HashKey | Crypto

Hashkey joined the DTCC’s working group on tokenization innovation as the first Asian crypto service provider to join with over 100 financial institutions, including Goldman Sachs and JPMorgan. Hashkey joined the Depository Trust & Clearing Corporation’s (DTCC) Digital Assets Advisory Services Industry Working Group as its first Asian digital asset service provider.  Hashkey joins over 100 other global financial institutions and asset managers to help define how tokenized assets are issued, settled and safeguarded at an institutional scale. Other participants include JPMorgan Chase, Goldman Sachs, Nasdaq and the New York Stock Exchange (NYSE), the company revealed in a Wednesday announcement. DTCC is a core post-trade infrastructure provider in traditional financial markets. Its working group was formed to connect traditional finance with decentralized finance (DeFi) infrastructure. DTCC plans to launch access to tokenized securities in October, in conjunction with the working group. DTCC custodies $114 trill...

HashKey has become an authorized distributor for Anchorpoint’s HKDAP, expanding institutional access as Hong Kong’s regulated stablecoin market takes shape. Anchorpoint Financial, a Hong Kong-licensed stablecoin issuer, has added HashKey Exchange as an authorized distributor for its Hong Kong dollar stablecoin, HKDAP, potentially expanding access to the fiat-backed asset as Hong Kong’s regulated stablecoin market takes shape. The companies announced on Tuesday that the arrangement is part of a beta rollout allowing eligible institutions and professional investors to access the stablecoin through HashKey and other supported channels. HashKey said it has already completed its first HKDAP minting and redemption transaction with eligible clients, including fiat on- and off-ramping. The companies said they plan to expand distribution over time and explore additional uses for HKDAP, including cross-border payments, settlement and tokenized finance. Read more

HashKey Exchange said it received approval to open client money accounts with JPMorgan, weeks after it launched customer fund accounts with DBS Bank. Hong Kong-licensed cryptocurrency exchange HashKey Exchange received approval from JPMorgan Chase to open a client money account, its parent company said Monday. The account will support client fund segregation and settlement through JPMorgan’s banking infrastructure, HashKey Holdings said in a press release. A week earlier, HashKey Holdings combined the previously separate HashKey Exchange and HashKey Global applications into a single portal. Read more

Hong Kong’s HashKey will unify its crypto exchange branches, with users from its Hong Kong, Global, Singapore and Middle East regions using the same platform. Hong Kong digital asset services business HashKey Holdings has merged its HashKey Exchange and HashKey Global exchanges into a single platform and application. Core jurisdictional hubs including Hong Kong, Singapore, the Middle East (Dubai) and Bermuda have been merged under a single platform, according to a Monday announcement. The move represents a departure from the early stages of the virtual asset industry when licensed exchanges typically operated under regional siloed models to simplify compliance. HashKey said. The transition follows a principle of “unified entry, localized compliance” where all users download the same application while the platform manages compliance across their specific legislative domain — across the Hong Kong, Global, Singapore, or Middle East regions. Read more

OKX Ventures and HashKey are buying into VPBank-backed CAEX as Vietnam’s strict crypto pilot pushes offshore exchanges toward a challenging onshore licensing regime. CAEX, a crypto platform linked to the Vietnam Prosperity Joint Stock Commercial Bank (VPBank) ecosystem, said OKX Ventures and HashKey Capital are backing the company as it seeks to qualify for Vietnam’s pilot regime for crypto exchanges. CAEX said Friday that the two offshore companies will join VPBank Securities (VPBankS) and technology partner LynkiD as shareholders. According to a release shared with Cointelegraph, their investment is intended to help CAEX reach Vietnam’s minimum charter capital threshold of 10 trillion dong (about $380 million), a key condition for participating in the pilot program. Read more

HashKey Capital has raised $250 million in commitments for the first close of its fourth crypto fund amid continued institutional demand despite volatile market conditions. HashKey Capital secured $250 million in commitments in the first close of its fourth crypto-focused fund amid “significant interest” from institutional investors despite shifting market conditions. The fund, known as “HashKey Fintech Multi-Strategy Fund IV,” exceeded initial expectations at its first close and is targeting a final size of $500 million, the company said in a news release on Wednesday. HashKey did not identify its investors, but said the commitments came from a mix of global institutional investors, family offices and high-net-worth individuals. Read more

HashKey opens IPO subscriptions as it seeks to raise $214.7 million, valuing Hong Kong’s biggest crypto exchange at about $2.5 billion. HashKey Group, operator of one of Hong Kong’s licensed crypto exchanges, has opened subscriptions for its initial public offering (IPO) ahead of an expected listing next week. HashKey is seeking to raise up to 1.67 billion Hong Kong dollars ($214.7 million) in an IPO that is scheduled to debut on Dec. 17, according to a prospectus filed with the Hong Kong Stock Exchange (HKEX) on Tuesday. The company is offering 240.6 million shares at $0.76–$0.89 each, which would bring HashKey’s valuation to $2.46 billion at the top of the range. Read more

HKEX published a post-hearing information pack for HashKey Holdings, pushing Hong Kong’s top crypto exchange closer to a high-profile IPO. HashKey Holdings, the parent company of one of Hong Kong’s biggest licensed crypto exchanges, moved a step closer to a public listing, according to new filings from the Hong Kong Stock Exchange (HKEX). On Monday, the HKEX published a 633-page post-hearing information pack for HashKey Holdings. The document was published at the request of The Stock Exchange of Hong Kong Limited and the local financial regulator, the Securities and Futures Commission (SFC). A post-hearing information pack is only published after HKEX’s listing committee formally clears an applicant at the listing hearing. In other words, without explicitly stating it, this document indicates that HashKey has moved closer to listing on the exchange and is progressing toward its initial public offering (IPO). Read more

The launch follows Nasdaq’s call for tighter scrutiny of corporate crypto holdings, which HashKey framed as a test for the industry. Hong Kong-based HashKey Group said it launched a $500 million investment fund targeting digital asset treasuries (DATs), initially focusing on exposure to Bitcoin and Ether's price performance. The fund is structured as a perpetual, institutional-only vehicle allowing regular subscriptions and redemptions, similar to an open-ended crypto hedge fund, HashKey said in a statement. Unlike a passive exchange-traded fund (ETF), HashKey’s fund is designed to invest in projects and companies deploying DAT strategies. The launch comes after Nasdaq announced enhanced scrutiny of listed companies’ crypto holdings on Thursday, a move HashKey framed as signaling a “survival of the fittest” stage for the industry. Read more