"Hong Kong's first listed crypto asset company is here! HashKey has passed the Hong Kong Stock Exchange's listing hearing, becoming Hong Kong's largest licensed virtual asset exchange."

HashKey is a leading integrated digital asset services group in Asia, operating globally and providing end-to-end financial infrastructure covering trading facilitation, on-chain services, and asset management.

According to Frost & Sullivan data, based on 2024 trading volume, HashKey is the largest regional onshore digital asset platform in Asia.

Furthermore, the company is also the largest on-chain service provider (by staked asset size) and digital asset management institution (by assets under management) in Asia.

The company's products fully support the needs of both retail and institutional clients. As of September 30, 2025, the platform supports 80 digital assets, including mainstream Layer-1 assets, DeFi tokens, stablecoins, and emerging ecosystem projects.

In August 2023, HashKey became one of the first VATPs in Hong Kong approved to serve both retail and professional investors, and as of the same period, it had facilitated cumulative spot trading volume of HK$1.3 trillion.

In terms of on-chain services, HashKey provides institutional-grade staking, tokenization, and blockchain development services. As of September 30, 2025, the size of staked assets reached HK$29 billion, and the total value of its self-developed HashKey on-chain real-world assets reached HK$1.7 billion, making the company the largest staking service provider in Asia and the eighth largest globally.

In asset management, the company provides institutional clients with digital asset investment opportunities through venture capital and secondary market funds. As of September 30, 2025, assets under management totaled HK$7.8 billion, and it has completed over 400 investments through two flagship funds, with investment returns exceeding the industry average.

In terms of financial performance, the company's revenue increased from HK$129 million in 2022 to HK$721 million in 2024, mainly due to the rapid expansion of trading facilitation services. Revenue in the first half of 2025 was HK$284 million, a year-on-year decrease. The company is currently still in its investment phase and recorded continuous losses from 2022 to 2024.

The proceeds from this Hong Kong IPO will be primarily used for technology and infrastructure upgrades, market expansion and ecosystem cooperation, operations and risk management, and general corporate purposes.