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HashKey Group Files for IPO in Hong Kong, Aims to Raise $500 Million
HashKey Group – Hong Kong’s leading licensed crypto exchange, HashKey Group, is making headlines once again — this time for reportedly filing for a high-profile initial public offering (IPO) in the city, according to a Friday Bloomberg report citing unnamed sources familiar with the matter.
HashKey Eyes $500 Million IPO
The potential IPO could raise up to $500 million, positioning HashKey for a landmark debut on Hong Kong’s public markets later this year. While the company has not officially commented on the matter, this move underscores the firm’s accelerating growth in Asia’s fast-evolving digital asset landscape.
Market Leader and Scam Target
HashKey currently stands as Hong Kong’s top licensed cryptocurrency exchange, with a reported 24-hour trading volume nearing $117 million, according to CoinGecko data at the time of writing. Its rapid rise in popularity has also attracted the attention of scammers. Earlier this year, Hong Kong’s Securities and Futures Commission (SFC) flagged dozens of fraudulent websites impersonating the platform. HashKey has publicly confirmed it is not affiliated with any of the suspicious domains.
Beyond the Exchange: A Broader Crypto Vision
HashKey is not just a trading platform. The company is quickly building out a full-stack digital asset ecosystem. In September, it launched a $500 million Digital Asset Treasury fund, reflecting its long-term conviction in crypto markets. Earlier in April, HashKey secured approval from Hong Kong regulators to offer staking services, with a particular focus on Ethereum-based ETFs.
Backed by major investors, the firm raised $30 million from Gaorong Ventures in February at a $1.5 billion valuation, following its unicorn status achieved in January with nearly $100 million raised.
As Hong Kong cements its role as a global crypto hub, all eyes will be on HashKey’s next move — and whether its public market debut becomes a defining moment for regulated crypto finance in the region.
