MicroBit Capital Successfully Obtained Hong Kong SFC Type 4 & 9 Virtual Asset Management Licenses
MicroBit Capital Management Limited (“MicroBit Capital”) announced that they have successfully acquired licensing approval from Hong Kong Securities and Futures Commission to carry out Type 4 (advising on securities) and Type 9 (asset management) regulated activities on April 30th, 2024. MicroBit Capital is allowed to manage portfolios that invest up to 100% in virtual assets. They aim to become a pioneering flagship fund manager, developing investment strategies that generate high risk-adjusted returns with a strong reliance on the most advanced artificial intelligence technologies.
MicroBit Capital, based in Hong Kong, was founded in 2023. The company utilizes advanced AI technology to develop trading strategies that are intended to accurately predict market trends.
The team’s tech-driven approach has led to exponential growth since 2018, establishing them as innovators in the field. They have not only fueled their growth through advanced research but have also paved the way for their clients’ long-term success.
With an expanding team of about 30 exceptional portfolio managers, traders and AI engineers bringing expertise from globally renowned institutions such as Millenium, DeepMind, Cornell, Columbia, and Oxford, MicroBit Capital boasts a diverse skill set and depth of knowledge in each trade.
Dr. Seth Huang, serving as the CIO & Head of AI Strategies, possesses extensive experience in quantitative finance and algo fund management spanning around 15 years. With a distinguished academic background, including an MA and Ph.D. from Cornell University, His proprietary framework speeds up strategy development, helping the company boost portfolio performance.
Being in possession of broad expertise on technology and finance cumulatively exceeding 60 years, MicroBit Capital is making significant strides in redefining the virtual asset management landscape. As a growing industry leader, they are well-positioned to confidently and strategically navigate the future of the market due to their emphasis on accuracy and innovation as well as their track record of producing outstanding results.
MicroBit Capital, a trailblazer in virtual asset management, continues to redefine the industry with cutting-edge technology and a seasoned team. Their commitment to innovation and precision positions them for a future of growth and success. MicroBit Capital welcomes passionate individuals to join their pioneering journey in shaping the future of virtual asset management.