目前，HashKey Exchange是香港最大的持牌虚拟资产交易所。截至2024年12月11日，在CoinGecko全球 交易排名中位列第6，为排名最高的香港持牌虚拟资产交易所。 智通财经APP获悉，据媒体消息，香港最大的加密货币交易所HashKey寻求在香港IPO，筹资不超过5亿 美元。 资料显示，HashKey成立于2018年，总部设于香港，业务涵盖虚拟资产场内及场外交易、资管业务、节 点验证(HashKey Cloud)及代币化服务。另有链上生态，包括基于以太坊的二层公链、生态代币等。 HashKey集团发布的2025二季报显示，Omnibus综合账户服务(券商为客户提供合规虚拟资产交易的渠 道)，已覆盖香港90%持牌券商，累计交易量突破300亿港元。 HashKey Exchange的母公司是HashKey集团，该集团入股了香港稳定币沙盒发行人之一的圆币科技，且 已与另一沙盒发行人京东在稳定币业务上达成合作。 ...

Core Viewpoint - The implementation of the Hong Kong Stablecoin Regulation on August 1 is expected to significantly impact the market, with a limited number of licenses anticipated to be issued by the Hong Kong Monetary Authority (HKMA) by the end of the year [1][2]. Group 1: Regulatory Framework - The HKMA has established a licensing system for stablecoin issuers, which includes thorough assessments of applicants' financial status, asset management, and business capabilities [8][19]. - The first phase of licensing will involve issuing a single-digit number of licenses, with various payment institutions and well-known internet companies expressing interest in applying [8][19]. Group 2: HashKey Group's Position - HashKey Group, through its subsidiary HashKey Tokenisation, is actively involved in the virtual asset ecosystem, providing tokenization services and has established a comprehensive business model since its inception in 2018 [5][6]. - The company has achieved significant milestones, including covering 90% of licensed brokers in Hong Kong with its Omnibus account service, and has recorded a cumulative trading volume exceeding HKD 30 billion [2][6]. Group 3: Future Outlook - The implementation of the Stablecoin Regulation is expected to foster innovation and regulation in Hong Kong's financial market, positioning the region as a potential international digital asset hub [20][24]. - HashKey Group aims to support the stablecoin ecosystem by enhancing liquidity and facilitating the integration of stablecoins with real-world assets (RWA) [9][18]. - The company is optimistic about achieving financial balance within the year, driven by the rapid growth of the virtual asset industry across Asia and globally [4][6]. Group 4: Stablecoin Applications - Stablecoins are anticipated to play a crucial role in enhancing financial inclusion by providing low-cost, efficient access to financial services, particularly in cross-border payments and everyday transactions [13][15]. - The combination of stablecoins and RWA is expected to optimize asset management efficiency and enhance liquidity in trading, contributing to the digital transformation of financial markets [18]. Group 5: Regulatory Impact - The new regulatory framework is expected to increase market confidence, attracting stablecoin issuers and fintech companies to establish operations in Hong Kong, thereby enriching the local ecosystem [24]. - The regulatory clarity provided by the Stablecoin Regulation is likely to position Hong Kong as a leader in the global stablecoin landscape, offering a model for other jurisdictions [24].