HashKey Group, a licensed digital asset financial services provider in Hong Kong, specializes in providing trading solutions, asset management, custody, and blockchain ecosystem development.
During the testing phase starting from November 11, HashKey Group reported that HashKey Chain recorded nearly 25 million transactions, over 860,000 registered wallet addresses, and achieved a rate of 400 transactions per second under testing conditions.
A total of 50 projects have been successfully implemented, attracting 300,000 active community members, according to the shared announcement.
Similar to Coinbase's Base and Kraken's upcoming Ink, HashKey Chain joins the expansive Ethereum ecosystem as part of Superchain — a network of interoperable Layer 2 blockchains built on Optimism's OP Stack.
This technology enables seamless connectivity and scalability between networks.
Other projects such as OP Mainnet, Zora, and Worldcoin have implemented Layer 2 on Superchain, while the decentralized exchange Uniswap has also announced plans to deploy Unichain based on the optimistic rollup model in October.
The native token HSK of HashKey Chain is now listed on multiple cryptocurrency exchanges. HSK holders can participate in governance and decision-making activities within the HashKey Chain ecosystem.
To support developers, HashKey Chain has announced a funding program worth 50 million USD, providing non-dilutive capital to selected project teams.
The program also includes technical support, collaboration opportunities, as well as invitations to participate in hackathon competitions and related activities.
HashKey is expanding its cryptocurrency services.
In addition to the cryptocurrency exchange and blockchain services, HashKey, in collaboration with Bosera Asset Management, is also one of the issuers that launched Spot Bitcoin and Ethereum ETFs in Hong Kong in April.
According to data, HashKey's Spot Bitcoin fund has attracted over 70 million USD in net inflow since its launch, while the Spot Ethereum fund has reached over 18 million USD.
Currently, Hong Kong is the first and only region in Asia to list cryptocurrency Spot ETF funds.
Ryan Miller, CEO of the Hong Kong-based cryptocurrency exchange OSL, commented:
“Although these numbers are still quite modest compared to the net inflows of billions of USD for similar funds in the United States, the performance of these funds compared to the local stock market is approaching U.S. standards.”
