HashKey News

HashKey Capital has raised $250 million in commitments for the first close of its fourth crypto fund amid continued institutional demand despite volatile market conditions.

HashKey debuted on Hong Kong’s HKEX following a $206 million oversubscribed IPO, with the stock seeing notable volatility on its first day of trading.

HashKey’s IPO bid puts Hong Kong’s virtual asset regime on display, testing whether compliance-first crypto platforms can win investors.

HashKey opens IPO subscriptions as it seeks to raise $214.7 million, valuing Hong Kong’s biggest crypto exchange at about $2.5 billion.

HKEX published a post-hearing information pack for HashKey Holdings, pushing Hong Kong’s top crypto exchange closer to a high-profile IPO.

HashKey Group, the operator of Hong Kong’s top licensed crypto exchange, has reportedly filed for an IPO in the city, aiming to raise up to $500 million.

HashKey Capital CEO Deng Chao says crypto treasuries must be treated as strategic reserves, not speculative bets, to remain sustainable in volatile cycles.

The launch follows Nasdaq’s call for tighter scrutiny of corporate crypto holdings, which HashKey framed as a test for the industry.

HashKey Capital has launched Asia’s first XRP Tracker Fund with early investment from Ripple, aiming to convert it into an ETF.

The approval means HashKey can provide “ETH staking services for spot ETFs,” said HashKey’s managing director, Terence Pu.

HashKey, a licensed crypto exchange in Hong Kong, secured a $30 million investment from China-based VC firm Gaorong Ventures at a $1.5 billion valuation.

Crypto and blockchain venture capital deals are forecast to reach $18 billion this year, according to PitchBook.

HashKey Europe has entered Ireland following its approval for a VASP license under MiCA regulations, enabling various crypto services.

The launch follows a successful testnet period where 50 projects were deployed and more than 24.72 million transactions were completed.

Analysts at Hashkey Capital say altseason could find firmer footing once Bitcoin trades above $80,000.