Shares of digital assets firm Hashkey Holdings were flat in Hong Kong trading today, following the firm’s IPO last week. The Chinese city has steadily embraced digital assets since 2022 as it tries to maintain its status as a global financial center. The crypto firm’s shares ended the day 0.2% lower in a choppy day of trading, with a post-opening surge, followed by a slump for most of the day before recovering right before market close.
Hashkey, founded in 2018, operates a Hong Kong-licensed crypto exchange, the city’s largest. According to its IPO prospectus, Hashkey’s exchange has facilitated 1.7 trillion Hong Kong dollars ($218 billion) in trading volume as of Sep. 30, 2025. The broader group also offers on-chain services, like staking and tokenization, as well as asset management services. Hashkey generated 283 million Hong Kong dollars ($36 million) in revenue for the first half of 2025, a 26% year-on-year drop, according to the prospectus.
