HASHKEY HLDGS Shares Surge Over 9% in Afternoon Trading Following Investment in Vietnamese Digital Asset Platform

Stock News04-10

HASHKEY HLDGS (03887) experienced a significant rise of over 9% during afternoon trading. At the time of writing, the stock was up 8.93%, trading at HK$5 with a turnover of HK$11.6732 million. The surge follows news that HashKey, in conjunction with OKX Ventures, has completed a capital injection into CAEX, an operator of a local digital asset trading platform in Vietnam. This investment is intended to help CAEX meet the capital requirements set by Vietnamese regulators for participation in a pilot program for regulated digital asset trading. The collaborating parties plan to explore cooperation in areas such as technology, risk management, and compliance within the established regulatory framework. It is noted that the related business activities will be conducted exclusively for compliant overseas markets. In a separate development, the Hong Kong Monetary Authority is scheduled to announce the first batch of licensed stablecoin issuers on April 10 at 5:00 PM, after which the licensed issuers will meet with the media. Analysis from Zheshang Securities points out that as a leading,稀缺 licensed digital asset exchange based in Hong Kong, HASHKEY HLDGS is well-positioned with a first-mover advantage to capture future inflows of compliant capital.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment