Overview

The HKMA issued in February a set of guidelines relating to the provision of Virtual Asset custodial services.
This one-hour course covers the specifics relating to Virtual Asset custody service, and the key aspects to ensure that digital assets held in custody are adequately safeguarded and that the risks involved are properly managed.

Objective

After this session, participants will understand the nature of Virtual Asset custody service, common risks and other factors needed to safeguard assets under in custody.

Content

• “Not your key, not your coin”
• Introduction to custody of Virtual Assets (definition, importance and custody model)
• Custody in traditional finance vs VA
• Role and obligations of VA custodial services providers
• Key technologies and infrastructure (e.g. wallet, multi-signature solutions, key management)
• Security challenges and practices
• Regulatory requirements regarding VA custodial services in Hong Kong

Who should attend

The webinar primarily targets all practitioners who would like to learn about virtual asset custody service.

Financial Incentive Scheme of the WAM Pilot Programme

This course has already been approved as an eligible course of the Financial Incentive Scheme for Professional Training (“the Scheme”) under the Pilot Programme to Enhance Talent Training for the Asset and Wealth Management Sector (“the Pilot Programme”). The Scheme aims to enhance the competency and professionalism of in-service practitioners within the asset and wealth management sector and to assist other practitioners within the financial services industry in acquiring the knowledge and skills required for entering the sector. Eligible applicants will be subsidised 80% of the course fees by the HKSAR Government upon satisfactory completion of the courses approved by Hong Kong Securities and Investment Institute, subject to a ceiling of HK$15,000. Hong Kong Securities and Investment Institute is appointed as the implementation agent of the Pilot Programme. Regarding the details of eligible criteria and application procedures, please refer to the dedicated web-site of the Pilot Programme (https://www.wamtalent.org.hk/).