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ETH $1,560.79 -1.47%
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SOL $62.06 -3.00%
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DOGE $0.0816 +0.62%
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BCH $217.56 +1.35%
LINK $7.38 +1.78%
HYPE $58.32 +1.40%
AAVE $60.36 -2.61%
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XLM $0.2095 +12.09%
ZEC $358.61 +9.57%

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first_img HashKey Exchange Group CEO Ru Haiyang: Traditional payment institutions have recognized that the trend of blockchain is irreversible, and the integration of global compliant exchanges is accelerating

ChainCatcher reported live that Ru Haiyang, CEO of HashKey Exchange Group, delivered a keynote speech at the 2026 Hong Kong Web3 Carnival, focusing on three key themes: RWA, payments, and Asian connectivity. He announced that HashKey Exchange officially launched Hong Kong's first physical gold ETF that day, fully compliant with trading and custody regulations in Hong Kong. He also revealed that HashKey has received approval from the Hong Kong Monetary Authority to jointly issue Asia's first true co-branded credit card with Shanghai Commercial Bank.Regarding industry trends, he pointed out that DTCC has received a no-action letter from the U.S. SEC to intervene in the custody and settlement of tokenized assets, Kraken has become the first cryptocurrency institution to connect to the Federal Reserve's FedWire, and Mastercard has acquired the UK blockchain payment company BVNK at an $1.8 billion valuation, indicating that traditional payment institutions have recognized the irreversible trend.In terms of expansion in Asia, he announced that HashKey officially announced its investment in the Vietnamese market on April 10, planning to jointly invest in VPBank, one of Vietnam's largest commercial banks, to help it become one of the first licensed exchanges. HashKey has also signed memorandums of understanding with leading Asian institutions such as Coins.ph in the Philippines, Indodex in Indonesia, Hata in Malaysia, and Bitazza in Thailand to explore cooperation in liquidity integration, cross-border payments, stablecoins, and asset tokenization distribution.

Hong Kong Securities and Futures Commission: The total market value of 11 virtual asset ETFs has exceeded HKD 5.4 billion, and the scale of recognized tokenized funds has reached HKD 8.66 billion

The Hong Kong Securities and Futures Commission released the Q4 2025 report, which pointed out that the Hong Kong Securities and Futures Commission has officially become a member of the Hong Kong Police Force's Virtual Assets Intelligence Working Group, with strategic innovation promoting the continuous growth of Hong Kong's listed and digital asset markets.In terms of digital assets, the Hong Kong Securities and Futures Commission recognized that the asset management scale of tokenized retail money funds has grown to HKD 8.66 billion (USD 1.11 billion) since its launch in 2025, with a quarterly increase of 14% as of last December; additionally, since the launch of Asian virtual asset spot exchange-traded funds in the market in 2024, a total of 11 such ETFs have been listed in Hong Kong, with a total market value increasing by 142% to over HKD 5.4 billion (USD 702 million) since their listing. As of last December, the total market value of ETFs and leveraged and inverse products recognized by the Hong Kong Securities and Futures Commission surged by 33.7% year-on-year to HKD 618.7 billion.Furthermore, the net inflow of funds for funds registered in Hong Kong surged by 118.5% year-on-year to HKD 356.7 billion in 2025. As of last December, the assets under management of these funds grew by 38.3% year-on-year to HKD 22.8 trillion, while the total number of funds increased by 9.1% year-on-year to 1,041.
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