828 HashDay: A letter from Xiao Feng to all HashKeers

HashKey Exchange, a licensed Hong Kong digital asset platform, has officially designated August 28th as "828 HashDay" to mark its second anniversary of compliant operations. Founder and Chairman Xiao Feng announced in an internal letter that the exchange has achieved a cumulative trading volume exceeding HK$1.2 trillion and custodied assets over HK$19 billion.

Key achievements and strategic directions highlighted in the letter include:

The transition of the blockchain industry into a compliance-driven "digital twin era," with stablecoin legislation and real-world asset (RWA) tokenization gaining traction.
HashKey’s broader mission to serve as a leader in future financial infrastructure, aiming to provide trusted digital asset services to one billion users worldwide.
Strong performance across HashKey Group’s business segments:
- HashKey Capital: Invested in over 600 projects.
- HashKey Tokenisation: Facilitated asset tokenization for major institutions, including Bosera International’s tokenized money market ETF.
- HashKey Chain: Selected as an institutional-grade compliant Layer 2 solution and issuance chain for tokenized securities.
- HashKey Cloud: Launched ETF Staking Pro, supporting Asia’s first Ethereum spot ETFs with staking functionality and managing ~$4 billion in staked assets.
- HashKey OTC: Experiencing rapid growth as a key liquidity and institutional service channel.

Xiao Feng emphasized the importance of compliance, trust, and mission-driven growth, acknowledging team efforts and reinforcing HashKey’s commitment to integrating digital assets into the global financial system. The company also introduced its "Hi5" cultural values to foster continued innovation and resilience in a rapidly evolving market.

On August 28th, marking the second anniversary of Hong Kong-licensed HashKey Exchange's compliant operations, its founder and chairman, Xiao Feng, announced in an internal letter to all employees that August 28th of each year would be officially designated "828 HashDay." The letter revealed that the platform's cumulative trading volume has exceeded HK$1.2 trillion, with assets under custody exceeding HK$19 billion. Xiao Feng emphasized in the letter that HashKey's mission is not only to serve as a "Web3 financial bridge," but also to become a leader in infrastructure for the future new financial world. The following is the full text of the letter:

Dear Colleagues,

Today is a special day. Two years ago today, HashKey Exchange set sail in Hong Kong, officially embarking on a new journey of compliant digital asset trading. Starting this year, we solemnly designate this day as "828 HashDay"—not only marking a significant milestone for HashKey's business, but also a crucial step forward for HashKey Group in its global compliance journey.

We hope that "828 HashDay" will be a common commemoration for HashKeers (HashKey people), and will develop into a landmark node for the global Web3 industry to focus on compliance development and infrastructure construction. Together with our ecosystem partners, we will continue to promote the construction of a trusted digital future.

Over the past two years, the entire industry has undergone profound changes. We've witnessed the blockchain industry transition from the wildly growing "digital native era" to the compliance-driven "digital twin era." The United States and Hong Kong have both completed stablecoin legislation, marking the first time stablecoins have moved from a regulatory gray area into the mainstream financial system. They are no longer just a "social experiment" in the market, but are gradually becoming the financial infrastructure for global cross-border payments and clearing. At the same time, real-world assets (RWAs) have moved from the conceptual stage to actual issuance. Whether it's money market funds, bonds, or securitized products, they are gradually being implemented through on-chain compliance. This is redefining the liquidity and transparency of financial markets and sparking a market boom. All of this tells us that the "crypto world" is no longer isolated; it is gradually integrating into the real global financial system at its own pace.

HashKey has been deeply involved in the industry's evolution, especially in recent years. Due to our strategic layout, HashKey is often labeled as a "licensed exchange," "Hong Kong's compliance leader," and "the bridge to Web3 finance." However, our true mission goes far beyond this. HashKey's mission is to make digital assets accessible; our vision is to provide trusted digital asset services to one billion users worldwide. Guided by this mission and vision, we aim not only to bridge Web3 and traditional finance, but also to become a leader and major contributor to the infrastructure of the future new financial world.

Over the past year, the market has responded positively to HashKey's efforts. The HashKey exchange's cumulative trading volume exceeded HK$1.2 trillion, with assets under custody exceeding HK$19 billion. Our Omnibus accounts cover 90% of Hong Kong's licensed brokerage firms, and our over-the-counter trading volume has repeatedly reached new highs. These achievements are gratifying, but they also reinforce our sense of responsibility: compliance doesn't mean conservatism; trust is the greatest driving force for growth.

At the same time, the Group's various businesses are also converging:

HashKey Capital has invested in over 600 projects, accompanying the industry's innovative growth;

HashKey Tokenisation has successfully facilitated the asset tokenization of several leading financial institutions, including assisting Bosera International in launching the world's first tokenized money market ETF and participating in the development of Hong Kong's Web3 ecosystem standards.

HashKey Chain has become an institutional-level compliant L2 underlying layer and has been selected by GF Securities as the issuance chain for tokenized security, becoming the preferred public chain and infrastructure for traditional financial RWA.

HashKey Cloud has launched ETF Staking Pro, which not only supports the first batch of Ethereum spot ETFs in Asia, but also becomes the first ETH ETF provider to support staking functionality immediately after launch. It also supports ETH vault staking. Currently, the total staked assets of HashKey Cloud are approximately US$4 billion.

As an institutional deposit and withdrawal and liquidity channel, HashKey OTC is one of the institutions with the best market quotes and is experiencing explosive growth.

Together, they constitute the prototype of an "on-chain financial operating system" and lay a solid first step in building the ability to serve 1 billion users in the future.

Since its founding in 2018, HashKey has relied not on the wisdom of a single individual, but on the perseverance and conviction of every colleague. You are HashKey's true foundation. Over the past eight years, through three cycles of bull and bear markets, HashKey has steadfastly embraced compliance. Attracted by this mission and vision, a large number of professionals from traditional finance, Web3, and the internet industry have joined HashKey, becoming HashKeyers, dedicating their expertise to Web3 compliance. Throughout this journey, we've faced numerous temptations, doubts, and challenges externally, and internally, we've taken many detours and fallen into many pitfalls. I know many of our colleagues have also endured considerable pressure and grievances, but it is precisely these challenges and pressures that have made HashKey's achievements what they are today. We can fight tough battles and win them!

Here, on behalf of HashKey, I would like to express my gratitude to every employee. Of course, the company will also reward everyone with substantial incentives!

Looking ahead, as the market changes at an ever-increasing pace, corporate development will rely not only on institutional management but also on a team driven by faith and mission. This is how we can perceive and respond instantly, like a nervous system. After a long period of consensus building, I'm excited to announce HashKey's unique cultural values: Hi5. I believe we've chosen more than just a culture; we believe it represents a future-oriented vitality and aspirational life. Our corporate culture and values will propel HashKey even further.

Finally, I want to emphasize again that the Web3 compliance track is not an honor reserved for our company alone, but rather a position bestowed upon HashKey by the times—because we have always shouldered our mission and persisted on this difficult but correct path. I hope every HashKey employee can stay focused on our goals and continue to build and strengthen our strengths.

This industry is still too new and too complex, and no one can provide all the answers to many questions. Let us remain humble, keep an open mind, continue to learn, and be bold in innovation, ultimately achieving our own growth. I believe that we at HashKey will, with unwavering tenacity, jointly explore the optimal path to integrate compliance, technology, and industry, achieving a win-win situation for HashKey and the industry. I hope that "828 HashDay" will spur us to deliver results that satisfy both ourselves and the industry on this day every year.

Xiao Feng

Founder, Chairman and CEO of HashKey Group

August 28, 2025