| J.P.Morgan | | 國泰君安國際 | | --- | --- | --- | | | GUOTAI HAITONG | GUOTA JUNAN NTERNATIONAL | | | | 搜狐号@HawkInsight | 一、合规牌照构筑业务护城河 2025年12月1日，港交所披露信息显示，综合性数字资产公司HashKey Holdings Limited（以下简 称"HashKey"）已通过主板上市聆讯，向成为"香港虚拟资产第一股"迈出关键一步。据悉，此次IPO计 划募资约5亿美元（折合约39亿港元）。由摩根大通和国泰海通联席保荐。 HashKey的收入主要来源于三大板块：交易促成服务、链上服务及资产管理服务。其中，交易促成服务 是当前核心收入来源，2024年实现收入7.21亿港元。2025年上半年，该业务收入为2.84亿港元。值得关 注的是，公司客户集中度显著下降，五大客户收入占比由2022年的79.6%降至2025年上半年的22.8%。 在链上服务方面，截至2025年9月底，HashKey的质押资产规模达290亿港元；其自研的HashKey Chain 作为以太坊Layer 2网络，已实现 ...

HashKey Holdings Limited Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Post Hearing Information Pack, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Post Hearing Information Pack. Post Hearing Information Pack of (the "Compan ...

Core Insights - The global crypto asset management scale (AUM) has surpassed $120 billion in 2024, with the stablecoin market projected to reach $2.8 trillion by 2028 and real-world asset (RWA) tokenization expected to hit $16 trillion by 2030 [1][2] - HashKey Group has launched a one-stop service platform called HashKey Crypto-as-a-Service (CaaS) aimed at lowering the entry barriers for Web3 and connecting traditional finance with digital finance [1][2] Group 1 - HashKey CaaS will leverage the group's focus on RWA and the financial blockchain HashKey Chain to integrate on-chain services, asset tokenization, liquidity, institutional-grade custody, and security systems [1] - The platform aims to help financial institutions establish digital asset operations with lower costs, shorter timelines, and higher efficiency [1] Group 2 - The CaaS service provides full lifecycle support from legal structure design, smart contract development, asset issuance, distribution, to ongoing management, significantly simplifying the on-chain deployment process [2] - HashKey Group has obtained digital asset licenses in key markets such as Singapore, Dubai, Japan, and Bermuda, with plans to expand into Europe and the UAE [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 PUXING ENERGY LIMITED 普星能量有限公 司 普星能量有限公 司 （於開曼群島註冊成立的有限公司） （股份代號：90） 補充公告 認購HASHKEY HOLDINGS LIMITED股權 茲提述日期為二零二五年七月九日之自願性公告（「該自願性公告」），內容有 關普星能量有限公司（「本公司」，連同其附屬公司統稱「本集團」）認購HashKey Holdings Limited（「HashKey」）股權之事宜。除文義另有所指外，本公告所用詞 彙與該自願性公告所定義者具有相同涵義。董事會謹此向股東及潛在投資者 提供以下補充資料。 有關認購事項之補充資料 HashKey之持股比例： 代價基準 在同意認購事項之認購價前，董事會已委聘獨立估值機構對HashKey每單位A 系列優先股之市場價值進行評估。 該估值乃根據國際估值準則採用市場法進行。收益法被認為不適用，因其需 依賴對估值結果高度敏感之主觀 ...