HONG KONG — Cryptocurrency exchange operator Hashkey Holdings’ shares rose slightly Wednesday as it became the first major digital asset company to list on Hong Kong’s stock exchange, at a time when investor doubts and increased regulator oversight are clouding the industry’s prospects.
Crypto exchange operator Hashkey’s shares rise in Hong Kong IPO
Cryptocurrencies
Company raises $206m as digital asset volatility and regulations cloud outlook

Executives from Hashkey Holdings celebrate the company’s listing in Hong Kong on Dec. 17. (Photo by Lorretta Chen)
LORRETTA CHEN
December 17, 2025 11:03 JST




