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Key Points: HashKey Holdings enters the market with leadership emphasizing compliant operations. Shares open at HK$6.70, showing a tepid market response. Asia’s first digital asset IPO amid broader market uncertainties. HashKey Holdings (3887.HK) debuted on the Hong Kong Stock Exchange December 17, 2025, with shares peaking at HK$7.12, amid cautious investor sentiment in the cryptocurrency sector. The listing underscores growing acceptance of regulated digital asset platforms, reflected in HashKey’s modest opening performance, signaling investor caution against a backdrop of broader market uncertainties. HashKey’s Groundbreaking IPO: Asia’s First for Digital Assets HashKey Holdings, marked by the opening of their shares at HK$6.70 on the Hong Kong Stock Exchange, positioned themselves as the largest onshore digital asset platform across Asia. CEO Xiao Feng, striking a ceremonial gong, reinforced the group’s adherence to a compliant path, asserting long-term sustainability. The immediate market response was subdued, reflecting broader market caution despite HashKey’s significant standing. Proceeds from the IPO are earmarked for product development and branding, signaling a strategic growth phase for the company. Xiao Feng stated, “Today’s successful trading on the Hong Kong stock exchange proves that taking a compliant route can also lead to success.” These remarks underscore a commitment to regulatory pathways as a competitive advantage. Historical Context and Ethereum’s Market Performance Did you know? HashKey Holdings’ listing as the first crypto-native IPO on the Hong Kong Stock Exchange is a significant milestone, aligning with their strategy to cultivate longevity through compliance. Ethereum (ETH) held a price of $2,946.67 with a market cap of $355.65 billion, according to CoinMarketCap. Despite a decrease in trading volume by 21.68% over the past 24 hours, its price rose by 1.43% within the same period. However, ETH saw notable declines over the last 60 and 90 days. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 02:12 UTC…

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Filed under: News - @ December 17, 2025 2:27 am