HashKey Exchange Receives JPMorgan Approval to Open Client Money Account in Hong Kong

HashKey Exchange, Hong Kong's dominant licensed cryptocurrency platform, has secured approval from JPMorgan Chase to open a segregated client money account. Announced on August 3, 2026, the approval establishes a crucial U.S. dollar settlement channel and strengthens compliance by keeping customer funds separate from operating capital. This milestone follows HashKey's June 2026 integration with DBS Bank and its December 2025 initial public offering, which raised $206 million with JPMorgan as a joint sponsor.

JPMorgan client funds account approval

• ▪HashKey Exchange claimed to be the first licensed digital asset exchange in Asia approved to open this type of client money account with JPMorgan Chase.
• ▪HashKey Exchange received approval from JPMorgan Chase on August 3, 2026, to open a client funds account supporting U.S. dollar settlement services.

Hong Kong crypto banking infrastructure

• ▪Deutsche Bank previously facilitated both operational and client-money accounts for HashKey Exchange.
• ▪HashKey Exchange activated a customer funds account with Singapore's DBS Bank on June 30, 2026, to support fiat deposits, withdrawals, and transaction settlement.

Segregated client money regulatory requirements

• ▪A client money account holds customer deposits separately from an exchange's operating capital to protect and ring-fence customer funds in the event of financial trouble.
• ▪Hong Kong's Securities and Futures Commission requires licensed virtual asset platforms to keep foreign currency client money in segregated accounts denominated in the same currency.

HashKey institutional expansion

• ▪HashKey Holdings merged HashKey Exchange and HashKey Global into a single flagship application portal in July 2026.
• ▪According to 2025 data from Frost & Sullivan, HashKey Exchange controls over 75% of the licensed digital asset market share in Hong Kong.

HashKey IPO December 2025

• ▪HashKey Holdings listed on the Hong Kong stock exchange in December 2025 after raising gross proceeds of 1.607 billion Hong Kong dollars, approximately 206 million U.S. dollars.
• ▪JPMorgan Chase served as a joint sponsor alongside Guotai Junan for the HashKey Holdings initial public offering.