HashKey Exchange, Hong Kong's largest licensed digital asset trading platform under HashKey Holdings Limited (3887.HK), a Hong Kong-listed company, has officially launched Tether Gold (XAUt). Professional investors can trade it through the Marketpace over-the-counter trading platform. This marks the first time that gold, a traditional safe-haven asset, has been compliantly traded on a licensed exchange in Hong Kong.
Tether Gold (XAUt) is a gold token product launched by Tether. Each XAUt corresponds to one troy ounce of gold bar that meets the delivery standards of the London Bullion Market Association (LBMA). Users only need to hold XAUt to own gold in the form of on-chain digital tokens, without having to face the inconvenience of physical gold delivery, storage, and circulation.
During periods of market volatility, professional investors often need to hedge risks by allocating safe-haven assets. With XAUt's listing on the HashKey Exchange, investors no longer need to switch platforms; they can directly convert digital assets into gold through HashKey's OTC mechanism for asset allocation.
By introducing XAUt, HashKey Exchange not only incorporates gold, a traditional safe-haven asset, into the digital asset trading system for the first time, providing investors with diversified and compliant asset allocation solutions, but also takes a key step in connecting traditional finance with digital finance.
Michelle Cheng, Director of HashKey Exchange, stated, “In traditional investment environments, gold often needs to be allocated through separate accounts or offline channels, making it difficult to allocate in a timely manner during market fluctuations. We hope to promote more efficient circulation of RWA assets, represented by gold, in the digital environment. With the launch of XAUt, users can buy, sell, and convert gold just like managing other digital assets. This is a concrete step in our efforts to solve the problem of gold’s difficulty in being allocated within a compliant framework.”
About HashKey Exchange
HashKey Exchange is a digital asset exchange under the listed company HashKey Holdings Limited (3887.HK). It is committed to setting new benchmarks for virtual asset exchanges in terms of compliance, fund protection, and platform security. Hash Blockchain Limited (HashKey Exchange) is one of the first licensed retail virtual asset exchanges in Hong Kong. It has obtained approval from the Hong Kong Securities and Futures Commission (SFC) to hold Type 1 (dealing in securities), Type 7 (providing automated trading services), and licenses to operate virtual asset trading platforms under the Securities and Futures Ordinance, ensuring compliant operation of its virtual asset trading platform. HashKey Exchange has obtained ISO 27001 (information security) and ISO 27701 (data privacy) management system certifications. To comply with laws and regulations, HashKey Exchange does not provide services to users in Mainland China, the United States, and certain other jurisdictions.
