Crypto Operator HashKey Said to Mull Hong Kong Listing This Year

Xiao Feng, chairman and chief executive officer of Hashkey Digital Asset Group Ltd., during the Bitcoin Asia conference in Hong Kong.Photographer: Chan Long Hei/Bloomberg

HashKey Group, the operator of Hong Kong’s biggest licensed crypto exchange, has confidentially filed for an initial public offering in the Asian financial hub, according to people with knowledge of the matter.

HashKey could aim to list as soon as this year, the people said, asking not to be identified because the information isn’t public. A listing could fetch as much as $500 million, one of the people said.