Group 1 - HashKey Holdings (03887) has launched its initial public offering (IPO) with a share price of HKD 6.68, issuing 241 million shares and raising a net amount of HKD 1.479 billion [1] - As of the report, the stock has increased by 0.3%, trading at HKD 6.7 with a transaction volume of HKD 143 million [1] - HashKey, established in 2018, is one of the 11 companies in Hong Kong holding a virtual asset trading platform license and is the largest regional onshore digital asset platform in Asia by trading volume, with over 75% market share in the local market [1] Group 2 - The company's core business is divided into three main segments: trading facilitation, on-chain services, and asset management, creating a comprehensive service ecosystem covering the entire digital asset industry chain [1] - HashKey is recognized as a mature comprehensive digital asset company in Asia, providing end-to-end financial infrastructure, technology, and investment management to build a digital asset ecosystem [1] - According to Frost & Sullivan, HashKey is the largest regional onshore platform in Asia by projected trading volume for 2024, and it is also the largest on-chain service provider and digital asset management institution in Asia by staked assets and managed assets, highlighting its leadership position across various business segments [1]

Core Viewpoint - HashKey Holdings (03887) has successfully listed its shares at a price of HKD 6.68 per share, raising a net amount of HKD 1.479 billion through the issuance of 241 million shares, indicating strong market interest in the company [1] Group 1: Company Overview - HashKey was established in 2018 and is one of the 11 companies in Hong Kong holding a virtual asset trading platform license [1] - The company is recognized as the largest regional onshore digital asset platform in Asia by trading volume, with a market share exceeding 75% in the local Hong Kong market [1] Group 2: Business Segments - HashKey's core business is divided into three main segments: trading facilitation, on-chain services, and asset management, creating a comprehensive service ecosystem covering the entire digital asset industry chain [1] - According to Frost & Sullivan, HashKey is projected to be the largest regional onshore platform in Asia by trading volume in 2024 [1] Group 3: Market Position - In addition to its trading operations, HashKey is also the largest on-chain service provider in Asia by staked assets and the largest digital asset management institution by assets under management, highlighting its leadership position across various business segments [1]

Core Viewpoint - HashKey Holdings Limited is preparing for an upcoming listing in Hong Kong, with J.P. Morgan and Guotai Junan International as joint sponsors [1][2]. Company Overview - HashKey is a comprehensive digital asset service platform based in Asia, with global operations. Its core services include trading facilitation, on-chain services, and asset management [2]. - The company offers spot and OTC trading services through a licensed digital asset trading platform, supporting major cryptocurrencies and stablecoins, while providing compliant market access and custody solutions for institutional and retail clients [2]. - In terms of on-chain services, HashKey provides staking, tokenization, and blockchain infrastructure services, and has developed its own Layer 2 network, HashKey Chain, which supports the tokenization and circulation of real-world assets (RWA) [2]. - The asset management services encompass venture capital and secondary market funds, offering digital asset allocation solutions for institutional clients [2]. - HashKey operates in multiple jurisdictions, including Hong Kong, Bermuda, and Singapore, aiming to build a digital asset ecosystem that connects traditional finance with Web3 through compliant technological infrastructure [2]. Fundraising Purpose - The funds raised from the Hong Kong listing will be allocated for: 1. Technology and infrastructure iteration 2. Market expansion and ecosystem collaboration 3. Operations and risk management 4. Working capital and general corporate purposes [4].