HashKey files for $500M Hong Kong IPO

Hong Kong’s crypto moment is about to get a reality check as the city’s biggest licensed exchange reportedly quietly filed for an ￰0￱ Group is aiming to raise up to $500 million in an ￰1￱ the listing goes through this year, then it would be the first real test of whether Asia still has an appetite for crypto ￰2￱ crypto scene in Asia is a bit scattered right ￰3￱ the major economies are holding different regulatory stances on the use of digital assets. Beijing’s regulators are tightening their grip again. A few days ago, China’s securities watchdog reportedly told top brokerages to hit pause on their tokenization projects in Hong ￰4￱ comes in when Hong Kong has been pitching itself as the digital asset capital of ￰5￱ message from Beijing suggests investors not get too ￰6￱ IPO sparks Asia crypto buzz HashKey is running trading, venture, and asset management arms across Hong Kong and ￰7￱ already counts Gaorong Ventures among its ￰8￱ last raised $30 million at a valuation north of $1 ￰9￱ reportedly IPO timing looks fascinating, as Chinese firms are rushing to turn real-world assets like property and bonds into blockchain tokens.

Meanwhile, the mainland is quietly cooling the frenzy, but Hong Kong keeps trying to prove it can coexist amid ￰10￱ digital assets market is playing its own ￰11￱ cumulative crypto market cap saw a dip on Friday after hitting $4.3 trillion mark recently. However, the total cap now hovers around $4.1 trillion with a 24 hour trading volume of $206 ￰12￱ price briefly slipped to $120,000 after a record-breaking run, while ETFs in the US pulled in nearly $3 billion in fresh ￰13￱ price is now up by 30% on a year-to-date (YTD) ￰14￱ is trading at an average price of $121,386 at the press ￰15￱ halfway across Asia, India’s fintech leaders are pretending not to notice any of ￰16￱ the world’s largest fintech gathering in Mumbai this week, with 100,000 attendees and two prime ministers in the house, no one dared to talk about ￰17￱ silence says ￰18￱ Kong is going all in, Beijing is pulling strings, and India’s just watching from the ￰19￱ the other side, the United States is making all the calls and talks around crypto, pushing it to breach new ￰20￱ a premium crypto trading community free for 30 days - normally $100/mo.