ME News reports that on August 3 (UTC+8), according to an announcement by HashKey Holdings Limited (3887.HK), its licensed trading platform, HashKey Exchange, has officially received approval from J.P. Morgan to open client fund accounts, becoming the first licensed digital asset exchange in Asia to secure such approval from J.P. Morgan. HashKey stated that J.P. Morgan is one of the world’s leading USD clearing banks, and this approval will further integrate HashKey into the mainstream international banking system, enhancing the stability, transparency, and institutional service capabilities of its USD fund channels. Ru Haiyang, CEO of HashKey Exchange, said this approval marks a significant step forward in building a robust institutional-grade USD settlement and client asset segregation system. As the industry enters a phase of institutionalization and compliance, bank connectivity, clearing capabilities, regulatory governance, and client asset protection are becoming foundational elements for licensed platforms serving institutional clients. (Source: Foresight News)
HashKey Exchange Becomes the First Regulated Exchange in Asia to Open a JPMorgan Client Fund Account
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Summary
HashKey Exchange, a licensed trading platform under HashKey Holdings Limited (3887.HK), has become the first regulated exchange in Asia to open a client fund account with JPMorgan. The approval supports its exchange licensing initiatives and aligns with evolving crypto exchange regulations. HashKey stated that this move enhances its USD funding stability and institutional service capabilities. CEO Ru Haiyang called it a key step in building institutional-grade settlement systems as the industry becomes increasingly compliant.
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