Crypto exchange operator HashKey Holdings has cleared its Hong Kong listing hearing after an earlier confidential filing, paving the way for a deal that will test investor confidence in the digital asset sector amid evolving regulation.
The operator of Hong Kong’s biggest licensed crypto exchange did not disclose the size or the timing of its initial public offering (IPO) in a filing on Monday. It was reported in October that HashKey could raise as much as US$500 million in a listing this year.
Hong Kong has established regulatory regimes for exchanges, stablecoin issuers, dealing service providers and custodians, in moves that proactively regulate and develop the city as a digital asset hub.
HashKey, one of 11 licensed virtual asset trading platforms in Hong Kong, provides transaction facilitation, on-chain services and asset management. It has promoted its capability to issue and circulate tokenised real-world assets to acquire more businesses and partners.
