HashKey Holdings Limited

HashKey Holdings Limited

1.89
HKD
-0.04
(-2.33%)
18.47BMarket Cap
Mar 29Next Earn
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.05
0.07
0.25
0.26
- -
Basic EPS, GAAP
-0.21
-0.2
-0.42
-0.39
- -
Free Cash Flow per Basic Share
-0.05
-0.1
-0.07
-0.25
- -
Dividend per Share
- -
- -
- -
- -
- -
Book Value per Share
- -
-0.19
-0.39
1.02
1.02
Tangible Book Value per Share
- -
-0.2
-0.42
1
1
Basic Weighted Avg Shares
2,837
2,837
2,837
2,765
2,765
Sales/Revenue/Turnover
129
208
721
723
- -
Operating Margin (%)
-296.28
-257.2
-145.3
-117.12
- -
Depreciation Expense
26
29
31
45
- -
Net Income, GAAP
-585
-580
-1,189
-1,087
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
Profit Margin (%)
-453.04
-279.32
-164.97
-150.31
- -
Working Capital
-198
-790
-1,370
2,528
2,528
LT Debt
390
42
29
13
13
Total Equity
7
-530
-1,052
2,847
2,847
Return on Invested Capital (%)
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -

Capital Structure

HKD

•

in mil. unless spec.
Jun'25
Dec'25
ST Debt
15
14
LT Borrowings
- -
- -
LT Finance Leases
19
13
Preferred Equity and Hybrid Capital
- -
- -
Shares Outstanding
2,765
2,765
Market Capitalization
- -
18,471

Working Capital

HKD

•

in mil. unless spec.
Jun'25
Dec'25
Total Current Assets
990
3,544
Cash, Cash Equivalents & STI
666
3,047
Accounts Receivable, Net
27
98
Inventories
49
116
Total Current Liabilities
2,867
1,016
Payables & Accruals
- -
- -
ST Debt
15
14
Deferred Revenue
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-370.54%
Free Cash Flow
- -
- -
268.3%
Net Income, GAAP
- -
- -
-8.59%
Sales/Revenue/Turnover
- -
- -
0.33%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
208
2024
- -
- -
721
2025
- -
- -
723

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.2
2024
- -
- -
-0.42
2025
- -
- -
-0.39

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Feng Xiao
Full Time Employees
340
Sector
Finance
Industry
Investment managers
Address
Three Exchange Square Hong Kong Hong Kong Hong Kong
IPO Date
Dec 17, 2025
Business
HashKey Holdings Limited, a leading digital asset financial services group in Asia, provides a comprehensive suite of transaction facilitation, on-chain, and asset management services to institutional and professional clients. The company operates through three primary segments: Transaction Facilitation Services—covering digital asset exchange, brokerage, and custody solutions; On-Chain Services—supporting infrastructure and application layers including staking and tokenisation services; and Asset Management Services—managing venture capital funds, secondary market liquid funds, and related investment products. HashKey maintains a multi-jurisdictional footprint with operations across Hong Kong, Singapore, Bermuda, Japan, and Europe, and positions itself as a bridge between traditional finance and digital asset markets, serving institutional investors, professionals, and family offices. Founded in 2018, HashKey Group maintains its headquarters in Hong Kong and operates under the parent company HashKey Holdings Limited (Stock Code: 3887.HK). The group emphasizes a platform-centric ecosystem designed to deliver compliant, scalable digital asset services, including licensed trading platforms, custody solutions, asset management products, and technology services tailored for institutional clients. HashKey continues to expand its ecosystem through strategic partnerships, capital investments, and product expansions to broaden its geographic and product reach. Latest major company changes include: a strategic investment and partnership with SignalPlus, where a HashKey-managed fund led a Series B+ round with a $40 million investment; ongoing efforts toward broadened geographic expansion and regulatory-compliant service offerings; and continued execution of its growth strategy under the “Core Business with Two Growth Engines” framework aimed at deepening transaction facilitation capabilities while expanding on-chain and asset management services across Asia and beyond. The group also advances its potential capital markets activities, including IPO discussions and regulatory filings in Hong Kong, signaling a further push to scale its institutional crypto infrastructure and capital markets integration. HashKey’s announcements in 2026 reflect a focus on expanding partnerships, launching new service lines, and reinforcing its position as a regulated, enterprise-grade digital asset platform. Industry context and business segments: digital asset trading, custody, asset management, blockchain infrastructure services; target markets include institutional and professional investors, crypto funds, family offices, and corporates seeking regulated exposure to digital assets. Geographic operations span Greater China (Hong Kong), Southeast Asia, Japan, Bermuda, Europe, and other Asia-Pacific corridors, with a headquarters presence in Hong Kong and active regional subsidiaries or partnerships to support cross-border service delivery. Subsidiaries and affiliated entities include asset management arms (HashKey Capital) and platform/technology service providers, all contributing to a vertically integrated approach to digital asset liquidity, risk management, and regulatory compliance. Note: This description reflects HashKey Holdings Limited’s public disclosures up to mid-2026, including strategic partnerships, funding events, and the expansion of its core and growth-engine initiatives as reported by the company and financial press. Citations available upon request.