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HashKey Reportedly Files Confidentially for Hong Kong IPO Targeting Up to $500 Million

The move would serve as a gauge of investor appetite for regulated crypto businesses tied to Hong Kong.

Overview

  • Bloomberg reports the Hong Kong listing plan is under discussion with a potential launch as soon as this year, with valuation and timing still being negotiated.
  • HashKey declined to comment on the reported filing, saying it had no listing-related information to disclose.
  • The HSK token rose roughly 13% following the IPO report, reflecting a swift market reaction.
  • HashKey expanded its regulated footprint in 2025, securing conditional approval from Dubai’s VARA, approvals in Bermuda and Ireland, and SFC clearance for discretionary virtual-asset management.
  • The platform processes about $117 million in daily trading volume as Hong Kong tightens its crypto framework with new custody standards and planned limits on higher-risk products.