OKX and HashKey are backing a new Vietnamese crypto exchange to help it meet the government's $380 million capital requirement for a pilot licensing program. The move aims to bring trading onshore and accelerate regulatory approval for domestic platforms.
HashKey Capital has secured $250 million in commitments for the initial close of its fourth crypto fund, underscoring continued institutional appetite despite market volatility.
HashKey Holdings, Hong Kong’s largest licensed crypto exchange, plans to raise about HK$1.6 billion (US$206 million) in a Hong Kong IPO after pricing shares at HK$6.68 each, a source said Monday.
HashKey Group, Hong Kong’s largest licensed cryptocurrency exchange, plans to raise up to HK$1.67 billion (US$214.66 million) in an initial public offering in the city, according to a prospectus filed on Tuesday. The move marks a high-profile attempt to tap public markets amid growing institutional interest in Asia’s crypto hubs.