HashKey's Chairman Xiao Feng revealed in an interview that the company has approximately HKD 2.05 billion in reserves, positioning it well for its IPO. Unlike traditional exchanges focused solely on trading, HashKey's business model is akin to Coinbase, deriving significant revenue from data and technology services. Xiao emphasized HashKey's commitment to compliance technology and data services, highlighting the U.S.'s leadership in legislative and regulatory frameworks. He also noted that China's digital yuan initiative will be blockchain-based, reflecting a broader trend towards tokenized fiat currencies.