1 1 []\"><span class=\"ez-toc-section\" id=\"InVault_Expands_in_Hong_Kong\"><\/span>InVault Expands in Hong Kong<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In mainland China, InVault has arrived at one million Ethereum already. Subsequently, the company, which has obtained a new trust license from the Financial Commission, will open its doors to the public from December. The startup is already predicting that it \u201cmay expand its reach across the region\u201d because it is fully compliant with the regulations given by the SFC. Thanks to the new license, InVault now has the ability to offer Hong Kong its custodian services within the ambit of the law.<\/p>\n<p>InVault has no plans to stop at just offering custodian services, however. Founder and Chief Executive Officer of the firm, Kenneth Xu, believes that the company can also offer a \u201cregulated conduit\u201d among traditional financial institutions and cryptocurrency-related companies.<\/p>\n<p>Xu also disclosed that he is currently holding talks with \u201ctwo mid-sized insurers\u201d for the provision of coverage, which the startup plans to include in its custody services. He also elaborated on the risk factor facing insurers.<\/p>\n<p>\u201cThe biggest challenge for insurers today is how to accurately measure the risk profile of a custodian, and its internal systems, to price the cryptocurrency insurance premium accordingly,\u201d Xu added.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"In_conclusion\"><\/span>In conclusion<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-pm-slice=\"1 1 []\"><a href=\"https:\/\/icoholder.com\/blog\/financial-inclusion-crypto-in-africa-blockchain-adoption-trends\/\">InVault<\/a>, a cryptocurrency startup based in Shanghai, is opening an office in Hong Kong. The company, which offers custodian services to cryptocurrency firms, has been licensed by the Hong Kong&#8217;s Securities Financial Commission (SFC) and will begin operations in December. This InVault Hong Kong launch demonstrates the startup&#8217;s commitment to regulatory compliance.<\/p>\n<p>To follow this story and many other developments, subscribe to the ICOholder\u2019s newsletter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every cryptocurrency company worth its salt prioritizes two key goals: transparency and absolute security. InVault, a Shanghai-based cryptocurrency startup, appears ready to meet these critical &hellip; <\/p>\n","protected":false},"author":8,"featured_media":8409,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-1060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>InVault Hong Kong Launch: Crypto Custody Services Approved<\/title>\n<meta name=\"description\" content=\"InVault Hong Kong launch brings regulated crypto custody services to Asia with SFC license approval starting December - IcoHolder.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/icoholder.com\/blog\/invault-hong-kong-launch-crypto-custody-services-approved\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"InVault Hong Kong Launch: Crypto Custody Services Approved\" \/>\n<meta property=\"og:description\" content=\"InVault Hong Kong launch brings regulated crypto custody services to Asia with SFC license approval starting December - 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