HashKey has launched a new initiative to rate cryptocurrencies and exchanges in Hong Kong in cooperation with the Hong Kong Virtual Asset Rating Company.
This initiative is designed to aid local crypto businesses in meeting the Securities and Futures Commission’s regulatory requirements, highlighting the importance of compliance and transparency in the digital asset sector. The partnership will offer three main services: virtual asset ratings, exchange ratings, and virtual asset indices, providing structured evaluations to benefit market participants and regulators.
The initiative seeks to establish an “industry evaluation ecosystem” with “objective quantitative standards” for exchanges and investors. The company aims to solidify Hong Kong’s leading global virtual asset hub role by enhancing market transparency and setting compliance benchmarks. Additionally, the ratings will serve as crucial risk indicators, helping investors make more informed decisions in an increasingly complex crypto market.
This focus on regulation and oversight aligns with broader efforts by Hong Kong’s SFC to strengthen its monitoring of virtual asset trading platforms. In February, the SFC proposed expanding its workforce to improve market surveillance and ramp enforcement efforts. As part of its 2025–26 financial year budget plan, the regulator aims to hire 15 new employees, with eight explicitly dedicated to virtual asset regulation.
Meanwhile, HashKey continues to gain momentum in the industry. The company recently secured a $30 million investment from Beijing-based Gaorong Ventures, pushing its valuation to $1.5 billion. This funding came on the heels of a significant milestone for HashKey Capital, the group’s investment arm, which received approval from the SFC to manage crypto investment products for high-net-worth clients.
Further strengthening its market position, HashKey Exchange has announced a strategic partnership with B2C2, a global leader in institutional liquidity for digital assets. This collaboration aims to enhance market efficiency by integrating multi-currency fiat trading networks, reinforcing Hong Kong’s status as a premier hub for regulated virtual asset trading.
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