TechFlow reports that the Hong Kong Securities and Futures Commission (SFC) has released its November update on newly licensed individuals and registered institutions, showing that C Capital Investment Management Limited, a fund under Hong Kong real estate tycoon Adrian Cheng, has obtained SFC Type 4 and Type 9 licenses. The Type 4 license permits advising on securities, while the Type 9 license authorizes asset management. According to previous Golden Finance reports, in August 2022, Adrian Cheng disclosed ownership of 101 Azuki-series NFTs. In September 2022, Bloomberg reported that C Capital planned to raise $500 million within 18 months to invest in blockchain assets, credit, and private equity, betting on private companies and digital assets. Ben Cheng, co-founder of C Capital, previously stated that their hedge fund strategy primarily focuses on cryptocurrency trading.
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