HASHKEY HLDGS Debuts with 1.95% Early Gains

Deep News
Dec 17

HASHKEY HLDGS (03887) made its market debut today, with shares priced at HKD 6.68 each. The company issued 241 million shares, with each lot comprising 400 shares, raising a net total of HKD 1.479 billion. As of the latest update, the stock rose 1.95% to HKD 6.81, with a trading volume of HKD 188 million.

Founded in 2018, HashKey is one of Hong Kong's 11 licensed virtual asset trading platforms. By trading volume, it is currently the largest regional onshore digital asset platform in Asia, commanding over 75% of Hong Kong's local market share. According to its prospectus, HashKey's core business spans three key areas: trading facilitation, on-chain services, and asset management, forming a comprehensive ecosystem covering the entire digital asset industry chain.

Today, the group stands as a mature, diversified digital asset company in Asia with a global footprint. It builds digital asset ecosystems by providing end-to-end financial infrastructure, technology, and investment management services. According to Frost & Sullivan data, the group is Asia's largest regional onshore platform by 2024 trading volume. Beyond trading, it is also the region's top on-chain service provider by staked assets and the largest digital asset manager by assets under management, solidifying its leadership across all business segments.

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