How HashKey plans to become Hong Kong’s first crypto IPO

HashKey’s IPO bid puts Hong Kong’s virtual asset regime on display, testing whether compliance-first crypto platforms can win investors.

HashKey is aiming to become Hong Kong’s first fully crypto-native IPO by listing 240.57 million shares under the city’s virtual asset regulatory regime.

The business extends beyond a spot exchange by combining trading, custody, institutional staking, asset management and tokenization into a single regulated platform.

Revenue is growing, but the company is still incurring losses as it invests heavily in technology, compliance and market expansion.

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