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HashKey Exchange, The Licensed Virtual Asset Exchange in Hong Kong Goes Live Today

Hong Kong, 28 August 2023 - HashKey Exchange, the licensed virtual asset exchange to offer retail services in Hong Kong, announces its official launch today. Together with executives from the HKSAR government, top-tier banks, insurers, and Big 4 auditing firms, HashKey Exchange held the grand launch in Hong Kong. Direct USD and HKD transfers from bank accounts are supported. Fiat trading pairs are now available on the Web end, starting with BTC/USD, ETH/USD, USDT/USD at launch with more to come.

 

Setting Sail in the Web3 Era in Hong Kong

The HashKey Exchange Grand Launch was successfully held today at the Maritime Museum Central, Hong Kong. Joseph Chan Ho-lim, JP, Undersecretary for Financial Services and the Treasury, Dr. Jimmy Chiang, Associate Director, InvestHK, Norman Chan Tak-lam, GBS, JP, Chairman, Hong Kong Web3 Association delivered their speeches, extending their congratulations to HashKey Exchange for its official launch and offering insights into the development of the Web3 industry in Hong Kong.

 

Dr. XIAO Feng, Chairman and CEO of HashKey Group, announced the official launch of HashKey Exchange and its retail trading services. Mr. LU Weiding, Chairman of Wanxiang Group, joined 10 distinguished guests in turning the symbolic "helm," marking the start of Hong Kong's Web3 era. Speeches were also delivered by Mr. Ronald Iu, CEO of ZA Bank, Mr. Thomas Crasti, Partner at PwC, and Mr. Sucheng Chang, Head of Aon Hong Kong.

 

Hong Kong's Licensed Retail Virtual Asset Exchange is Live Now

Livio Weng, COO of HashKey Group, unveiled the next-generation high-performance trading system, the "HEX Engine," supporting 5,000 transactions per second (TPS) to deliver a more stable, faster, and user-friendly trading experience. Weng also announced a comprehensive upgrade to institutional business solutions, offering robust API interfaces and enhanced account management features (including the Omnibus Account) to provide HashKey Brokerage and institutional clients with deeper trading liquidity and smoother experiences.

 

As a licensed entity under the Hong Kong Securities and Futures Commission, HashKey Exchange has devoted substantial resources to establish a native compliant product framework. Covering a comprehensive spectrum including user admission inspection, anti-money laundering (AML) inspection, transaction monitoring, and IP address monitoring, creating a complete regulatory closed-loop system. This system spans the entirety of internal operational processes, ensuring a robust compliance safeguard for investors.

 

HashKey Exchange Boasts 6 Key Features:

•              Fiat Currency Deposits and Withdrawals: In partnership with leading commercial banks, we offer USD/HKD fiat currency deposit and withdrawal services, allowing direct transfers between bank accounts and HashKey fiat accounts.

•              Fiat Trading Pairs: Providing retail customers with fiat trading pairs such as BTC/USD and ETH/USD, with plans to support additional fiat currencies and pairs, including HKD in the future.

•              Licensed Custody: Independent licensed custody system subject to regular inspections by the securities regulators. We hold a TCSP (Trust or Company Service Provider) license.

•              Cold and Hot Wallet Separation: 98% of digital assets are stored in cold wallets and 2% in hot wallets, ensuring the security of the majority of assets.

•              Asset Insurance: HashKey Exchange pioneers in the industry by introducing professional insurance institutions to provide insurance for client assets under custody.

•              Authoritative Auditing: The platform strictly adheres to regulatory requirements, undergoing audits and compliance checks by the Big 4 accounting firms, fully complies with various regulatory provisions, establishing itself as one of the most secure exchanges globally.

 

HashKey Exchange is currently operating 24/7, strictly adhering to the SFC's user registration and KYC requirements. The platform supports USD and HKD fiat deposits and withdrawals, offers trading pairs like BTC/USD, ETH/USD, and plans to introduce more virtual asset pairs following regulatory guidelines.

 

HashKey Exchange has officially launched a zero trading fee promotion, effective immediately, offering all customers zero commission trading on all transactions. 

 

 

About HashKey Exchange

On a mission to set the bar for virtual asset exchanges in compliance, safety, and security, Hash Blockchain Limited (HashKey Exchange) has been granted as the first batch of licensed virtual asset exchanges to offer retail services in Hong kong. HashKey Exchange has recently received approval from the Securities and Futures Commission (SFC) of Hong Kong to operate a virtual asset trading platform under Type 1 (Dealing in securities) licence and Type 7 (Providing automated trading services) licence. As HashKey Group's exchange business, HashKey Exchange provides all-in-one trading services for both professional investors (PI) and retail investors. HashKey Exchange has obtained ISO 27001 (Information Security) and ISO 27701 (Data Privacy) management system certifications.

 

Stay tuned for more details about HashKey Exchange.

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For media enquiries and more information, please contact:HashKey ExchangeLuna WangSenior PR Manager

 

About HashKey Group

HashKey Group is an end-to-end digital asset financial services group in Asia. The Group provides a complete ecosystem across the entire digital asset landscape, ranging from trading, custody, venture investment, technologies to Web3 infrastructure. HashKey’s senior team has decades of investment and trading experience and deep market insights gained from tier-one banks, regulators and FinTech ventures. By bringing together the most advanced blockchain research and development and technologies, HashKey identifies potential opportunities and delivers end-to-end solutions that operate within regulatory frameworks with the highest compliance standards. The Group has operations in Hong Kong, Singapore and Japan, and extensive partnerships with FinTech and blockchain solutions providers, academic institutions and associations.

 

Notes and Disclaimer 

Views, information and opinions expressed in this material are those of the individuals involved and do not necessarily represent that of the HashKey Group (including any of its affiliates). While we make every effort to ensure that the information we are sharing is accurate, we welcome any comments, suggestions, or correction of errors. 

This material should not be considered as an offer or solicitation to sell, buy or subscribe to any financial instruments or product, securities or any derivative instrument, or any other rights pertaining thereto. We are not acting as a financial adviser, consultant or fiduciary to you with respect to any information provided in this material.  We do not express any opinion or recommendation whatsoever as to any strategies, products or any other information presented in the materials.

Any decision made by a party after accessing to this material shall be on the basis of its own research and not be influenced or based on any view expressed in this material or otherwise. This material does not address all risks. This material does not constitute investment advice or a recommendation and has been prepared without regard to individual financial circumstances, objectives or particular needs of you. You should seek their own financial, tax, legal, regulatory and other advice regarding the appropriateness or otherwise of investing in any investments and/or pursuing any investment strategies. The HashKey Group does not express any opinion as to the present or future value or price of any instruments referred to in this material. 

By accessing this material, you acknowledge that the HashKey Group makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this material. The information, opinions, and recommendations presented in this material are for general information only and any reliance on the information provided in this material is done at your own risk. This material should not be considered professional advice. Moreover, the HashKey Group makes no warranty that this material, or the medium that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties. 

By accessing this material, you acknowledge that the entire contents and design of this material, are the property of the HashKey Group, or used by the HashKey Group with permission, and are protected under applicable copyright and trademark laws. Except as otherwise provided herein, users of this material may save and use information contained in this material only for personal or other non-commercial, educational purposes. No other use, including, without limitation, reproduction, retransmission or editing, of this material may be made without the prior written permission of the HashKey Group. 

Unless specifically stated otherwise, the HashKey Group does not endorse, approve, recommend, or certify any information, product, process, service, or organisation presented or mentioned in this material, and information from this material should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this material do not necessarily reflect the opinions, standards or policies of the HashKey Group. The HashKey Group assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this material or the compliance with applicable laws of such materials and/or links referenced herein. 

The HashKey Group expressly disclaims any and all liability or responsibility for any direct, indirect, incidental, special, consequential or other damages arising out of any individual’s use of, reference to, reliance on, or inability to use, this material or the information presented in this material.

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