HashKey Holdings Cleared for HKEX Listing as BiyaPay Expands USDT-Based Crypto Stock Trading

In a pivotal regulatory milestone for Hong Kong’s crypto landscape, HashKey Holdings has cleared the HKEX hearing, with JPMorgan Chase and other sponsors on board. The development positions HashKey as a potential first Hong Kong-listed cryptocurrency stock, signaling deeper institutional engagement with digital assets.

Disclosures show a broad licensing footprint across multiple jurisdictions and robust custody infrastructure. The group reports a spot trading volume of over HKD 1.3 trillion and assets under custody near HKD 29 billion, underscoring scale and regulatory readiness for market access.

Analysts at BiyaPay say the listing could bolster sector sentiment. The platform already supports trading on U.S. and Hong Kong equities, plus futures via USDT, and expects post-listing integration to facilitate HashKey stock trading on BiyaPay.