The wave of compliance in exchanges has become a major trend, and mainstream exchanges will soon start reviewing the sources of funds.

The passage of the stablecoin bill also marks that cryptocurrencies are transitioning from a wild exploration phase to a value realization phase, and an unstoppable tide of integration with mainstream finance is underway.

Today, let's take a closer look at the various business components of HashKey Group, interpreting its industry advantages from five core dimensions:

🛡️1. Compliance barriers: Licensed operations build a "system moat"

● Full license coverage and penetration regulation

- HashKey Exchange holds a Type 1 (Securities Trading) and Type 7 (Automated Trading Services) license issued by the Hong Kong Securities and Futures Commission, as well as a virtual asset trading platform license. It is one of the first compliant platforms in Hong Kong to support retail user trading. It undergoes monthly penetration audits by the SFC to ensure asset segregation and full KYC/AML compliance, making it one of the very few exchanges globally to meet traditional financial regulatory requirements.

💱II. Stablecoin Hub: From Fiat Gateway to Cross-Border Financial Infrastructure

●First-mover advantage under new stablecoin regulations

- After the implementation of the Hong Kong "Stablecoin Regulation", HashKey serves as a "bi-directional connector", exclusively opening up a compliant exchange channel for "retail stablecoins - fiat currencies". Through a dual verification mechanism of "fund source - purpose", it provides a closed loop for cross-border trade in the mainland: "Receive USDT overseas → Exchange for HKD in Hong Kong → Settle domestically", with a fee of only 0.03% and a 70% increase in efficiency.

●Stablecoin ecological strategy positioning

- Investment Layout: The group invests in stablecoin issuer "Yuan Coin Technology" and collaborates with JD on stablecoins, soon launching a no-loss exchange service for multiple stablecoins;

- Policy Adaptation: In response to the new "dual-track system" (100% reserve for retail stablecoins + non-approved coins limited to professional investors), HashKey has become the only licensed platform supporting retail trading of compliant stablecoins.

● Empowering the internationalization of the Renminbi

- Xiao Feng proposed the "three-stage path" for the RMB stablecoin:

Offshore issuance in Hong Kong → Pilot in Hainan Free Trade Zone → Onshore promotion, and design a "CBDC-stablecoin dual-layer architecture" to constrain capital flow through smart contracts (such as limiting usage areas and repatriation deadlines), providing a compliance technical model for the internationalization of the Renminbi.

🚀 3. Institutional-Level Services: Addressing the Pain Points of Bulk Transactions and Asset Security

●Over-the-counter large-scale transactions (OPT) explosive growth

- In Q1 2025, the OPT trading volume increased by over 400% year-on-year, with a daily trading volume surpassing 100 million USD, aggregating over 20 global liquidity providers, reducing large trade slippage from 1.5%-3% to nearly zero;

- Achieve 98% asset cold storage + 50% cold wallet insurance coverage (underwritten by Aon for $500 million) through the combination of "Flash Exchange + Bulk Special Panel", building a security system of "On-chain Traceability + Bank-level Custody".

● Direct fiat channel connected to banks

Cooperate with Standard Chartered Bank, ZA Bank, etc., to support one-stop HKD/USD deposits and withdrawals, avoiding the freezing risks of traditional P2P channels, and improving the efficiency of institutional fund circulation by 3 times.

🌏 4. Global Compliance Network: Driven by Offshore + Onshore Dual Engines

HashKey adopts the "Hong Kong headquarters + offshore international station" model:

- Hong Kong Station: Deeply cultivate the local Compliance market, connecting traditional financial platforms such as Futu Securities and Tiger Brokers, achieving seamless flow of stock and currency funds;

- HashKey Global: Holds a Bermuda license, supports Euro deposits/Asian withdrawals, and is applying for Middle East VARA and European MiCA licenses, aiming to establish a "single platform global liquidity pool."

In the next three years, the market share of compliant exchanges is expected to exceed 50%, with HashKey positioning itself as the "Eastern Coinbase," covering 90% of the mainstream financial markets with its license matrix.

⚙️ 5. Innovation Empowerment: Value Capture of RWA and Ecological Token $HSK

1. Tokenization of Real-World Assets (RWA)

Based on the self-developed Ethereum L2 HashKey Chain, we launched on-chain RWA products that connect traditional assets with the blockchain, attracting institutional investors from outside the crypto circle.

2. The compliance bonus of the platform token $HSK

- As the first licensed exchange ecosystem token, $HSK has scenarios such as fee discounts, cross-ecosystem circulation, and Gas fees, linked to group profits (up to 20% buyback and burn);

- Relying on a managed asset scale of HKD 5.5 billion and a trading volume of HKD 530 billion, $HSK has become the value carrier of the "Compliance leader coin."

💎 Summary: Compliance is competitiveness, defining a new paradigm for the industry.

As most platforms are still dealing with regulatory impacts, HashKey leverages its first-mover advantage to convert compliance costs into trust assets:

✅ For institutions: Provide a "traditional financial-like" security anchor to solve the pain points of black U, custody, and fiat channels;

✅ For retail investors: Lower the participation threshold through stablecoin inclusive finance (such as account-free payments in Africa);

✅ For the industry: Promote the Hong Kong model of "regulation-innovation" balance to become a global benchmark.

As stablecoins and RWAs accelerate the entry of traditional capital, HashKey's compliance infrastructure and cross-border hub role will lead the transition of the Asian crypto market from the "gray area" to the "value channel."

PS: I am still one of the first batch of peripheral users on HashKey.