Major Event! Hong Kong Releases Cryptocurrency Policy Declaration 2.0!
I asked AI, and the biggest direct beneficiaries are HashKey. Below is a summary from AI, and the original text can be found at the end.
1. Core Points of Policy Declaration 2.0
The Hong Kong government released the "Hong Kong Digital Asset Development Policy Declaration 2.0" on June 26, 2025, with the "LEAP" framework as its core, with the following strategic directions:
1. Optimize Legal and Regulatory Framework
2. Expand Types of Tokenized Products
Regularize the issuance of tokenized government bonds
Stamp duty exemption for tokenized ETFs
Promote tokenization of real-world assets
Advance application scenarios and cross-sector collaboration
Support stablecoins and other tokenized projects
Cyberport will launch a blockchain and digital asset pilot funding program
Facilitate cooperation among regulatory bodies, law enforcement agencies, and technology providers
3. Talent and Partner Development
Collaborate with market participants and universities to promote talent development
Position Hong Kong as a knowledge-sharing center and promote international cooperation
2. Impact Analysis on HashKey
1. Huge Growth Potential from Opening Virtual Asset Derivative Trading
The policy declaration clearly supports the development of virtual asset derivative trading. HashKey Exchange expects that if derivative trading features are opened, trading volume could increase by at least 50%.
As the largest licensed virtual asset exchange in Hong Kong, HashKey will pilot perpetual contracts based on mainstream virtual assets such as Bitcoin and Ethereum at the initial implementation of the policy.
2. First-Mover Advantage in Custody Service Licensing System
The new policy proposes that the Securities and Futures Commission act as the main regulatory body for digital asset custody service providers and will hold public consultations on the licensing mechanism. As an institution that has established a comprehensive custody system, HashKey has a significant first-mover advantage in the upcoming custody service licensing.
3. Revenue Growth from Expanded Omnibus Service Coverage
HashKey Exchange's Omnibus comprehensive account service has covered 90% of licensed brokers in Hong Kong, serving over 30 institutions. In the past six months, trading volume has increased nearly fivefold compared to the previous period, with cumulative trading volume exceeding HKD 30 billion. As more brokers obtain virtual asset licenses, this business is expected to continue rapid growth.
4. Leadership in Tokenized Product Innovation
The world's first tokenized money market ETF, co-launched by HashKey and Bosera International, was officially issued in April 2025. The policy declaration clearly supports tokenized ETFs enjoying stamp duty exemptions, which will promote the development of more tokenized products, and HashKey has established technological and compliance advantages in this area.
5. Strategic Opportunities in Stablecoin Business
With the implementation of the stablecoin regulatory system on August 1, 2025, HashKey is expected to play an important role in the stablecoin ecosystem. As the largest licensed exchange in Hong Kong, HashKey Exchange will become one of the major platforms for stablecoin trading.
6. Synergistic Effects of Full-License Ecosystem
The policy declaration emphasizes the establishment of a unified regulatory framework, which will further highlight the value of HashKey Group's full-license layout. From trading, custody, asset management to tokenized services, the complete ecosystem allows HashKey to achieve multidimensional benefits from policy dividends.
7. Enhanced International Competitiveness
The policy declaration proposes to turn Hong Kong into a global digital asset center, which aligns closely with HashKey's globalization strategy. HashKey has completed licensing layouts in locations such as Hong Kong, Bermuda, Dubai, and Ireland, and is expected to accelerate global expansion with the support of Hong Kong's policies.
8. Value Release of Technological Infrastructure
Through technological infrastructures such as HashKey Cloud and HashKey Chain, HashKey provides full-chain technical support for tokenized products. The strong support for tokenized products in the policy declaration will directly promote the growth of HashKey's technical service business.
Overall, the "Hong Kong Digital Asset Development Policy Declaration 2.0" brings multiple benefits to HashKey, from derivative trading, custody services to tokenized product innovation, all of which will provide strong support for its business growth and market position consolidation. For investors holding HSK, this policy declaration marks the entry of HashKey into a new development stage and is expected to gain significant benefits in the comprehensive upgrade of Hong Kong's digital asset ecosystem.
***
The so-called trend inevitably gives a sense of "When the time comes, the world is united in strength."
