Market News

Crypto Revolution in Hong Kong: HashKey Launches RWA Tokenization Platform

HashKey Group, Hong Kong's largest licensed crypto exchange, has introduced a groundbreaking Real-World Asset (RWA) tokenization platform.

This initiative follows its successful $215 million IPO on the Hong Kong Stock Exchange just two months prior.

The platform aims to facilitate the transformation of illiquid assets into globally tradable digital tokens, responding to the government's Digital Asset Development Policy.

Utilizing HashKey's Crypto-as-a-Service infrastructure, it ensures seamless integration and management of the token lifecycle through the ERC-3643 standard.

The platform caters to asset issuers wanting to tokenize their holdings and professional intermediaries needing blockchain services.

Dr. Xiao Feng, CEO of HashKey Group, emphasized that RWA is critical for the future of finance and highlighted Hong Kong's institutional advantages in this space.

With licenses across multiple jurisdictions, HashKey has gained significant interest from major investors like Fidelity and UBS, evidenced by a remarkable 394x oversubscription in its IPO.

The global market for tokenized RWAs has surpassed $36 billion, and HashKey is positioning itself as a regulated alternative to western competitors.

Hong Kong has already raised $1.28 billion through digital green bonds and will formalize RWA token issuance under its new regulatory framework.

As part of its commitment, HashKey will soon provide an RWA Issuance Service Manual to facilitate onboarding for new users.