J.P. Morgan has released its latest research report, upgrading the stock rating of licensed digital asset financial services provider HashKey (3887.HK) from 'Neutral' to 'Overweight,' while maintaining a target price of HKD 5.00. J.P. Morgan highlighted that, thanks to active expansion in the Hong Kong market, HashKey's year-to-date (YTD) trading volume has achieved year-over-year growth, and its gross profit margin is expected to expand by approximately 10 percentage points by 2026. J.P. Morgan believes that stock tokenization is likely to gain market traction within the next 6 to 12 months, with HashKey Chain positioned as the infrastructure layer for RWA. Additionally, the report emphasized that trading activity is accelerating its shift from offshore platforms to onshore platforms, directly benefiting HashKey. Its efforts in stablecoin licensing, payment infrastructure, and plans to launch perpetual futures contracts within the year are expected to open up new revenue streams. https://www.(wublock123.com)/news/news-61729