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HashKey Seeks $215 Million in Hong Kong IPO While Racing Against Its Cash Burn Rate

HashKey Seeks $215 Million in Hong Kong IPO While Racing Against Its Cash Burn Rate

2025-12-09

HashKey’s prospectus highlights surging institutional volume, expanding staking and tokenization pipelines and more than 1.44 million users, while losses and a US$5.2 million monthly burn rate loom over one of Asia’s largest regulated crypto bets.

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