Excited to see this from @gmcbhutan ! GMC’s new accelerated pathway for firms already licensed in Hong Kong, Singapore, and ADGM is a smart move. One coordinated process covering incorporation, licensing, and banking via DK Bank will make it much faster for credible international players to go live. HashKey Capital fully supports initiatives that lower barriers for regulated fintech & Web3 firms. Great step forward! 🙌

Thrilled to see our portfolio company @reapglobal join the @Payward / @krakenfx family. Proud to have backed Reap since the early days as they build the future of stablecoin-powered global payments. Congratulations to the entire team on this milestone! 🚀

Tokenized commodities hit $5.46B AUM — up 300% YoY. The question is no longer "will this last?" It's "when does this go mainstream?" Here's why the trend is structural, not cyclical 👇

What a month! Groundbreaking developments across the board. Check out this month's highlights 👇 📈 Token Momentum New listing → $PRL (Perle @PerleLabs) was listed on Binance Alpha, Bybit Futures. Secondary listing → $CYS (Cysic @cysic_xyz) was listed on Bithumb, having been previously listed on Binance Alpha and Futures. 💰 Funding & Acquisitions → @StartaleGroup announced second close of its Series A round, securing $50mn from SBI. → @MyriadMarkets announced its seed round with investors including Verda Ventures, Auros, and EVG, Tom Lee, and others. → @animocabrands announced a strategic investment in Ava Labs. 🚀 Product Launches → @babylonlabs_io launched the private alpha testnet for Trustless Bitcoin Vaults (TBV), enabling users to post and borrow against BTC via Aave v4 spoke while keeping BTC on Bitcoin. → @perpltrade’s private mainnet on Monad demonstrated strong initial traction, accounting for 13% of gas usage post-launch. → @animocabrands launched Animoca Minds, a no-code platform for creating and deploying AI agents for commerce on the blockchain. → @KaitoAI launched its beta, focusing on ambassador and creator matching. → @pendle_fi shared new features for its 2026 launch, including direct access to Pendle on CEX Earn and one-click auto-leverage, and looping etc. → @cysic_xyz launched which allows users to set up their own AI agents. → @brevis_zk was selected as one of four teams for the Ethereum Foundation’s On-Prem Proving Initiative through ETH Proofs. 🫱🏻‍🫲🏼 Ecosystem Expansion / Partnership → @plumenetwork partnered with @ether_fi to integrate RWA yields through Nest vaults; their head of legal appeared in the Senate to advocate for tokenised stocks. → @babylonlabs_io integrated into @Ledger wallets, providing native Ledger signer support to Babylon Trustless Bitcoin Vaults. → @peaq partnered with OKX wallet @wallet to manage a tokenized robo-farm in Hong Kong using AI agents. → @CIMG_IMG, a NASDAQ-listed company, signed an MOU with @izumi_Finance to explore a strategic partnership in digital asset infrastructure. 💼 Business/Financials → A Messari report on @HumaFinance stated it processed $2.2bn in transaction volume in Q4, a 27% increase QoQ from $1.7bn. → @Sign and @PerleLabs were both added to Coinbase’s listing roadmap. → @Sign reported strong interest from Middle East OTC desks and South Korean CEXes. They have been building stablecoin-backed payment rails and CBDC for nations in the Middle East and Central Asia. → @animocabrands successfully secured a Dubai VARA VASP license. → @OPLabsPBC announced a round of layoffs. → @plumenetwork appointed a former FINRA examiner as its new Head of Compliance. 📥 Call for Partnerships → @BlockdaemonHQ is an institutional gateway to crypto and calls for chains, RWA projects for partnership. → @Bgin_Blockchain looks to acquire small BTC mining farms in northern Europe. 📰 HashKey News Flash → @HashKeyGroup released 2025 annual results on March 27, reporting total revenue of HK$723mn. Hong Kong operations saw a 72.3% yoy increase in trading volume, reaching HK$530bn. → @HashKeyGroup was named to the Financial Times' 2026 Asia-Pacific High-Growth Companies List. → @CantonNetwork was officially listed on HashKey Exchange on March 24, 2026. → @HashKey_Capital released a full report "Future of Institutional Digital Asset Trading" on three structural opportunities in the orchestration layer (OEMS/PMS/RMS) for 2026. → @HashKey_Capital released HashStack #030# and #031#. → @HSKChain calls on projects in DeFi and RWA to build on its compliant, institution-grade infrastructure, offering grants, branding support, and access to a network of regulated distribution partners across Asia. → @HashKeyCloud, a leading global Web3 infrastructure provider and core member of the HashKey Group, is looking to support emerging networks with its professional, secure staking and validation services, backed by experience across 80+ blue-chip chains and protocols. Please reach out to Portfolio Management team on telegram @ a79206 if you are interested in connecting with the above PortCos. The ecosystem is thriving! Follow @HashKey_Capital for April's update.

No Bull Market Yet — But Structural Recovery Is Underway. We're excited to share our latest report: Q1 2026 Crypto Market Review and Outlook, analyzing the latest market dynamics and structural shifts. Key insights: → The market is in a post-deleveraging recovery phase, not a new bull cycle → BTC pricing is increasingly driven by ETF flows and global risk appetite → Market structure is shifting from trading-driven to allocation-driven → Capital is moving from narratives to cash flow, concentrating in Payments and RWA Read the full report👇:

🇭🇰The Scaling Summit: AI Agents & Autonomous Systems | Panel Highlight 🔗 Host: @499_DAO × City University of Hong Kong Co-host: @0G_labs × OpenSchool x IDM of CityU Special Partner: @BAI_AGI x @hetu_protocol ⭐️Beyond the Hype Cycle: Pricing the Real Utility of Decentralized AI 🎙️Speakers: 🔹@0xfishylosopher, Junior Partner at @PanteraCapital 🔹@abcdave, Investment Director at @animocabrands 🔹@Lepus_xbt, Investment Manager at @HashKey_Capital 🔹Jiahao Xu, Co-founder of Grace Investment Machine 🎤Mod: 🔹@Cyph3rVae — General Partner, @PlutosCap 📅 April 20 | ⏰ 15:00-15:40 Join leading voices shaping the next phase of AI Agents & Autonomous Systems. 🔗

We are pleased to support CAEX in its bid to participate in Vietnam’s pilot scheme for regulated crypto asset trading. At HashKey Capital, we are dedicated to identifying high-potential investment opportunities across the global landscape. Vietnam represents a pivotal market in our strategic roadmap, given its remarkable dynamism within the Southeast Asian digital economy. We look forward to supporting the development of compliant local infrastructure and continuing our exploration of innovative growth opportunities under Vietnam’s evolving regulatory framework.

HashKey Capital has invested in CAEX to support its participation in Vietnam’s pilot program for regulated crypto asset trading. This partnership brings together Vietnamese financial and technology expertise with global digital asset capabilities. We look forward to supporting CAEX’s growth and helping expand access to compliant, modern investment channels for Vietnamese investors.

Update: the English version is now live. Quantum risk to crypto is no longer theoretical. Our deep dive covers: • What Google’s ~500K qubit estimate really means • Which assets are most exposed (BTC vs ETH) • How much time we realistically have • What mitigation paths look like If you care about crypto’s long-term security, this matters. 📄 Full analysis (EN): 🌐 Chinese version:

Google just dropped a bombshell: breaking Bitcoin's encryption may need only ~500K qubits, 20x fewer than previously thought. That changes everything about the quantum threat timeline. We broke it down: what's actually at risk, how long we have, and what ETH/BTC are doing about it 👇 📄 Full analysis (Chinese): 🌐 English version coming soon.

Most people will read about where digital assets are heading. A few will hear it directly from the people building and operating the market. Jason Tay, CEO of @HashKeyOTC, is one of them, leading a licensed digital asset trading desk in Singapore and working at the intersection of fintech, banking, and Web3. At #UnchainedSummit# Vietnam, expect insights drawn from real market activity, shaped by his experience working across regulated digital asset trading and finance. Catch him speaking at Unchained Summit on 28–29 May 2026 at Furama Resort, Da Nang. Tickets start at US $79. Secure your spot at #EventByAeternum# #JasonTay# #HashKey# #DigitalAssets# #OTCTrading# #InstitutionalCrypto# #Web3# #VietnamEvents# #CryptoConference#