Crypto giant HashKey Group is planning a major move. The company confidentially filed for an initial public offering (IPO) in Hong Kong. This puts the city in the driver’s seat when it comes to major crypto listing destinations. HashKey runs the biggest licensed crypto exchange in this region. So, the financial hub is consolidating a strategic foothold in the world markets.
HashKey Reaches $1.5B Valuation Ahead of Planned Hong Kong IPO
HashKey has the target of getting the listing done in the shortest time. According to Bloomberg, the goal is to get it accomplished by this year. Some respondents requested to stay anonymous as the information is not public. In addition, the IPO could be used to raise up to $500 million. This huge injection of capital would be used to propel global growth and expansion.
Related Reading: HashKey Launches $500 Million Fund Focused on Digital Asset Treasuries | Live
The company has also shown strong financial expansion in recent times. It became a unicorn company in January 2024. This was covered by a valuation of $1.2 billion. Subsequently, HashKey obtained about $100 million in seed funding. Later in its development, the company’s value was increased by an additional investment.
Gaorong Ventures invested $30 million again in February 2025. The post-money valuation was increased at this late stage of funding. The company is currently worth almost $1.5 billion. In addition, this rapid expansion is drawing great institutional attention. Such high valuation makes its IPO, which will be highly anticipated.
An IPO opportunity comes after Hong Kong regulatory clarity. They developed and deployed a full virtual-asset architecture last year. Therefore, the transfer puts the city in a strong position as a thriving urban center. This happens even though the mainland of China still has a ban on crypto assets. The listing makes the comparison favorably with the American success stories.
US-listed Circle Internet Group (Circle) recently went public, after which its shares jumped 385% in performance. The overall process of the company involved the raising of nearly $1.1 billion. As a result, HashKey is looking to replicate this momentum in Asia. Hong Kong is a regulated route to successful capital raising.
HashKey Introduces Index Fund Targeting High-Net-Worth Investors
HashKey has gained a lot of new ground across the globe in 2025. In January, it obtained conditional approval from Dubai’s VARA. This enabled it to function in full capacity in the Middle East region. In addition, the firm’s regulatory approval was secured in both Bermuda and Ireland. This expansion reflects a strong global compliance focus.
The firm recently launched a very big investment vehicle. The digital asset treasury fund of $500 million was launched in September. Its CEO thinks disciplined crypto treasuries will weather any market. Previously, HashKey was accredited for providing staking services in April. This is to accommodate Ether staking in spot ETFs.
In February, the firm received its approval in Hong Kong. This accommodates the services of discretionary management of virtual assets. The service is made only for professional investors. Furthermore, HashKey introduced the HashKey 20 Index Fund. This new product is geared towards high-net-worth individuals. The IPO reinforces the stance of the company as a financial services provider.
The crypto market in Asia is at a turning point with the confidential filing. Indeed, it indicates the increasing mainstream acceptance of digital assets. HashKey’s success may spur more listings in Hong Kong. Accordingly, the IPO will play a significant part in the public observation of world financial markets.
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Author: NixCoin