# Сопутствующие статьи по теме HashKey

Новостной центр HTX предлагает последние статьи и углубленный анализ по "HashKey", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

HashKey IPO Oversubscribed 300 Times, Investors Betting on Its Era Positioning

HashKey, known as "Hong Kong's first licensed crypto asset stock" (Stock Code: 03887), concluded its IPO subscription on December 12, with its official listing scheduled for December 17. Despite concerns over continued significant financial losses—reporting an adjusted net loss of approximately HK$1.57 billion from 2022 to 2024—the public offering was oversubscribed by 301.6x, raising HK$506 billion in margin financing against an initial target of HK$1.67 billion. The company attributes its losses to high upfront investments in compliance, technology development, and ecosystem expansion, drawing parallels to Coinbase’s early growth trajectory. HashKey operates multiple business segments, including regulated exchange services (HashKey Exchange and HashKey Global), blockchain infrastructure (HashKey Chain), asset management (HashKey Capital), OTC services, and tokenization solutions. Its strategic value lies in being a bridge between traditional finance and Web3, positioning itself as a compliant gateway for institutional entry into Asian crypto markets. With backing from cornerstone investors like UBS, Fidelity, and CDH Investments, HashKey aims to strengthen Hong Kong’s ambition to become a "global virtual asset hub." While skeptics point to its financials and perceived inefficiencies, investor enthusiasm reflects confidence in HashKey’s regulatory compliance, institutional leadership in Asia, and its role in regional digital finance infrastructure. The IPO is seen less as a short-term profit play and more as a bet on Hong Kong’s—and Asia’s—future in the evolving crypto and Web3 landscape.

marsbit12/15 00:10

HashKey IPO Oversubscribed 300 Times, Investors Betting on Its Era Positioning

marsbit12/15 00:10

Why Can HashKey Become Hong Kong's 'First Crypto Stock'?

HashKey, a licensed Virtual Asset Trading Platform (VATP) in Hong Kong, has passed the listing hearing of the Hong Kong Stock Exchange (HKEX) and is poised to become the city’s first listed crypto-native company. Its Post-Hearing Information Pack (PHIP) reveals key aspects of its business, compliance, and governance. A major strength lies in its global multi-jurisdictional regulatory compliance, with licenses in financial hubs including Hong Kong, Singapore, Japan, Bermuda, the UAE, and Ireland. This allows it to operate across borders while adhering to local regulations. The platform emphasizes strong technical and internal controls: 96.9% of user assets are stored in cold wallets, customer funds are segregated, and multi-signature approval processes are implemented. It has also developed HashKey Chain, a compliant Ethereum Layer-2 network designed for institutional use, particularly in tokenized securities, which embeds regulatory requirements at the protocol level. HashKey Holdings is incorporated in Cayman Islands and has established a corporate governance structure aligned with HKEX standards, including a board with independent directors and a fully independent audit committee. Its potential listing is seen as a significant milestone, demonstrating that Web3 businesses can operate within regulatory frameworks. It also reflects Hong Kong’s supportive stance toward virtual asset innovation. However, ongoing compliance across multiple regions entails high and continuous operational and legal costs.

marsbit12/14 06:44

Why Can HashKey Become Hong Kong's 'First Crypto Stock'?

marsbit12/14 06:44

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