🐲 Crypto Exchange HashKey Raises $206 Million in Hong Kong IPO
Crypto exchange HashKey Holdings has raised $206 million through an initial public offering (IPO) on the Hong Kong Stock Exchange, according to sources familiar with the deal.
The offering was completed in December 2025. Shares were offered to institutional and retail investors, with trading expected to begin shortly after the completion of the listing.
HashKey is one of the licensed cryptocurrency platforms in Hong Kong and operates under the regulatory framework of the Securities and Futures Commission (SFC). The company provides digital asset trading services to institutional and retail clients.
During the IPO, HashKey attracted interest from major international investors. The proceeds from the offering will be used to support business development, infrastructure expansion, and ongoing operations.
Hong Kong has been actively developing its regulatory framework for the cryptocurrency sector in recent years. The city has introduced a licensing regime for crypto exchanges and digital asset service providers, enabling several companies to operate under official approval.
The HashKey IPO is one of the largest public listings by a crypto company in Asia in 2025 and comes amid continued market interest in digital assets.
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