In the current bearish atmosphere of the overall cryptocurrency market, In the context of continuously strengthening the regulation and control of cryptocurrencies in mainland China, HashKey has successfully completed its IPO, And officially listed on the main board of the Hong Kong Stock Exchange on December 17, 2025! This is undoubtedly a landmark event in the cryptocurrency industry. Two major milestones: ·The first crypto native company in Asia to go public through a traditional IPO path! ·HashKey, the first true cryptocurrency native company IPO in Hong Kong, is the first cryptocurrency platform operator in Hong Kong to be fully based on a virtual asset regulatory framework. ———————————————— In my personal understanding, For the understanding of the combination of Hong Kong+Web3 Crypto, It's a bit similar to Shenzhen in the early stages of reform. Although the regulation and control of the encryption industry in mainland China continue to upgrade, HashKey chooses to list in Hong Kong, It precisely highlights the unique advantages of Hong Kong as an Asian encryption hub under the "One Country, Two Systems" policy! One of the hot topics in encryption this year is compliance, The successful listing of HashKey also demonstrates that, Under a strict regulatory framework, The path of compliant and sustainable encryption business is feasible! This is the beginning of native encryption entering the mainstream world!