HashKey successfully listed on the Hong Kong Stock Exchange Main Board, becoming Asia's first digital asset IPO.

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【Crypto World】On December 17, Asia’s well-known digital asset company HashKey (Stock Code: 3887.HK) officially listed on the Main Board of the Hong Kong Stock Exchange, becoming the first publicly listed company in the region’s digital asset sector. This milestone marks a new phase of integration between traditional finance and the Web3 industry.

At the listing ceremony, Dr. Xiao Feng, Chairman and CEO of HashKey, stated that listing on the HKEX is a new starting point. Since its inception, the company has chosen a compliant path and will continue to strengthen its infrastructure capabilities—focusing on security, asset custody, on-chain execution, and on-chain compliance—to build a globally leading digital asset infrastructure.

The market responded enthusiastically to this issuance. During the global offering phase, nine institutions, including UBS Asset Management Singapore, Fidelity, and Dinghui Investment, participated as cornerstone investors, demonstrating the professional market’s recognition of HashKey.

Since its establishment in 2018, HashKey has consistently followed the development strategy of “compliance as the foundation, technology as the core.” Currently, its business has formed three main pillars—transaction facilitation, on-chain services, and asset management—serving both retail and institutional clients.

From a broader perspective, Hong Kong continues to push forward with digital asset policies. The authorities have explicitly proposed phased promotion of physical asset tokenization, improvement of the token issuance and trading system, and accelerated development of digital financial infrastructure. Under such a policy environment, HashKey’s successful listing not only reflects the company’s growth but also adds new momentum to Hong Kong’s development as a global digital asset hub.

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AirdropJunkievip
· 8h ago
The strategy of gaining popularity through compliance is really effective. Waiting to see projects follow suit and learn from it.
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PerennialLeekvip
· 13h ago
The road to compliance has finally been successful, Xiao Feng's move was steady. How to put it, this time we finally saw the appearance of the regular army entering the market. The first one on the Hong Kong Stock Exchange? Let's wait and see how long it can sustain. Both UBS and Fidelity are here, indicating that major institutions still have confidence in this sector. No more worries about regulation, feeling reassured.
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MevWhisperervip
· 13h ago
The Hong Kong Stock Exchange has finally entered the scene, and now traditional finance really has to bow and scrape. After years of compliance efforts, finally seeing results—Brother Xiao Feng should be smiling. The lineup of cornerstone investors... UBS and Fidelity are here, indicating that major institutions truly believe in the infrastructure sector. Wait, the real test is still ahead, right? Going public is just the beginning. On-chain custody and execution that can truly be implemented would be amazing; don’t let it turn into another PPT project. Web3 finally has a "serious team" going public, and it feels like the landscape has changed. I've always said compliance is a long-term strategy, and now someone has really found a way. Remember this number, 3887—it's a coordinate in the new era of Web3.
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0xSoullessvip
· 14h ago
Can the path to compliance really make money? Let's see if it's a scam or not first.
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LiquidatedAgainvip
· 14h ago
What’s the use of a compliance license? It still depends on whether you can survive the next bear market’s liquidation price. Another infrastructure dreamer. I really look forward to how they hedge systemic risk... Never mind, I’m just a fan of Jia Yueteng, I’ll wait and see. HKEX approval ≠ risk control approval. Having UBS and Fidelity endorse me makes me even more nervous, after all, institutions are harsher than retail investors when it comes to forced liquidation. Brother Xiao Feng is indeed tough, but I don’t know if the leverage package will get a 20% discount. I bet five bucks that three months after the IPO, some compliant project will have an incident at an non-compliant time, and then we’ll see the official statement saying "all risks are within controllable range." If only I had known earlier, everyone. I dreamed of this scene back in 2017. The lineup of cornerstone investors is luxurious, but the borrowing rate is the deepest hidden... I’ve already started studying the liquidation mechanism. Still, as I always say, whether the compliant infrastructure is strong or not, whether the collateral ratio can be passed is the real key. Never mind, I won’t say anything cold about this old leek who’s been deeply trapped again. Everyone, just keep an eye on risk control points yourselves.
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