HashKey Holdings Limited is poised to become Hong Kong's first publicly traded crypto exchange, having filed for an initial public offering (IPO) on Monday. The IPO includes 240.57 million shares, with 24.06 million allocated for local investors and 216.51 million for international ones, priced at a maximum of HK$6.95 per share. The prospectus outlines HashKey's ambition to create a comprehensive digital asset ecosystem catering to retail and institutional clients. Trading is set to begin on December 17 under stock code 3887. As the largest licensed platform in Hong Kong, HashKey is adapting to the city's evolving regulatory framework, which has tightened over the past two years to foster a compliant digital asset environment. Despite rising operational costs leading to increased losses, HashKey reported significant assets under management and staking, positioning itself as a leader in Asia's digital asset sector. The company aims to monetize through its HashKey Chain, focusing on real-world financial assets and stablecoins.$BTC $ETH $BNB