HashKey Group Files for Hong Kong IPO, Targets 2025 Listing

HashKey Group has applied for an IPO in Hong Kong with the goal of going public “as soon as this year.” The company operates HashKey Exchange, the biggest authorised crypto exchange in Hong Kong. The platform also hopes to raise up to $500 million before the IPO. According to the sources, HashKey is still negotiating specifics, such as the listing timeline and valuation, which could change. The action is in line with Hong Kong’s expanding attempts to regulate digital assets and its pro-asset attitude. In addition, Hong Kong’s stablecoin issuer license program was formally introduced in August. HashKey revealed plans last month to launch the biggest multi-currency digital asset treasury (DAT) ecosystem fund in Asia. In its first phase, it revealed aspirations to raise over $500 million.