HashKey Lists XAUt, Marking First Gold Token Trading on a Compliant Exchange in Hong Kong

marsbitPubblicato 2026-01-15Pubblicato ultima volta 2026-01-15

Introduzione

HashKey Exchange, the largest licensed digital asset exchange in Hong Kong and a subsidiary of HashKey Holdings Limited (3887.HK), has officially listed Tether Gold (XAUt). Professional investors can trade XAUt through its over-the-counter (OTC) Marketplace. This marks the first time a licensed exchange in Hong Kong offers compliant trading of gold tokens. Each XAUt token represents one troy ounce of a physical gold bar that meets the London Bullion Market Association (LBMA) delivery standard. By holding XAUt, users gain exposure to physical gold without the logistical challenges of storage and transfer. The introduction of XAUt allows professional investors to hedge against market volatility by allocating part of their portfolio to gold without leaving the HashKey platform. This move integrates traditional safe-haven assets into the digital asset ecosystem, providing a diversified and compliant investment option and bridging traditional and digital finance. Michelle Cheng, Director of HashKey Exchange, stated that the listing addresses inefficiencies in traditional gold allocation, enabling users to manage gold as easily as other digital assets. This is a concrete step toward improving the efficiency of real-world asset (RWA) circulation within a regulated digital environment.

HashKey Exchange, the largest* licensed digital asset trading platform in Hong Kong under listed company HashKey Holdings Limited (3887.HK), has officially listed Tether Gold (XAUt). Professional investors can trade it via the over-the-counter (OTC) bulk trading Marketplace interface. This move signifies the first compliant trading of gold, a traditional safe-haven asset, on a licensed exchange in Hong Kong.

Tether Gold (XAUt) is a gold-backed product issued by Tether, with each XAUt token representing one troy ounce of a gold bar that meets the delivery standards of the London Bullion Market Association (LBMA). By holding XAUt, users can own gold in the form of an on-chain digital token, eliminating the inconveniences associated with the delivery, storage, and transfer of physical gold.

During periods of market volatility, professional investors often need to allocate safe-haven assets to hedge risks. With the listing of XAUt on HashKey Exchange, investors can directly allocate their digital assets to gold through HashKey's OTC mechanism without switching platforms, facilitating asset allocation.

By introducing XAUt, HashKey Exchange has not only incorporated gold, a traditional safe-haven asset, into the digital asset trading ecosystem for the first time, providing investors with diversified and compliant asset allocation options, but it has also taken a key step in bridging traditional finance and digital finance.

Michelle Cheng, Director of HashKey Exchange, stated: "In traditional investment environments, gold often requires separate accounts or offline channels for allocation, making it difficult to adjust promptly during market fluctuations. We aim to promote the more efficient circulation of Real World Assets (RWA), represented by gold, in the digital environment. With the listing of XAUt, users can buy, sell, and convert gold just like managing other digital assets. This is a concrete implementation of our efforts to address the challenges of gold allocation within a compliant framework."

About HashKey Exchange

HashKey Exchange is a digital asset exchange under listed company HashKey Holdings Limited (3887.HK), committed to setting new benchmarks for virtual asset exchanges in terms of compliance, fund security, and platform safety. Hash Blockchain Limited (HashKey Exchange) is one of the first licensed retail virtual asset exchanges in Hong Kong. It has obtained approval from the Securities and Futures Commission (SFC) of Hong Kong to hold licenses for Type 1 (dealing in securities) and Type 7 (providing automated trading services) under the Securities and Futures Ordinance, as well as a license to operate a virtual asset trading platform under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, enabling it to operate a virtual asset trading platform in compliance with regulations. HashKey Exchange has obtained ISO 27001 (information security) and ISO 27701 (data privacy) management system certifications. To comply with laws and regulations, HashKey Exchange does not provide services to users in Mainland China, the United States, and certain other jurisdictions.

HashKey Exchange News Release and Advertising Standard Terms and Disclaimer

* As of January 15, 2026, HashKey Exchange is ranked 17th on CoinGecko, making it the highest-ranked licensed virtual asset exchange in Hong Kong.

Domande pertinenti

QWhat is XAUt and what does each token represent?

AXAUt is a gold-backed token issued by Tether. Each XAUt token represents ownership of one troy ounce of a physical gold bar that meets the London Bullion Market Association (LBMA) Good Delivery standards.

QOn which exchange was XAUt officially listed, and what is significant about this listing?

AXAUt was officially listed on HashKey Exchange. This is significant because it marks the first time a gold token is available for compliant trading on a licensed exchange in Hong Kong.

QHow can professional investors trade XAUt on HashKey Exchange?

AProfessional investors can trade XAUt through the over-the-counter (OTC) bulk trading Marketplace interface on HashKey Exchange.

QAccording to HashKey Exchange Director Michelle Cheng, what problem does the listing of XAUt help solve?

AAccording to Michelle Cheng, the listing of XAUt helps solve the problem of the difficulty in调度 (scheduling/allocating) gold in a timely manner during market volatility by allowing users to buy, sell, and convert gold just like managing other digital assets within a compliant system.

QWhat type of licenses does HashKey Exchange hold from the Hong Kong Securities and Futures Commission (SFC)?

AHashKey Exchange holds a Type 1 (dealing in securities) license and a Type 7 (providing automated trading services) license under the Securities and Futures Ordinance, as well as a license to operate a virtual asset trading platform under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance.

Letture associate

Microsoft is Afraid of Being Marginalized by AI Giants

Microsoft, once the defining force of the PC era, now faces a familiar challenge in the AI age: the risk of being relegated to a profitable but invisible infrastructure provider. This anxiety was laid bare at Build 2026, where CEO Satya Nadella unveiled a major strategic pivot. The catalyst was a quiet April agreement that dissolved Microsoft's exclusive licensing and cloud-hosting deal with OpenAI, its once-vital partner. This erased Microsoft's key AI moat. With OpenAI and Anthropic defining AI applications and gaining enterprise traction—even within Microsoft's own ranks—Nadella had to answer: without exclusivity, what is Microsoft's role? The answer was a suite of seven in-house AI models, a developer-focused AI workstation (Surface RTX Spark Dev Box), and, most crucially, the Agent 365 platform for enterprise AI governance. The models, notably targeting Anthropic's strengths in coding and enterprise, signal a defensive move. However, the broader strategy is to make the models themselves less decisive. Financially, Microsoft's AI revenue is strong, driven largely by Azure running others' models. Yet its user-facing products like Copilot show weak penetration and engagement. Microsoft earns infrastructure money but lacks direct user mindshare. Nadella's core fear is being "hollowed out." As OpenAI and Anthropic prepare for IPOs and gain financial independence, they may build their own infrastructure, threatening Azure's lucrative AI revenue stream. Microsoft's window is to entrench itself deeper: not as the model creator, but as the indispensable platform for securely deploying, managing, and governing all AI models within the enterprise through Agent 365. Build 2026 revealed Microsoft's bet: in the AI era, the ultimate power lies not in any single model, but in the enterprise "operating system" that controls them. Nadella is determined to ensure Microsoft is the driver of this new era, not just a passenger.

marsbit10 min fa

Microsoft is Afraid of Being Marginalized by AI Giants

marsbit10 min fa

US Stocks Surge 16% in Two Months: Only 4 Occurrences in History, the Most Recent Was Just Before the 1987 Crash

U.S. stocks have surged 16% over April and May, a gain seen only four times since WWII, according to Deutsche Bank strategist Henry Allen. Three prior instances followed recessions, but the sole non-recession precedent was in early 1987, months before the "Black Monday" crash. The current rally is underpinned by AI enthusiasm and strong data, but its speed without an economic recovery is historically unprecedented. Meanwhile, credit spreads remain near record lows despite growing consumer strain—the U.S. savings rate hit just 2.6% in April, a level last seen before the Global Financial Crisis, and consumer sentiment is at its lowest since 1952. Market risks are concentrated. While stocks and credit markets appear immune to geopolitical tensions, sovereign bonds tell a different story. Treasury yields have tracked oil prices and recently hit multi-year highs, creating a widening divergence with equities. Surprisingly stable oil prices, despite the prolonged closure of the Strait of Hormuz, have been a key pillar for risk assets. However, if the blockage persists, this support could fade, raising the risk of a stagflation shock not currently priced in.

marsbit11 min fa

US Stocks Surge 16% in Two Months: Only 4 Occurrences in History, the Most Recent Was Just Before the 1987 Crash

marsbit11 min fa

CPU, Quietly Returning to the Center of the AI Computing Power Stage

Over the past three years, AI computing power narratives have been dominated by GPUs. However, starting in 2026, this story began to shift. While training large models remains GPU-intensive, the rapid growth of inference and AI agent workloads, which require high levels of task orchestration, concurrency, and data flow management, has highlighted a renewed critical role for CPUs. These are tasks GPUs are not designed to handle. Intel's recent launch of the Xeon 6+ processor, built on its Intel 18A process and featuring up to 288 efficiency cores (E-cores), exemplifies this strategic pivot. It is positioned not as a mere companion to GPUs but as the essential "control plane" for AI infrastructure, optimized for high-density, energy-efficient, and high-throughput workloads characteristic of AI agents and inference. This "CPU resurgence" is not about CPUs outperforming GPUs in raw computation. It reflects a systemic bottleneck: as AI scales from training single models to deploying countless intelligent agents, the demand for coordination and data handling surges. Major cloud providers are also developing their own high-density ARM-based server CPUs for similar workloads. However, Intel's success with this strategy faces significant challenges. Competition includes NVIDIA's integrated CPU-GPU solutions, the expanding adoption of cloud vendors' in-house ARM CPUs, and the crucial market test of Intel's 18A manufacturing process against rivals like TSMC's N2. In conclusion, CPUs are indeed reclaiming a central, though redefined, role in AI compute—managing the complex orchestration that enables massive-scale AI deployment. While the trend is clear, which company will ultimately lead this CPU resurgence remains an open question to be decided in the data centers of 2027 and beyond.

marsbit31 min fa

CPU, Quietly Returning to the Center of the AI Computing Power Stage

marsbit31 min fa

TON Rebrands Native Token As Gram, Reviving Original White Paper Name

The native token of the Toncoin (TON) network is being rebranded to 'Gram,' reviving its original name from the project's first white paper. This change, announced by Telegram co-founder and CEO Pavel Durov, is the fourth step in his "Make TON Great Again" (MTONGA) initiative. The transition period is expected to take about three weeks, and a new logo has been previewed. The rebrand follows Telegram's official return to the ecosystem in May as its largest validator, after a six-year absence that began with a 2020 legal dispute with the SEC. Durov stated that the move "returns to our roots" and paves the way for future developments, with three more steps remaining in the MTONGA roadmap. At the time of the announcement, Gram was trading around $2.02.

bitcoinist42 min fa

TON Rebrands Native Token As Gram, Reviving Original White Paper Name

bitcoinist42 min fa

If We Make Musk's Wealth Tangible

Elon Musk stands on the threshold of becoming the world's first trillionaire, with a current net worth estimated at approximately $970 billion. This vast fortune, accumulated over 31 years of entrepreneurship, is predominantly held as equity in his companies. The largest share comes from SpaceX's pre-IPO stake, valued around $538 billion, followed by Tesla holdings worth about $167 billion. Additional assets include stock options, stakes in The Boring Company and Neuralink, and other investments. The scale of his wealth is difficult to grasp. It surpasses the annual GDP of over 125 countries and represents about 3% of the U.S. GDP, double the relative wealth of historical figures like John D. Rockefeller. On average, his wealth grows by $992 per second. For a typical U.S. household earning the median income, it would take over 11 million years to amass an equivalent sum. To illustrate its purchasing power, $970 billion could buy roughly 2.4 million average American homes, acquire all NFL and NBA teams with over $500 billion remaining, or purchase companies employing over 4 million people combined. Musk's wealth is largely illiquid, tied to company stock. His story reflects the immense value creation in modern technology sectors like electric vehicles, commercial spaceflight, and artificial intelligence, which have also generated significant returns for investors and employees.

marsbit50 min fa

marsbit50 min fa

Trading

Spot

Futures