HashKey通过港交所聆讯 为亚洲最大的区域性数字资产在岸平台

Core Viewpoint - HashKey is a comprehensive digital asset company that provides a licensed digital asset platform for trading facilitation, on-chain services, and asset management, establishing itself as a leader in the Asian digital asset ecosystem [2] Group 1: Company Overview - HashKey operates a platform capable of issuing and circulating tokenized real-world assets and has launched HashKey Chain, a scalable Layer 2 infrastructure for on-chain migration [2] - The company is recognized as the largest regional onshore platform in Asia by trading volume, with a market share exceeding 75% in Hong Kong [2] - HashKey is also the largest on-chain service provider in Asia and the largest digital asset management institution by assets under management [2] Group 2: Revenue Sources - The company's revenue primarily comes from trading facilitation services, on-chain services, and asset management services, with trading facilitation being the core business driven mainly by institutional clients [3] - The Hong Kong platform supports trading of major digital assets including USDT, BTC, ETH, and others, while the Bermuda platform covers 72 categories of digital assets [3] Group 3: Financial Performance - For the fiscal years ending December 31, 2022, 2023, and 2024, and for the six months ending June 30, 2025, the company reported revenues of HKD 1.29 billion, HKD 2.08 billion, HKD 7.21 billion, and HKD 2.84 billion respectively [7] - The company recorded losses of HKD 5.85 billion, HKD 5.8 billion, HKD 11.9 billion, and HKD 5.07 billion for the same periods [7] - The revenue from the top five clients accounted for 79.6%, 56.0%, 18.5%, and 22.8% of total revenue in the respective periods [7] Group 4: Client Base - The client base consists of institutional clients such as banks, asset management firms, family offices, hedge funds, and Web3 developers, as well as omnibus clients, ecosystem partners, and retail users [3]