HashKey receives JPMorgan approval to open client money account
HashKey Exchange said it received approval to open client money accounts with JPMorgan, weeks after it launched customer fund accounts with DBS Bank.
HashKey Exchange, a Hong Kong-licensed cryptocurrency exchange, has received approval from JPMorgan Chase to open a client money account. This move follows the exchange's recent establishment of a customer funds account with DBS Bank in Singapore. The new account, supported by JPMorgan's banking infrastructure, will facilitate client fund segregation and settlement.
Earlier this month, HashKey Holdings combined its previously separate HashKey Exchange and HashKey Global applications into a single portal. In April, DBS Bank emerged as Singapore's largest bank with $697.77 billion in assets, while JPMorgan Chase was ranked as the world's fifth-largest bank with approximately $4.4 trillion in assets.
HashKey Holdings initially listed on the Hong Kong stock exchange in December after raising $206 million through an oversubscribed initial public offering.
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