"New Stocks" HashKey passes the listing hearing

Digital asset company HashKey Holdings has passed the listing hearing at the Hong Kong Stock Exchange, with JP Morgan and Guotai Haitong serving as joint sponsors.

The company operates the licensed digital asset platform HashKey Exchange, engaging in exchange and OTC businesses. As of the end of June this year, HashKey had a total of 14,099 retail and 273 institutional monthly trading clients, representing year-on-year growth of 127% and nearly 107%, with monthly trading volumes for retail and institutional clients reaching HKD 5.16 billion and HKD 24.304 billion, respectively.

In the first half of this year, HashKey recorded revenue of nearly HKD 284 million, a year-on-year decline of 26.1%. During the period, the loss was nearly HKD 507 million, narrowing from nearly HKD 773 million in the same period of 2024; the adjusted loss under non-International Financial Reporting Standards was HKD 452 million, widening from a loss of HKD 240 million in the same period last year