The post Hong Kong’s Largest Licensed Crypto Exchange Now Offers End-to-End RWA Tokenization appeared first on Coinpedia Fintech News
HashKey Group (3887.HK), Asia’s first publicly listed crypto exchange, has launched a one-stop Real-World Asset (RWA) tokenization platform just two months after its $215M IPO on the Hong Kong Stock Exchange. The solution, led by HashKey Tokenisation, covers the full lifecycle of converting illiquid assets into globally tradable digital tokens.
The move is a direct response to Hong Kong’s Digital Asset Development Policy Declaration 2.0, which introduced the “LEAP” framework and stamp duty exemptions for tokenized ETFs when it launched in June 2025.
The platform integrates institutional-grade blockchain infrastructure through HashKey’s Crypto-as-a-Service (CaaS) engine. Nexatoken handles full token lifecycle management using the ERC-3643 standard, enabling cross-chain interoperability with HashKey Chain and other mainstream chains.
On the trading side, HashKey Exchange, Hong Kong’s largest licensed virtual asset trading platform, offers primary market subscriptions and secondary trading via Central Limit Order Books or OTC, with instant Delivery versus Payment (DVP) settlement.
The solution targets two groups: asset issuers looking to tokenize previously illiquid holdings, and professional intermediaries like law firms, auditors, and brokers seeking blockchain-powered service infrastructure.
Dr. Xiao Feng, Chairman and CEO of HashKey Group, said:
HashKey holds licenses across Hong Kong, Singapore, Japan, Bermuda, and Dubai. Its December IPO drew cornerstone investors including Fidelity, UBS, and CDH Investments, with retail demand 394x oversubscribed.
The tokenized RWA market exceeded $36B (excluding stablecoins) by late 2025. BlackRock’s BUIDL fund leads the space at $2.85B and recently listed on Uniswap for DeFi trading. HashKey is now positioning as Asia’s regulated alternative to the Securitize/BlackRock infrastructure stack that dominates the West.
Hong Kong has already raised $1.28B through digital green bonds and plans to formalize RWA token issuance under its new regulatory framework.
HashKey Tokenisation will soon release a detailed RWA Issuance Service Manual to support onboarding.


