HashKey Exchange becomes Asia’s first licensed digital asset platform to secure JPMorgan client money account approval.
JPMorgan has approved a client money account for HashKey Exchange, Hong Kong’s largest licensed cryptocurrency trading platform. The approval marks a first for a licensed digital asset exchange in Asia, according to HashKey’s announcement.
HashKey Exchange, regulated by Hong Kong authorities, previously operated under traditional banking partnerships but lacked direct client money account access with a global bank. The move follows Hong Kong’s push to establish itself as a digital asset hub, with regulatory frameworks introduced in 2023 to attract crypto firms.
No immediate market reaction was disclosed, though the approval may signal growing institutional acceptance of licensed crypto platforms in Asia.