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- HashKey cleared the Hong Kong Stock Exchange listing hearing.
- The company strengthens its lead in Asia’s digital asset sector.
- It expands through trading, on-chain services, and asset management.
According to the disclosure released on December 1, HashKey Holdings passed the Hong Kong Stock Exchange listing hearing. JPMorgan Chase, Guotai Haitong Securities, and Guotai Junan International act as joint sponsors. The approval marks a crucial step for the company as it seeks broader global access.
HashKey now holds a strong position in Asia. It runs a licensed digital asset platform that supports trading, on-chain services, and asset management. The company also issues and circulates tokenized real-world assets.
Its HashKey Chain offers a scalable Layer-2 network to assist large-scale on-chain migrations. Frost & Sullivan ranks the company as the largest onshore trading platform in Asia in 2024. It also leads regional staking and digital asset management activity.
HashKey Leads Asia in Staking and Tokenized Assets
HashKey built a complete digital asset ecosystem. It serves retail users, institutions, and partners across the blockchain sector. The platform supports 80 tokens as of September 2025. These include major Layer-1 assets, DeFi tokens, stablecoins, and new ecosystem projects.
The company earns most of its revenue from transaction facilitation, on-chain services, and asset management. Its Hong Kong platform offers trading in major cryptocurrencies such as BTC, ETH, USDT, USDC, SOL, and more. Its Bermuda platform covers 72 categories. Both platforms support only cryptocurrencies.
Clients gain licensed access, strong security, and direct links to custody, OTC, and tokenization services. HashKey stands among the few firms offering fully compliant deposits and withdrawals around the clock. Its cumulative spot trading volume reached HK$1.3 trillion by September 2025.
The OTC division serves large or customized transactions. It offers greater confidentiality and smooth settlement through direct custody integration. HashKey earns net commission income from spreads on OTC quotes. The company holds HK$29 billion in staked assets and HK$1.7 billion in tokenized real-world assets on HashKey Chain. This makes the firm the largest staking service provider in Asia.
HashKey Holds Solid Cash and Digital Asset Reserves
HashKey manages HK$7.8 billion in assets across venture capital and secondary market funds. Its investment arm reports strong historical returns and more than 400 completed deals. The company also ranks as Asia’s largest licensed digital asset manager.
Revenue reached HK$721 million in 2024, driven by rising trading activity. Trading volume surged from HK$4.2 billion in 2022 to HK$638.4 billion in 2024. The firm held HK$1.657 billion in cash and HK$592 million in digital assets by August 2025.
After the IPO, controlling shareholders will include Mr. Lu, GDZ International, HashKey Fintech III, and Puxing Energy. The company plans to invest the proceeds in technology upgrades, market expansion, ecosystem development, risk management, and general operations.
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