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Crypto Platform HashKey Plans Hong Kong IPO This Year: Report
Yahoo Financeยท 2025-10-10 05:47
Group 1 - HashKey Group has filed for an IPO in Hong Kong, aiming to raise up to $500 million and list within this year [1][2] - The move aligns with Hong Kong's regulatory efforts towards digital assets, including the launch of a licensing regime for stablecoin issuers [2] - HashKey has announced plans to launch Asia's largest multi-currency digital asset treasury ecosystem fund, targeting over $500 million in its first phase [2] Group 2 - The company has expanded its global presence, receiving conditional approval from Dubai's VARA and regulatory approvals in Bermuda and Ireland [3] - KPMG predicts Hong Kong will lead global IPO rankings, with nearly 300 active IPO filings as of September 30, marking a historical high [4] - The interest in IPOs from emerging industries like AI and crypto reflects a growing investor appetite for forward-looking investments [5] Group 3 - Following the IPO report, HashKey's native token, HSK, surged 13% to $0.46, indicating increased speculation about growth and token utility [6] - A successful IPO could enhance HSK's visibility among traditional investors and broaden its use cases [6]