HashKey launches XAUt trading, marking the first time a compliant exchange in Hong Kong opens trading for gold tokens.

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HashKey Holdings Limited (3887.HK), a Hong Kong-listed company, has officially launched Tether Gold (XAUt) on HashKey Exchange, the largest licensed digital asset trading platform in Hong Kong. Professional investors can trade through the over-the-counter (OTC) Marketplace interface. This move marks the first compliant trading of gold, a traditional safe-haven asset, on a licensed exchange in Hong Kong.

Tether Gold (XAUt) is a gold token product launched by Tether, with each XAUt corresponding to one troy ounce of gold that meets the delivery standards of the London Bullion Market Association (LBMA). Users only need to hold XAUt to own gold in the form of an on-chain digital token, without the inconvenience of physical gold delivery, storage, and circulation.

During market volatility, professional investors often need to hedge risks by allocating safe-haven assets. With the launch of XAUt on HashKey Exchange, investors can directly allocate digital assets as gold through HashKey's OTC mechanism without switching platforms.

By introducing XAUt, HashKey Exchange not only incorporates gold, a traditional safe-haven asset, into the digital asset trading system for the first time, providing investors with diversified compliant asset allocation options, but also takes a key step in connecting traditional finance with digital finance.

Michelle Cheng, Director of HashKey Exchange, stated: “In traditional investment environments, gold often needs to be allocated through separate accounts or offline channels, making it difficult to adjust in a timely manner during market volatility. We aim to promote more efficient circulation of RWA assets represented by gold in the digital environment. With the launch of XAUt, users can buy, sell, and convert gold just like managing other digital assets. This is a concrete solution to the challenge of gold allocation within a compliant framework.”

About HashKey Exchange

HashKey Exchange is a digital asset exchange under the listed company HashKey Holdings Limited (3887.HK), dedicated to setting new benchmarks for virtual asset exchanges in compliance, capital 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 the virtual asset trading platform. HashKey Exchange has obtained ISO 27001 (Information Security) and ISO 27701 (Privacy Information) 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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