HashKey Exchange becomes the first licensed digital asset exchange in Asia approved to open a JPMorgan Chase client money account

TechFlow reports, on August 3, Asian comprehensive digital asset company HashKey Holdings Limited (3887.HK) announced that its licensed trading platform HashKey Exchange has officially received approval to open a client money account with JPMorgan Chase. HashKey Exchange thus becomes the first Asian licensed digital asset exchange approved for a client money account with JPMorgan Chase.

JPMorgan Chase is one of the major global USD clearing banks. Through the JPMorgan Chase client money account, HashKey Exchange will further integrate into the international mainstream banking system, enhance the stability, transparency, and institutional service capability of USD funding channels, and provide investors and institutional clients with a digital asset trading and settlement experience that better aligns with traditional financial standards.

Haiyang Ru, CEO of HashKey Exchange Business Group, stated: The approval for HashKey Exchange to open a client money account with JPMorgan Chase is a significant progress for the company in improving its institutional-grade USD fund settlement and client asset segregation system. As the digital asset industry enters a stage of institutionalization and compliance, banking channels, clearing capabilities, compliance governance, and client asset protection capabilities are becoming the core foundation for licensed platforms serving institutional clients. HashKey Exchange will continue to be based in Asia, grounded in compliance and security, to promote further connection between the digital asset market and the mainstream financial system.

This account opening approval marks a key step for HashKey Exchange in connecting to the traditional banking clearing system, and also reflects that Hong Kong licensed digital asset platforms are further integrating into the global mainstream financial infrastructure system.