HashKey Announces Crypto Rating Initiative to Boost Market Transparency

HashKey, a cryptocurrency trading company based in Hong Kong, has introduced a new project to evaluate cryptocurrencies and exchanges in an effort to improve market transparency and regulatory compliance.

HashKey, a Hong Kong-based cryptocurrency trading organization, has introduced a new project to rate cryptocurrencies and cryptocurrency exchanges in Hong Kong. The aim is to help local cryptocurrency businesses comply with the regulatory framework for virtual assets set forth by the Securities and Futures Commission.

In an announcement on Thursday, March 27, HashKey revealed that it has teamed up with the Hong Kong Virtual Asset Rating Company, which will provide three main services: virtual asset ratings, exchange ratings, and virtual asset indices.

HashKey claims that the new initiative aims to establish an "industry evaluation ecosystem" that provides "objective quantitative standards" for both exchanges and investors. The goal is to improve market transparency and create compliance benchmarks, which could help solidify Hong Kong's position as a global virtual asset hub. The ratings will provide risk indicators to help investors make more informed decisions, according to HashKey.

In February, Hong Kong's Securities and Futures Commission proposed increasing its staff, with a focus on monitoring virtual asset trading platforms, enhancing market surveillance, and increasing enforcement. In its budget plan for the 2025–26 financial year, the SFC is seeking 15 new hires, eight of whom will be dedicated to virtual asset regulation.

HashKey recently secured a $30 million investment from Beijing-based Gaorong Ventures, valuing the company at $1.5 billion. The investment came shortly after HashKey Capital, the group's investment arm, received approval from the SFC to manage crypto investment products for high-net-worth clients.