HashKey Exchange, Shanghai Commercial Bank, and Visa have launched one of Asia’s first co-branded credit cards linking a licensed digital asset exchange with a traditional bank, bringing cryptocurrency rewards into everyday spending.
The Shanghai Commercial Bank HashKey Visa Signature Credit Card is available exclusively to HashKey Exchange users. Cardholders earn reward points on eligible purchases, which are automatically converted each month into HashKey HKD Cash Vouchers. Those vouchers can be used to buy cryptocurrencies on HashKey Exchange or pay trading-related fees.
During the promotional period, eligible users can receive up to 4% in crypto rewards and a welcome bonus worth as much as HK$1,200 in HashKey HKD Cash Vouchers, or HK$1,000 in spending credit. The card also features a built-in lighting effect that activates during contactless payments.
Shanghai Commercial Bank, HashKey Exchange and Visa Officially Launch One of Asia’s First Bank and Licensed Digital Asset Exchange Co-Branded Credit Cardshttps://t.co/xHYgKgd5nt
— HashKey Group (@HashKeyGroup) July 14, 2026
Card links everyday spending with crypto investing
The new Visa card runs on Visa’s global payment network, allowing users to make purchases anywhere Visa is accepted while collecting rewards that are credited directly to their digital asset accounts.
Unlike many crypto cards that offer rewards in a fixed token, HashKey says customers can use the vouchers to purchase their preferred cryptocurrency on the exchange. The companies said the product is intended to connect traditional banking with regulated digital asset services under Hong Kong’s compliance framework. The launch also builds on HashKey’s position as one of Hong Kong’s licensed retail virtual asset exchanges, operating under approvals from the Securities and Futures Commission.
Do crypto reward cards actually keep users?
Companies including Coinbase, Crypto.com, Binance, Gemini, and Nexo have all launched cards that reward spending with digital assets. Most attracted strong interest during bull markets, but many later reduced rewards or changed their programs as crypto prices fell and operating costs increased.
HashKey’s card takes a different route. Rather than paying rewards directly in crypto, it converts spending points into HKD vouchers that customers can use on its regulated exchange. That keeps the rewards tied to Hong Kong’s compliance framework while giving users the freedom to choose when, or whether, to buy digital assets.
The real test is whether that model proves more durable than earlier crypto card programs. If rewards remain attractive without constant revisions, regulated exchanges could turn payment cards into a steady source of new users instead of relying mainly on trading activity.
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