HashKey Group, the operator of Hong Kong’s top licensed crypto exchange, has confidentially filed for an initial public offering (IPO) aiming to raise up to $500 million, according to Bloomberg.
The IPO, potentially set for later this year, comes as Hong Kong positions itself as a leading digital asset hub under its clear regulatory framework.
Founded in 2018, HashKey offers asset management, venture capital, and regulated exchange services in both Hong Kong and Singapore.
Earlier this year, the firm gained approvals from Dubai’s VARA, as well as regulators in Bermuda and Ireland, marking rapid global expansion.
In 2023, Gaorong Ventures invested $30 million in HashKey, valuing it above $1 billion.
A successful listing would reflect growing investor confidence in Asia’s regulated crypto sector, similar to U.S.-based Circle’s $1.1 billion raise earlier this year.
If completed, HashKey’s IPO could set a benchmark for other crypto exchanges seeking public listings in Asia’s evolving digital finance ecosystem.
You need to login in order to Like
Leave a comment