Hong Kong, November 26, 2025 — HashKey Exchange, a leading licensed digital asset exchange in Hong Kong, today announced the signing of a memorandum of understanding with INDODAX, a digital asset exchange in Indonesia, to explore strategic cooperation opportunities in the digital asset space. Previously, HashKey Exchange has established partnerships with several key players in Southeast Asia, and this collaboration with INDODAX marks a new phase in its systematic business expansion.
As Indonesia's leading digital asset trading platform, INDODAX has deep local market experience and a large user base. According to the cooperation consensus, both parties will collaborate on liquidity support, exchange infrastructure development, and further explore opportunities in the RWA sector. In the initial phase of cooperation, both sides plan to promote communication in areas such as technology and compliance, sharing experiences to lay a solid foundation for future in-depth collaboration.
Ruhai Yang, CEO of HashKey Exchange, stated: "We are pleased to partner with INDODAX. Indonesia is the largest economy in Southeast Asia, with a vast digital asset population and a continuously improving regulatory framework, presenting immense growth potential. We believe this collaboration can combine HashKey Exchange's compliance advantages with INDODAX's local market expertise to jointly seize the significant opportunities in Indonesia and Southeast Asia's digital asset market."
William Sutanto, CEO and co-founder of INDODAX, said: "We are honored to collaborate with HashKey Exchange. HashKey Exchange's leadership in compliance, extensive institutional network, and strong global liquidity perfectly complement INDODAX's expertise in the local market and its consistent commitment to trust and security. Both INDODAX and HashKey Exchange share the same strategic approach — as a compliant and strictly regulated trading platform, we prioritize user protection and market integrity. Through this collaboration, we will enhance the Indonesian digital asset ecosystem by expanding institutional access channels, improving market liquidity, and advancing asset tokenization initiatives, bringing greater transparency and innovation to the entire Southeast Asian region."
With a series of regional collaborations steadily advancing, HashKey Exchange is making significant progress in its strategic layout within the Southeast Asian digital asset ecosystem. In the future, HashKey Exchange will continue to expand its global partner network to provide users with more comprehensive, reliable, and compliant digital asset services.
About HashKey Exchange
HashKey Exchange is committed to setting new benchmarks for virtual asset exchanges in compliance, fund security, and platform safety. Hash Blockchain Limited (HashKey Exchange) is one of the first licensed retail virtual asset exchanges in Hong Kong. It has received approval from the Hong Kong Securities and Futures Commission (SFC) and holds licenses for Type 1 (Securities Trading) and Type 7 (Providing Automated Trading Services) under the Securities and Futures Ordinance, as well as a license to operate a virtual asset trading platform under the Anti-Money Laundering Ordinance, ensuring compliant operation of its virtual asset trading platform. HashKey Exchange has obtained ISO 27001 (Information Security) and ISO 27701 (Data Privacy) management system certifications. To comply with laws and regulations, HashKey Exchange does not provide services to users in mainland China, the United States, and certain other jurisdictions.
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About INDODAX
INDODAX is Indonesia's leading digital asset trader and cryptocurrency exchange. The company was officially established on February 15, 2014, and has since developed into a platform with over 9.4 million members, providing 24/7 trading services for more than 450 global crypto assets, including Bitcoin and Ethereum.
As Indonesia's first cryptocurrency exchange, INDODAX holds a full license and is regulated by the Financial Services Authority of Indonesia (Otoritas Jasa Keuangan, OJK) as a registered digital financial asset trader (AKD AK). In 2019, INDODAX became the first cryptocurrency exchange in Indonesia to receive two international certifications: ISO 9001:2015 (Quality Management System) and ISO 27001:2013 (Information Security Management System), marking its commitment to quality management and information security as recognized internationally.
Over its eleven years of development, INDODAX has consistently focused on user service and education. Through its free educational platform — INDODAX Academy, investors can learn the basics of cryptocurrency and blockchain. This initiative aims to empower the community, enabling members to participate in the digital asset ecosystem more safely and confidently with the knowledge they acquire.
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