Hong Kong-based Crypto Firm Hashkey has launched a new initiative to evaluate cryptocurrency and exchanges to enhance market transparency and compliance.
Cryptocurrency Trading Group Hashkey announced a new initiative to evaluate cryptocurrency and crypto exchanges in Hong Kong, helping local crypto companies align with the regulatory framework for virtual assets issued by the Securities and Futures Commission.
In an X post on Thursday, March 27th, Hashkey said it has partnered with a Hong Kong virtual asset valuation company that provides three key services: Virtual Asset Ratings, Exchange Ratings and Virtual Asset Indices.
According to Hashkey, the initiative aims to create an “industrial valuation ecosystem” that provides “objective quantitative standards” for both exchanges and investors. The goal is to enhance market transparency and create compliance benchmarks. This could help strengthen Hong Kong’s role as a global virtual asset hub. For each hash key, the rating provides risk metrics to help investors make more informed decisions.
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In early February, Hong Kong’s Securities and Futures Commission proposed an increase in staff with a special focus on surveillance of virtual asset trading platforms, improving market surveillance and strengthening enforcement. With its budget plan for the 2025-26 fiscal year, SFC is seeking 15 new hires, eight of which will focus on virtual asset regulations.
Hashkey secured a $30 million investment from Beijing-based Gaorong Ventures, valued the company at $1.5 billion. The investment came shortly after the group’s investment arm, Hashkey Capital, was approved by SFC to manage crypto investment products for wealthy clients.
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