HashKey Group, Asia's first publicly listed cryptocurrency exchange, has unveiled a comprehensive, Securities and Futures Commission (SFC)-compliant Real-World Asset (RWA) tokenization platform in Hong Kong. The one-stop solution, launched just two months after HashKey's $215 million IPO on the Hong Kong Stock Exchange, is designed to channel institutional demand into regulated workflows, targeting an Asian tokenization opportunity estimated at roughly $4 trillion.
The platform, led by HashKey Tokenisation, covers the full lifecycle of converting illiquid assets into digital tokens. It integrates institutional-grade blockchain infrastructure through HashKey's Crypto-as-a-Service (CaaS) engine and uses the ERC-3643 standard for token lifecycle management, enabling cross-chain interoperability with HashKey Chain and other mainstream networks. The solution embeds compliance, custody integration, and exchange-linked liquidity within Hong Kong's regulated market structure.
The launch 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 in June 2025. The platform serves two primary groups: asset issuers seeking to tokenize holdings, and professional intermediaries like law firms and brokers requiring blockchain-powered infrastructure.
Dr. Xiao Feng, Chairman and CEO of HashKey Group, stated: "RWA is the essential bridge to the future of finance. Our one-stop solution leverages Hong Kong's unique institutional strengths to build a high-efficiency channel for asset tokenization." Liu Jia, CEO of HashKey Tokenisation, emphasized programmability's role, saying "RWA will find a new dynamic balance in the 'impossible trinity' of yield, efficiency, and risk control through programmability."
The platform's compliance framework places eligibility and suitability controls at the forefront, supported by full KYC/AML, wallet-level whitelisting, and transfer restrictions that track investor status. On-chain auditability provides a consistent record, while custody segregation maintains asset integrity. For institutions, this enables delivery-versus-payment settlement and near-real-time reconciliation, reducing settlement frictions.
Notably, CPIC Investment Management has explored tokenizing traditional assets with HashKey, including a USD money market fund. GF Securities (Hong Kong) has executed tokenized issuances under Hong Kong law since November 2023, including a daily redeemable tokenized security. HashKey, which holds licenses in Hong Kong, Singapore, Japan, Bermuda, and Dubai, is positioning itself as Asia's regulated alternative to Western infrastructure stacks like Securitize/BlackRock, in a global tokenized RWA market that exceeded $36 billion (excluding stablecoins) by late 2025.
