- HashKey Exchange supports Hong Kong’s SFC roadmap, aligning with its growth strategy.
- The roadmap could boost virtual asset derivatives trading by 30% to 40%, per HashKey.
- HashKey sees regulatory updates easing compliance while enhancing security and liquidity.
Hong Kong’s government recently unveiled the “A-S-P-I-Re” roadmap, a strategic plan to advance the virtual asset industry over the next three years. The roadmap features five key pillars and twelve initiatives, targeting areas like staking services, global liquidity, and derivatives trading.
HashKey Exchange, the region’s largest licensed virtual asset platform, has shared its interpretation of this forward-looking framework. HashKey Exchange Managing Director Terence Pu affirmed that the new roadmap follows both current operational developments and future strategic objectives of the company.
The Securities and Futures Commission (SFC) crafted this plan to balance innovation with investor protection. HashKey Exchange has actively collaborated with regulators, maintaining open communication. The company sees the roadmap as a practical guide that reflects industry needs and sets a clear path for growth in Hong Kong’s virtual asset sector.
HashKey Exchange’s Interpretation of the Hong Kong SFC Virtual Asset Roadmap
It has five pillars and twelve initiatives for the next three years, covering staking, liquidity, etc. HashKey Exchange, the largest licensed exchange, is exploring areas like product expansion… pic.twitter.com/o9kmsCNFiO
— Wu Blockchain (@WuBlockchain) February 27, 2025
Product Expansion Aligns with Roadmap Goals
HashKey Exchange highlights its focus on expanding products and services, a priority under the roadmap’s “Products” pillar. The company has worked on staking services since last year, leveraging technical support from HashKey Cloud. This effort aims to create a seamless business loop, offering users secure and efficient staking options. Additionally, the SFC’s exploration of new token listing mechanisms excites HashKey. These changes could simplify the current 12-month track record requirement, speeding up the listing process.
The roadmap also signals potential growth in virtual asset derivatives trading. HashKey Exchange predicts this could increase market activity by 30% to 40%. The company plans to expand its operations to boost market liquidity and give investors advanced hedging instruments. These advancements present the company with opportunities to strengthen its position as the leading actor in Hong Kong’s virtual asset market.
Strengthening Safeguards and Regional Connectivity
Under the “Safeguards” pillar, the SFC aims to refine insurance and custody frameworks. HashKey Exchange welcomes this move, noting it eases compliance burdens while prioritizing security. The company expects adjustments in hot and cold wallet allocations to improve user experience and cut operational costs. Enhanced insurance coverage also boosts investor confidence, freeing platforms to innovate further. HashKey views these updates as a proactive step by regulators to address industry demands.
The “Access” pillar focuses on attracting global order flows, a goal HashKey Exchange supports. The company plans to integrate local and overseas trading flows strengthening cross-regional liquidity. This aligns with Hong Kong’s ambition to become a leading Web3 hub. HashKey believes this connectivity will open doors for local and international participants, driving market growth.
