Hong Kong Just Opened the Liquidity Floodgates: HashKey’s CaaS launch, Kraken tie‑up and a $500M IPO plan supercharge the city’s crypto reboot
Hong Kong’s securities regulator will allow licensed crypto exchanges to share global order books with overseas affiliates, aiming to boost liquidity, officials announced at FinTech Week. The SFC also expanded the scope for platforms to distribute more tokens and support digital securities. HashKey launched a new crypto service and filed confidentially for a Hong Kong IPO of up to $500 million. The city’s stablecoin licensing regime began August 1, 2025.
