HashKey Group: 2024, everything is right now

"Providing trustworthy digital asset services to one billion users around the world" is the vision that HashKey Group has always adhered to.

How to achieve it?

Adhere to the path of being licensed, compliant, and regulated, and build a fully ecological Web3 financial infrastructure.

In the first half of 2024, the Bitcoin spot ETF was passed, opening up the compliance channel for traditional funds to invest in cryptocurrency; in the second half of the year, Trump won the election and started a global policy bull market, and the market focus gradually turned to innovation and competition within the compliance framework. The entire The crypto market is in a frenzy of breaking through ATH.

Today, we look back with you on the key moments related to HashKey in 2024. These moments are the epitome of the rapid and volatile development of the market projected onto an industry participant. When we look back, we are pleasantly surprised to find that it is leading us to see an opening door, a door leading to the "Golden Decade of Web3" .

January: "Financing" "Unicorn Enterprise"

In January, HashKey Group completed nearly US$100 million in Series A financing at a pre-money valuation of more than US$1.2 billion, joining the ranks of "unicorn companies."

This represents the financial market’s recognition of the compliance track of the cryptocurrency market.

April: "HashKey Global" "Global expansion"

In April, HashKey Global, an international licensed exchange that provides licensed virtual asset trading services, was granted a Class F license by the Bermuda Monetary Authority to go online. HashKey Group has officially entered the "dual flagship era" of licensed exchanges, and the pace of building the world's largest licensed exchange cluster has accelerated.

HashKey Global quickly achieved profitability within two months of its launch. In June, it ranked among the top 10 global exchanges on CoinGecko, becoming one of the fastest growing licensed exchanges in the world in 2024. As of December 5, HashKey Global has added 910,000 new registered users, and its daily trading volume has climbed to US$250 million. CoinGecko ranks 10th in the world[1].

**April: "HashKey Capital" "Hong Kong's first batch of virtual asset

spot ETFs"**

In April, Hong Kong officially approved the listing of six Bitcoin and Ethereum spot ETFs on the Hong Kong Stock Exchange. Among them, HashKey Capital teamed up with Boshi Fund to launch Boshi HashKey Bitcoin ETF (3008.HK) and HashKey Ethereum ETF (3009.HK), and innovatively introduced the world's first "coin holding" redemption mechanism, opening up the traditional A channel for compliant funds to enter the crypto market. On July 4, 2024, the total size of the two ETFs exceeded US$110 million, ranking first in Asia.

During the year, HashKey Capital cooperated with FTSE Russell to release three major digital asset indexes including the FTSE Digital Asset 20 Index, FTSE Digital Asset Infrastructure Index, and FTSE Digital Asset Application Index to meet the needs of institutions for this new asset class. The requirements for investment and regulatory integrity allow investors to understand the value changes in the digital asset market in real time.

As the world's leading institutional asset management company, HashKey Capital will manage more than US$1 billion in funds in 2024. The invested companies cover multiple tracks such as institutional services, infrastructure, data, AI, consumer services and technology, and have won the The "Singapore SME500 Award" awarded by the Singapore Trade and Commerce Association.

May: "Compliance" "Hong Kong Full License Unicorn"

In May, HashKey Exchange ("Hash Blockchain Limited") obtained the operating virtual asset trading platform (AMLO license) under the Anti-Money Laundering Ordinance in Hong Kong. Against this background, HashKey Exchange has obtained No. 1, 7 and AMLO licenses from the Hong Kong Securities and Futures Commission. Licenses, members of HashKey Group have also obtained all required licenses from the Hong Kong Securities and Futures Commission to provide virtual asset-related services in Hong Kong according to their respective business needs, becoming a fully licensed virtual asset service unicorn enterprise.

At present, HashKey Group has obtained relevant licenses to engage in virtual asset services in Hong Kong, Japan, Singapore, Bermuda and other places, and will continue to promote the application for licenses in Europe and the Middle East.

" Global License" makes it possible for HashKey to serve 1 billion users.

June: "HashKey Cloud" "Asia Top3" "STO" "Node Verification"

In June, as the technical cornerstone of HashKey Group, HashKey Cloud successfully ranked among Asia's Top 3 and the world's Top 10 node verification service providers in 2024.

As of now, HashKey Cloud node verification covers more than 80 mainstream public chains, and will add support for 35 public chains and protocols in 2024. The total asset management scale (AUM) of node verification exceeds 3.8 billion USDT.

During the year, HashKey Cloud launched STO infrastructure products for scenarios such as equity token financing and fund tokenization to serve customers with demand for token products. It is expected that in the near future, projects such as fund tokenization and equity token financing will make significant progress, which will promote the compliance process and market structure optimization of digital assets.

July: "HashKey Exchange" "Hong Kong's largest" "Stablecoin"*

In July, a number of Hong Kong's leading securities firms were upgraded to the No. 1 license plate. During the year, HashKey Exchange, as one of the first virtual asset exchanges in Hong Kong that can cater to retail users, launched HashKey Pro, an institutional-level professional comprehensive service, to help more than ten securities firms, banks and other technology and financial institutions, including Zhongan Bank and Victory Securities, achieve their goals. Quickly integrate professional and reliable virtual asset trading functions, and so far, a total of more than HK$5 billion in transactions have been completed.

In 2024, HashKey Exchange will add two tradable currencies, AVAX and LINK, to retail investors, and provide 25 tradable currencies to professional investors (PI users), providing investors with a variety of virtual asset investment options. With its significant market leadership, HashKey Exchange's asset management scale exceeded HK$10 billion in November, and its cumulative transaction volume reached HK$580 billion, firmly ranking as the largest cryptocurrency exchange in Hong Kong[2].

HashKey Exchange has also joined hands with Yuanbi Technology, which has entered the Hong Kong Monetary Authority’s stablecoin issuer sandbox, to promote the issuance of the Hong Kong dollar-pegged stablecoin HKDR in the future. We believe that the stablecoin market will experience exponential growth in the future, and the application of stablecoins in cross-border payment scenarios will become the main scenario for many countries to take the lead in exploring large-scale compliance adoption of cryptocurrency.

With its outstanding business performance, HashKey Exchange was selected into the top 20 of Forbes' "The World's Most Trustworthy Crypto Exchanges And Marketplaces", becoming the only exchange in Hong Kong on the list.

July: "Big Golden Dog", "Ten Million Airdrops" and "Hash Pass"

In July, HashKey Group’s ecological currency HSK launched its first round of airdrops. The explosion of Telegram and TON ecology is one of the most noteworthy directions for the entire encryption industry in 2024. HashKey accurately grasps the market flow and launches the first Telegram Tap-to-Earn "Big Golden Dog" game in the on-chain wallet Hash Pass as the first round airdrop channel for HSK. Up to now, "Big Golden Dog" has formed a community with more than 10 million active users.

August: "HashKey OTC" "Singapore"

In August, HashKey OTC’s major payment institution license was officially approved by the Monetary Authority of Singapore to provide customers with regulated digital payment token (“DPT”) trading services. Currently, HashKey OTC trading volume exceeds 5 billion US dollars.

August: "HashKey Tokenisation" "RWA"

In August, HashKey Group announced that as a member of the Hong Kong Monetary Authority’s Ensemble project architecture working group, it will tokenize and trade real-world assets (RWA) including carbon credits, green assets and money market funds in the project sandbox. Explore, HashKey Tokenisation is deeply involved.

As the tokenization service organization of HashKey Group, HashKey Tokenisation tokenizes high-quality assets, creates liquidity for Web2 and Web3 projects at all stages, and provides unique assets for compliant exchanges. It can become a link between the real economy and support innovative technology. and a bridge to assist the construction of financial markets. With strong research capabilities, the financial book "Digital Assets: Innovation, Risk and Supervision" written by his team won the "Golden Sheep Award", China's highest financial book award, in 2024. During the year, HashKey Tokenisation also promoted the establishment of the "Open Source Alliance" to promote the application and development of open source ideas in the field of general artificial intelligence (AGI).

November: "HSK" "Ecological Coin"

In November, after a long period of hard work, HashKey Group launched the “ecological currency” HSK on a number of leading exchanges including HashKey Global. HSK can be used in a wide range of scenarios such as transaction fee discounts within the HashKey ecosystem, exclusive token pre-emption rights, node verification rewards, etc., and serves as the native token and gas token of the HashKey Chain. HSK holders will enjoy the governance and decision-making rights of HashKey Chain.

Adhering to long-termism, HSK has set a linear unlocking period of up to 4 years and will always insist on distributing it to real community co-builders.

As the value capturer of the entire HashKey Group ecosystem, as of December 27, HSK rose to a maximum of $2.56, with a maximum increase of 257.3% in 30 days[3]

The market 's recognition of HSK allows us to truly see the power of "ecology".

December: "HashKey Chain" "Compliance Chain Infrastructure"

HashKey Exchange, HashKey Global, HashKey Capital, HashKey Cloud, these are the fundamentals of HashKey Group, but this is still not enough. What HashKey Group needs to build is a Web3 financial infrastructure that fully connects the on-chain and off-chain. What this requires is an open, decentralized financial system that is accessible to everyone globally.

On December 18, 2024, HashKey Group launched HashKey Chain, a "compliance-friendly" on-chain financial infrastructure L2 public chain, to provide global users with a faster, lower-cost full-stack on-chain Web3 solution, and more It provides multi-dimensional and multi-level compliance-friendly on-chain infrastructure for the on-chain deployment of traditional financial products.

The launch of HashKey Chain also connects all HashKey ecology in series, forming a powerful system that can promote and empower each other and can collaborate on a large scale.

**2024: "Everything is right now" 2025: Entering the "Golden Decade of

Web3"**

In 2024, we see that licensed exchanges, ETFs, RWAs, STOs, and stablecoins are promoting the deep integration of the on-chain and off-chain financial markets. The compliant and fully ecological Web3 infrastructure built by HashKey Group is becoming a bridge connecting traditional finance and encrypted finance through these innovative financial tools, bringing us to the door of the "Golden Decade of Web3".

In the next ten years, "providing trustworthy digital asset services to one billion users around the world" will not be out of reach.

Fortunately, in 2024, "everything is right."

[1] As of December 5, 2024, HashKey Global ranked 10th in the CoinGecko global exchange rankings

[2] As of December 27, 2024, HashKey Exchange ranked 7th in the CoinGecko global exchange rankings and was the highest-ranked Hong Kong licensed virtual asset exchange.

[3] As of December 27, 2024, GoinGecko data shows that HSK has risen to a maximum of $2.56

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