HashKey Holdings has successfully raised $206 million in its initial public offering (IPO) in Hong Kong, marking a significant milestone as the first digital asset firm to list in the region. The IPO attracted nine cornerstone investors, including UBS AM Singapore and Fidelity, highlighting strong institutional interest. The funds raised will be allocated towards enhancing infrastructure, security, and compliance, with a particular emphasis on measures to counter the financing of terrorism. Additionally, HashKey plans to expand its workforce and accelerate product development across the region, aligning with Hong Kong's advancing digital asset regulations.