ChainCatcher news, the on-chain staking and yield protocol HashPower has announced the completion of a $4 million strategic financing round, with participation from HashKey Group, FBG Capital, Hailstone Labs, and DePIN X Capital. This financing will accelerate HashPower's expansion of decentralized mining capabilities, optimize staking yields, and build digital asset and AI infrastructure.HashPower provides users with staking yields and infrastructure services through its globally distributed node network and user-friendly platform protocol. Previously, HashPower signed memorandums of understanding (MOU) worth $60 million with several projects, including Aethir, Multiple Network, XPIN Network, Planck Network, DI Foundation, Inferix, Bitcoin on Base, and Automata Network. The parties will engage in deep cooperation in areas such as ecological growth, joint research and development, and the deployment of decentralized mining, computing power, and AI infrastructure.

ChainCatcher news, Dr. Xiao Feng, Chairman and CEO of HashKey Group, recently stated in an article on HashKey Group's official WeChat account that "stablecoins will become the starting point of the second growth curve in the blockchain industry." He indicated that the United States is consolidating the global status of "tokenized dollars" through stablecoin legislation, shifting from "petrodollars" to "on-chain dollars," and emphasized that the legislation on stablecoins in the U.S. and Hong Kong has elevated the application of blockchain technology to a national-level technological competition, marking a turning point for the industry.He pointed out that "compliance is the boat, and long-term is the anchor" is HashKey's unwavering strategy, and firmly believes that "compliance + Web3" is the key to building a lasting ecosystem.

ChainCatcher news, HashKey Group's Chief Risk and Compliance Officer, Ru Haiyang, pointed out in an exclusive interview with Phoenix TV's "Asia Finance Perspective" that the Consensus conference and the recent series of Web3 events landing in Hong Kong are just the beginning. The choice of Hong Kong is based on common considerations—Hong Kong not only has a compliant and transparent regulatory environment but also possesses a rich market customer base and a partner ecosystem.In response to the virtual asset development roadmap released by the Hong Kong Securities and Futures Commission that day, Ru Haiyang analyzed that the 5 pillars and 12 initiatives of "A-S-P-I-Re" plan to anchor the direction for the development of the virtual asset industry in Hong Kong over the next three years. This includes opening staking services, attracting global liquidity, exploring derivatives trading and financing lending, adjusting the ratio of hot and cold wallets and insurance, and cross-departmental and cross-regulatory collaboration in innovative fields. Ru Haiyang stated that many contents in this roadmap stem from industry voices and feedback, and it is expected that at least three major initiatives will make substantial progress this year.

ChainCatcher news, HashKey Group released an "official statement regarding the appointment of Mr. Livio Weng," stating that HashKey Exchange CEO Livio Weng has formally submitted his resignation to the company several months ago due to personal family reasons.HashKey Group has completed the transition plan and obtained approval from the Hong Kong Securities and Futures Commission (SFC) for the personnel changes. Mr. Livio Weng will continue to serve until the end of this year to assist in completing all handover work.Mr. Livio Weng stated: "Over the past year, I have been fortunate to witness and participate in the development and growth of HashKey Group and HashKey Exchange. I feel incredibly proud to work alongside such an outstanding team to drive innovation and development in the industry. Due to personal family reasons, I will temporarily bid farewell to HashKey. I thank the company, the team, and industry partners for their continuous support and trust. I believe HashKey Group will continue to lead the industry forward and create brilliance in the future."HashKey Group CEO Xiao Feng stated that Mr. Weng's leadership has driven the construction and development of the exchange, laying the foundation for the group's steady growth in the Hong Kong crypto industry.Previous news, HashKey Group announced that all team token holders (including former employees) must strictly adhere to the token management policy, and employee departures will not trigger early or full unlocking.

ChainCatcher news, HashKey Group officially launches ModAI, an AI community operation service incubated by the group, specifically designed for the Web3 industry, integrating globally leading large language models. ModAI covers the latest real-time knowledge base in the Web3 and macroeconomic fields, supports personalized character customization, and significantly enhances the interactive experience, rivaling that of real people.As an innovative AI service aimed at the Web3 ecosystem, ModAI is designed to address the complex challenges in community operations, providing efficient and precise service support for industry practitioners. It has already established partnerships with three well-known project parties. By launching ModAI, HashKey Group once again demonstrates its innovative leadership in the digital asset and blockchain industry, promoting the continuous development of the Web3 ecosystem.

ChainCatcher news, HashKey Group released its third-quarter report, and the HashKey platform token HSK has partnered with over 40 top communities, with the first phase of HSK airdrops reaching 6.5 million active quality community users. The business development momentum of HashKey's licensed exchange continues to grow strongly. HashKey Global's contract open interest has reached 32 million USD, surpassing Coinbase International in global contract rankings. HashKey Exchange's trading volume exceeds 530 billion HKD, total assets exceed 5 billion HKD, and total registered users exceed 330,000.HashKey Group has actively prepared HashKey Chain in the third quarter, with public testing expected to start in the fourth quarter, inviting developers to participate actively and offering a rich incentive mechanism. HashKey Global aims to become the world's largest licensed contract exchange in the fourth quarter.

ChainCatcher news, the 21st Century Business Herald published an article titled "Central Ring Observation | Where is the Path for Hong Kong's Virtual Banks Amid Continuous Losses?" In the article, Livio Weng, Chief Operating Officer of HashKey Group, stated that the virtual asset trading services of various virtual banks have not yet launched and are still awaiting approval from the Hong Kong Monetary Authority. It is expected that the first virtual bank will be approved within the next quarter. In addition to virtual asset ETF trading, these banks also plan to expand their cryptocurrency product lines, including collaborating with virtual asset exchanges to provide users with direct purchasing and trading services for crypto assets.However, Livio Weng also pointed out that the development of Hong Kong's virtual banks in the field of virtual asset trading faces some challenges. The regulatory framework for virtual assets by the Hong Kong Monetary Authority is still being refined, so each virtual bank needs to closely monitor regulatory developments to ensure the compliance of their operations and transactions.

ChainCatcher news, HashKey Group's Chief Operating Officer Livio Weng stated in an interview with the 21st Century Business Herald that the virtual asset trading services of various virtual banks have not yet launched and are still awaiting approval from the Hong Kong Monetary Authority. It is expected that the first virtual bank will be approved within the next quarter.In addition to virtual asset ETF trading, these banks also plan to expand their cryptocurrency product lines, including collaborating with virtual asset exchanges to provide users with direct purchasing and trading services for crypto assets. Livio Weng also pointed out that the development of Hong Kong virtual banks in the field of virtual asset trading faces some challenges. The regulatory framework for virtual assets by the Hong Kong Monetary Authority is still being refined, so each virtual bank needs to closely monitor regulatory developments to ensure the compliance of their operations and transactions.

ChainCatcher News, May 31, 2024 - HashKey Exchange announced that it has successfully obtained the AMLO license from the Hong Kong Securities and Futures Commission (under the Anti-Money Laundering Ordinance for operating virtual asset trading platforms), marking HashKey Group as a fully licensed unicorn in the Hong Kong virtual asset space.HashKey's exchange entity, Hash Blockchain Limited, has obtained the Hong Kong Securities and Futures Commission's Type 1 and Type 7 licenses, allowing it to provide virtual asset trading services to professional investors and retail users.HashKey's HBS (Hong Kong) Limited has obtained the Hong Kong Securities and Futures Commission's Type 1 and Type 4 licenses, enabling it to provide securities trading services to professional investors and offer advice on securities trading and virtual assets, including services for the sale and distribution of security tokens.HashKey's HashKey Capital Limited has obtained the Hong Kong Securities and Futures Commission's Type 4 and Type 9 licenses, allowing it to manage 100% of virtual asset portfolios and provide virtual asset fund product services and consulting services for securities and virtual assets to retail users.As of now, members of HashKey Group have obtained all necessary 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 unicorn enterprise in virtual asset services.

ChainCatcher news, according to official sources, HashKey Group has joined the Hong Kong Monetary Authority's Ensemble project working group. HashKey Group will integrate its practical experience in virtual asset custody, trading, digital payments, STO technology solutions, and RWA asset tokenization to provide comprehensive Web3 new financial infrastructure support for the tokenization of financial assets, including bank deposits and green bonds.Dr. Xiao Feng, Chairman and CEO of HashKey Group, stated: "In the Web3 new economy, CBDC based on distributed ledger technology is essentially a digital form of cash, which can help traditional financial markets connect with the Web3 market. The HKMA's wCBDC project Ensemble focuses on practical use cases of tokenized deposits and tokenized asset trading, deeply exploring the value brought by the programmability of digital assets and instant settlement. In the future, we will explore a set of feasible standards and rules for the application of various digital assets in mainstream financing, payments, and settlement scenarios, which will benefit Hong Kong in building a more efficient and liquid economic system."

ChainCatcher news, the digital asset financial services group HashKey Group announced that it will jointly launch the "Bitcoin ETF Greening Public Welfare Program" with the Green Bitcoin Alliance (GreenBTC.Club), to green "light up" the Bitcoin blocks held by the Bosera HashKey Bitcoin ETF, achieving comprehensive carbon neutrality for the fund's holdings and promoting the sustainable development of the Bitcoin ecosystem.To commemorate the successful issuance of the Bosera HashKey Bitcoin ETF, HashKey Group will continuously purchase renewable energy certificates based on the holdings of the Bosera HashKey Bitcoin ETF, participating in the "greening" initiative in the name of investors collectively. A dedicated "Green Bitcoin ETF" area will be established on GreenBTC.Club to offset the carbon emissions generated by the historical energy consumption of global Bitcoin mining. Investors will have the opportunity to receive a unique NFT medal, which serves as a permanent on-chain record supporting Bitcoin's carbon neutrality and a green footprint for participating in public welfare carbon reduction.This public welfare program injects ESG concepts into the Bosera HashKey Bitcoin ETF, making fund holders green digital asset holders supporting ESG development. With the comprehensive carbon neutrality of fund holdings, custody, and trading shares, more people will participate in green finance, jointly promoting the sustainable growth of Bitcoin's value.It is reported that GreenBTC.Club is a community-driven global inclusive climate action network powered by DePIN, implementing the "tokenized green certificate asset protocol" based on Arkreen's on-chain issuance and on-chain consumption.

ChainCatcher news, according to The Block, the TON Foundation has partnered with HashKey Group to add fiat deposit and withdrawal channels for Telegram wallet users. Both parties stated that their partnership will also support the exploration of early projects in the TON ecosystem.

ChainCatcher news, according to a report by the newspaper, the digital asset financial services group Hashkey Group announced earlier this year that it has completed nearly $100 million in Series A financing. Chief Operating Officer Weng Xiaoqi revealed in an interview that to align with business development, they plan to conduct a new round of A+ or B financing this year. Investors have already been contacted and discussions are ongoing, but the financing amount has not yet been determined, though it may exceed the previous round.He stated that this year remains a rapid growth period for HashKey, and they will make significant investments, especially in global expansion. They do not expect to achieve profitability this year but hope to start attempting to achieve profitability next year, driven by the new global trading platform HashKey Global and the institutional business in Hong Kong. Regarding hiring additional staff, he admitted that HashKey will expand, but will not excessively grow before achieving large-scale profitability. The current number of employees is about 400, with plans to increase to no more than 600, mainly focusing on hiring core business staff, especially for HashKey Global. They will prioritize finding talent globally and will adopt a distributed office model to serve clients in different time zones.The local industry is actively preparing for virtual asset spot ETFs. Weng Xiaoqi expects that the industry will see a virtual asset spot ETF approved in the second quarter. Currently, HashKey is closely advancing cooperation with a dozen fund companies, among which several partners have submitted proposals to the Securities and Futures Commission, and they are still awaiting a response. They have completed 90% of the product functions developed in conjunction with partners, such as custody and settlement reports, and hope to become the fastest institution to provide products to partners. He noted that this year is a critical period for the development of the Hong Kong market, and they will strive to increase their market share.

ChainCatcher news, according to a report by the Hong Kong Economic Journal, HashKey Group's Chief Operating Officer, Ong Hsiao-Chi, stated in an interview that they have obtained a "comprehensive license for the Digital Asset Investor Protection System" in Bermuda. Today, they will launch the HashKey Global trading platform, which in its first phase will offer over 20 cryptocurrencies to eligible retail investors, with futures, staking, and other products expected to be launched within a quarter. He mentioned that he hopes the data and experience gained from operating these products will help facilitate the Hong Kong Securities and Futures Commission's approval process and promote the development of Hong Kong's regulatory framework.Ong Hsiao-Chi stated that the current Hong Kong platform, HashKey Exchange, has about 170,000 customers, and the estimated potential customer base interested but not compliant is four times that of existing customers. This potential cannot be realized through Hong Kong operations, hence the establishment of the HashKey Global platform, which allows direct trading using stablecoins like USDT and USDC. He explained that the two platforms have different positioning; the licensed HashKey Exchange focuses on Hong Kong and surrounding markets, as well as institutional clients, while HashKey Global serves retail investors who cannot access the Hong Kong market, excluding mainland China, Hong Kong, the United States, and countries that explicitly prohibit operating virtual asset platforms. The expected main customer base will be overseas Chinese and users from Southeast Asian countries.Looking ahead, Ong Hsiao-Chi candidly stated that HashKey will continue to operate its exchange business in a licensed manner and mentioned that two additional licenses are currently under discussion. In the next five years, they will focus on Hong Kong and emphasize the Asia-Pacific region, hoping to hold licenses in different regions globally and summarize operational experiences from various areas to form interactive relationships.

ChainCatcher news, Hashkey Group announced a partnership with global IP game operator Zhongyou Mobile (0302.HK) to jointly promote the development of Web3 games and gaming platforms. Zhongyou Mobile will focus on fully embracing Web3, leveraging its accumulated product and technical experience in the gaming field, and collaborating with Hashkey Group to promote Web3 games and their popularization. Zhongyou Mobile will open an account on HashKey Exchange to purchase virtual assets. In addition, Hashkey Group will provide institutional virtual asset custody services for Zhongyou Mobile.

ChainCatcher news, digital asset financial services group HashKey Group announced the completion of nearly $100 million in Series A financing with a pre-investment valuation of over $1.2 billion. This round of financing was supported by existing shareholders and also included new investors such as large institutional investors, Web3 organizations, and strategic partners. The funds will be used to deepen HashKey's full ecological layout in the virtual asset industry, accelerate the diversification of licensed business products in Hong Kong, and promote the group's compliant and innovative development globally.It is reported that HashKey Group's current core businesses also include HashKey Capital, a global asset management company specializing in investments in blockchain technology and digital assets; HashKey Cloud, a leading global provider of blockchain node verification services; HashKey Tokenization, a tokenization service provider; and HashKey NFT, a Web3 PFP incubation and community operation service provider, among others.