HashKey listed on the Main Board of The Stock Exchange of Hong Kong Limited, becoming the first digital asset company to go public in Hong Kong through an initial public offering.

At the listing ceremony, Chairman and Chief Executive Officer Dr Xiao Feng said the listing marked a new phase for the company and carried greater responsibility.

He added:

“As a company deeply rooted in Hong Kong, we have always believed that compliance is essential for achieving long-term success and sustainable growth.”

He said HashKey would continue to strengthen capabilities in security, custody, on-chain execution and compliance to build its digital asset infrastructure services.

The IPO drew strong market interest and included nine cornerstone investors, among them UBS Asset Management Singapore, Fidelity and CDH.

Founded in 2018, HashKey has followed a strategy it describes as “compliance as the foundation, technology as the core”.

Its operations are organised around three main business areas: transaction facilitation, on-chain services and asset management.

The company serves both retail and institutional clients, positioning itself as a regulated access point to digital asset markets.

HashKey’s listing comes as Hong Kong advances its policy framework for digital assets, including support for real-world asset tokenisation, tokenised issuance and trading, and the development of digital financial infrastructure.

Within this regulatory environment, the company plans to continue developing its infrastructure and services while operating within compliance requirements.

The listing represents a further step in Hong Kong’s efforts to establish itself as a centre for regulated digital asset activity, as competition among global financial hubs to attract digital finance firms continues.

Featured image credit: HashKey