HashKey, which focuses on institutional clients, "passes" the Hong Kong Stock Exchange

Wallstreetcn
2025.12.01 06:30
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HashKey Holdings Limited has passed the hearing at the Hong Kong Stock Exchange and plans to raise funds through an IPO for technology and infrastructure iteration, as well as product innovation. The company's main business is facilitating digital asset trading, with a trading volume reaching HKD 638.4 billion in 2024, but a nearly 40% decline in trading volume in the first half of 2025. Institutional clients are the main source of trading volume, with a monthly trading volume of HKD 24.304 billion in the first half of 2025. The company has not yet turned a profit, with a net loss of HKD 1.19 billion in 2024