TechFlow News: On February 13, investment research firm Aletheia Capital initiated coverage of HashKey Group with a “Buy” rating and set a target price of HK$9.5, implying approximately 38% upside potential.
The report notes that as the global crypto market enters an institutionalization and regulatory compliance phase, HashKey is positioned as an institutional-grade digital asset infrastructure provider—potentially serving as Asia’s counterpart to Coinbase.
The research report states that HashKey’s leading position in Hong Kong’s licensed market—and the associated regulatory moat—will continue to drive growth. In the near term, growth will be fueled by expanding trading volumes and the launch of new features; longer-term growth prospects lie in high-value-added businesses such as custody services, real-world assets (RWA), and on-chain financial services.
