Hashkey · 1012

HashKey Global: HSK price breaks above $0.1094, 24-hour increase of 21.15%

Comparative news, according to HashKey Global quotes, the HSK price surpassed $0.1094, up 21.15% in 24 hours. HashKey Global is a global flagship virtual asset exchange under the HashKey Group, providing licensed virtual asset trading services to users around the world. HashKey Global has obtained a full license for the digital asset investor protection system issued by the Bermuda Monetary Authority (BMA) to provide mainstream trading and service products such as LaunchPool, contracts, and leverage.

1d ago

Fixed-rate lending agreement TermMax will conduct TGE on August 25

Comparatively, fixed-rate lending and revolving strategy protocol TermMax announced that the Token Generation Event (TGE) for its governance and utility token TMX is scheduled to be held on August 25, 2026. According to official reports, TermMax currently has more than 90 million US dollars in TVL, more than 1.5 million registered wallets, and more than 90,000 daily active users. It has been deployed on 10 EVM chains including Ethereum, BNB Chain, Arbitrum, Base, and Berachain, and integrated with Morpho, Aave, Venus, Pendle, etc. The total number of tokens is fixed at 1 billion, and rewards obtained through XP, AP, and MP will be claimed after TGE. Details of distribution, lock-up, and staking will be announced in advance. Previously. TermMax is supported by Cumberland DRW, Decima Fund, HashKey Capital, Longling Capital, and MZ Web3 Fund.

8d ago
HKD stablecoin “big retreat”: 36 applicants, only 2 left

HKD stablecoin “big retreat”: 36 applicants, only 2 left

Source: Foresight News Author: Joe Zhou Original title: The Hong Kong Dollar Stablecoin “Great Retreat” is strategically negative and tactically aggressive. The participants in the HKD stablecoin are waiting for a reason to get them excited. “We are not optimistic about the HKD stablecoin.” An industry insider close to the regulatory level said bluntly to the author, “Being optimistic about stablecoins does not mean being optimistic about Hong Kong dollar stablecoins — these are two completely different things.” He paused and added: “Let the least willing and least motivated institutions dominate the Hong Kong dollar stablecoin and marginalize the most motivated and thoughtful institutions. How can this be done?” This is not personal prejudice. I learned from many participants in the Hong Kong stablecoin business that the ownership of the first two Hong Kong dollar stablecoin licenses already reflects the embarrassment of “passive defense” supervision: Standard Chartered Bank-led Anchoring Fintech Co., Ltd. took the initiative, while the other licensed institution “didn't want to do it at all” — this is already an open secret in the community. At the same time, companies with strong intentions to explore the Hong Kong dollar stablecoin scenario, such as Ant Group, JD Technology, and Yuancoin Technology, have failed to actually enter the market or have no core dominance. “Engaged, but not optimistic.” Two people from different institutions, both close to the Hong Kong stablecoin business, spoke almost in unison. Currently, the situation of Hong Kong dollar stablecoins is showing three subtle patterns: one type of institution is optimistic about the stablecoin circuit but has reservations about the Hong Kong dollar stablecoin, but they have to “take their place”; another type of institution is not enthusiastic about stablecoins and is being forced to enter the market by regulation; there is also a category of institutions that have the will, resources, and scenarios, but are turned away because of their status. This misalignment is the most realistic footnote to the Hong Kong dollar stablecoin's “Great Retreat”. One license, two attitudes, three positive reactions for Standard Chartered, negative for HSBC — one license, two attitudes. In September 2025, 36 institutions flocked to apply for a HKD stablecoin license, which was very exciting. Nearly a year has passed, and today in August 2026, few people have taken the initiative to mention the Hong Kong dollar stablecoin. The hustle and bustle has receded, and there are only two real players left: Standard Chartered and HSBC. A brand-new business model was eventually completely handed over to organizations that are mainly engaged in traditional business models. Market sentiment is as cold as ice. “Everyone in the community knows that HSBC is not active.” Two people from different Hong Kong licensed crypto exchanges invariably told the author. On 10 April 2026, the HKMA issued the first batch of two HKD stablecoin licenses to Anchorage Financial Technology Co., Ltd. (Standard Chartered Bank (Hong Kong), Hong Kong Telecom and Animoca Brands) and Hong Kong Shanghai Banking Corporation Limited. However, according to industry sources, the two institutions have very different attitudes towards stablecoins. Standard Chartered has shown some initiative and has begun to lay out a global stablecoin strategy. On July 2, 2026, Standard Chartered and USDC issuer Circle jointly announced the launch of an institutional-grade USDC one-stop access service. On August 12, 2026, Anchorage Financial launched the first phase of the Hong Kong dollar stablecoin HKDAP. Currently, it is only open to institutional distributors and professional investors such as HashKey and OSL, and plans to expand to retail users as early as the end of 2026 depending on market conditions. HSBC is a different story. “HSBC is passive; they only do it when they are pointed at their nose.” An industry insider spoke bluntly to the author. Compared with Standard Chartered's aggressive promotion, HSBC's Hong Kong dollar stablecoin program is clearly behind schedule until the second half of 2026. Behind this delay is HSBC's careful consideration of the stablecoin business based on real interests. “HSBC is more inclined to implement tokenized deposits rather than stablecoins.” A person close to HSBC revealed. The root cause is that stablecoins directly conflict with HSBC's main business. According to the data, about 85% of HSBC's payment business revenue comes from net interest income based on deposits, and the payments business itself accounted for about 22% of its total revenue in 2025. HSBC's core business model is to absorb low-cost deposits and earn interest spreads through loans and investments — and stablecoin issuance just diverts bank deposits and shakes its foundation. What's more, the business of issuing compliant stablecoins itself is far from being “profiteering”: revenue is highly dependent on the interest rate environment, yet profits are being encroached upon by various channels such as issuance, hosting, and distribution. For HSBC, which has deposit and loan spreads as the core and holds a large number of customer deposits, active all in stablecoins not only erodes its deposit base, but also does not earn significant profits, and lacks internal commercial driving force. In addition to Standard Chartered and HSBC, the reaction of 13 licensed crypto exchanges to the Hong Kong dollar stablecoin was also mixed...

8d ago22#Hong Kong dollar stablecoin

HSK Chain sponsors and supports the EAG Hackathon series in Australia, Africa, and Latin America to help build a global developer ecosystem

Comparatively, according to official news, HSK Chain announced that it is sponsoring and supporting the 2026 Global Builders Initiative Global Developer Growth Plan initiated by the Ethereum Applications Guild (EAG) to jointly promote the construction of a global developer ecosystem and innovation in Ethereum applications. The event expanded the competition to the three emerging Web3 markets of Australia, Africa, and Latin America, and became an important step in HSK Chain's global ecological layout. The event will be held from August 19 to September 29, 2026, covering the six major regional developer communities in Brazil, Nigeria, Colombia, Kenya, Bolivia, and Sydney, Australia. The competition will be held in the form of an online development course+regional hackathon hackathon+offline demo day. It is expected to attract more than 1,000 Web3 developers from around the world to participate and push hundreds of innovative projects into the incubation process. As a tournament sponsor, HSK Chain will simultaneously set up independent tracks at six major sites and provide a total prize pool of 10,000 USDT, focusing on supporting innovative applications in the fields of AI Agent, DeFi, stablecoin payments, and RWA (real world assets). HSK Chain will provide technical support, mainnet deployment services, and Demo Day roadshow opportunities for participating teams. Outstanding projects will also have the opportunity to further connect with official grant programs and ecological incubation resources. EAG (Ethereum Applications Guild) is a global non-profit developer organization jointly initiated by Dr. Xiao Feng, Chairman and CEO of HashKey Group, and Vitalik Buterin, co-founder of Ethereum during Token 2049 in 2025 to promote the transformation of the Ethereum ecosystem from infrastructure construction to application innovation.

10d ago

HashKey Cloud and Cactus Custody reached a strategic partnership to create a one-stop institutional staking service

In comparison, HashKey Cloud, the world's leading Web3 infrastructure service provider, has reached a strategic partnership with Cactus Custody, a third-party institutional digital asset custodian service provider. The two sides will deeply combine Cactus Custody's secure escrow capabilities with HashKey Cloud's pledge infrastructure advantages to work together to create a secure and efficient one-stop institutional-level pledge service for global institutional clients. The two sides will hold a strategic cooperation signing ceremony at HashKey's Hong Kong headquarters on August 27. At that time, they will invite ecological partners such as Babylon, Stacks, Solana, and Lido to witness and conduct in-depth discussions on institutional staking and multi-chain earnings. This collaboration focuses on the growing demand for digital asset revenue from institutions. Based on the concept of non-trusteeship management, institutional clients can participate in pledging on the premise of retaining control over assets; at the same time, the forfeiture risk guarantee mechanism jointly designed by both parties can effectively hedge against on-chain punishment risks, so that both safety and benefits can be achieved. The cooperation will open up a full link of services from asset escrow to on-chain staking, cover core scenarios such as BTC staking and multi-chain ecosystem benefits, provide end-to-end one-stop pledge solutions for institutional investors, funds, CEX and Web3 companies, and further guarantee asset safety with strict risk control standards and operational transparency. The conclusion of this strategic partnership marks an important step for HashKey Cloud and Cactus Custody in exploring the construction of a safe and efficient institutional-level staking ecosystem. The two sides will give full play to their respective core strengths at the level of secure escrow and pledge infrastructure, work together to further develop institutional needs, continue to promote the innovation and practice of institutional chain revenue services, and jointly inject strong momentum into the sustainable development of the global digital asset market.

11d ago

E-commerce operation advance RWA platform Dow Protocol completes $10.5 million seed round, MH Ventures, Mapleblock Capital, and Animoca Brands participate

According to official news, Dow Protocol, an e-commerce operation advance RWA platform, announced the completion of the $10.5 million Seed round, co-led by MH Ventures and Mapleblock Capital, with Animoca Brands, Arcane Group, Hashkey Chain, Essentia Partners, and Quartet Group participating. Dow Protocol provides working capital advances to merchants on the world's leading e-commerce platforms based on their sales accounts receivable and actual operating data. Its underlying asset service system is embedded in mainstream e-commerce platforms, and the original operating data of merchants can be directly obtained for credit and risk control; at the same time, through cooperation with the platform, repayment risk is controlled at the source, and a leading collection mechanism in the industry has been established. On the financial side, Dow Protocol uses stablecoins' instant settlement capabilities to reduce the lengthy loan process in traditional loans to the fastest same-day payment. For working capital markets that are sensitive to cash flow, the speed of lending itself is a value, so they are willing to pay a premium for this efficiency. At the same time, Dow Protocol promotes a new logic that is natively generated on the chain for operating advance funds, so that advance terms are executed in a highly granular programmable manner, and the underlying operation logic of supply chain finance is restructured. Dow Protocol is positioned as a generic pan-e-commerce PayFi RWA advance agreement. Its framework can be extended to supply chain finance advance requirements in various scenarios such as e-commerce, catering, payment, gaming, and AI computing power.

15d ago#financing

Depin project VanGrid completes $9 million token financing to build a physical AI spatial data network

Comparing news, the Depin project VanGrid completed a $9 million seed round, and HashKey, Crypto.com Capital, and Animoca Brands participated. The financing was completed in multiple batches in January 2026 using the SAFT structure. The project builds a decentralized spatial data network. Users collect real location data through smartphones and convert it into a 3D spatial model, and sell it to customers after on-chain verification. Target customers are physical AI developers, including robots, autonomous agents, and digital model builders, which also serve defense and government departments. The project stated that the face and license plate were anonymized before the data left the device. Vangrid is built on the Base network and uses the Ethereum Proof Service to verify data batches. At present, the network has accumulated nearly 100,000 pieces of verification data. The web version and Android app have been launched, and the iOS version is under development. The team is headquartered in Amsterdam with 14 core members and plans to expand engineering and data operations positions over the next few quarters.

16d agoWendy#financing #starters

HashKey Exchange Receives Approval from J.P. Morgan Chase to Open Client Fund Accounts

Comparatively, HashKey Exchange, a licensed cryptocurrency exchange in Hong Kong, has received approval from J.P. Morgan to open customer fund accounts. HashKey Holdings said the account will support customer fund segregation and settlement through J.P. Morgan Chase Bank infrastructure. HashKey Exchange launched DBS Bank Singapore customer fund accounts on June 30, which supports fiat currency deposit, withdrawal and settlement services. HashKey Holdings merged the previously independent HashKey Exchange and HashKey Global applications into a single portal a week ago. HashKey Holdings went public in Hong Kong in December last year and raised $206 million through an oversubscribed initial public offering.

19d ago

HashKey plans to acquire all shares in APEX in Singapore

According to official news, HashKey Holdings Limited (HashKey or company, stock code: 3887) announced that its wholly-owned subsidiary HKDAG (Singapore) Pte. Ltd. has partnered with Asia Pacific Exchange Pte. Ltd. (APEX)'s major shareholders and APEX entered into a non-legally binding framework agreement to acquire all of APEX's shares. APEX and its group operate a comprehensive and complete financial market infrastructure in Singapore. As a licensed derivatives trading platform in Singapore, APEX holds an Approved Exchange (AE) license issued by the Monetary Authority of Singapore (MAS); its subsidiary Asia Pacific Clear Pte. Ltd. holds an Approved Clearing House (ACH) license and has comprehensive issuance and settlement capabilities. Under Singapore's strict regulatory system, there are currently only three institutions in the entire market that hold the above two types of licenses at the same time. If the proposed acquisition is successfully completed, HashKey is expected to further improve the layout of transaction and clearing infrastructure for the institutional market, promote the construction of a next-generation financial infrastructure covering transactions, escrow, payment, clearing, and settlement, and enhance comprehensive service capabilities for financial institutions and institutional market participants.

24d ago