HashKey Exchange Sets HK$1.6B (US$206M) Hong Kong IPO at HK$6.68

SoftBank-backed PayPay is preparing a Nasdaq listing and aims to raise about $1.1 billion while pursuing a valuation above $10 billion. The payments firm’s roughly 40% stake in Binance Japan underscores its crypto-linked footprint.

The HKMA and mainland Chinese regulators announced a cross-border blockchain platform to link cargo logistics data with electronic bills of lading, aiming to cut paperwork and friction in trade finance. The move signals stronger regulatory coordination to integrate Chinese supply chains with global markets.

Hong Kong’s 2026–27 Budget proposes mandatory licensing for crypto dealers and custodians and updates to tax rules for digital-asset activities. The measures aim to strengthen oversight and clarify obligations for individuals and institutions.

President Bola Tinubu has launched a regulatory framework establishing the Virtual Asset Regulatory Council (VARC) to oversee Nigeria's digital asset market. The aim is to bring more supervision, clarity, and investor protection to a fast-growing sector.

Figure has issued FGRD as an on‑chain native representation of its common shares in an upsized $150M offering, promising instant settlement and integrated lending. The offering was reportedly increased after strong demand.