Hash Global founder KK argues that Hong Kong’s next step as an international financial center is not to abandon its traditional role, but to extend it onto blockchain rails. Based on a speech delivered at Cyberport in Hong Kong on Aug. 27, 2026, the thesis frames the city’s past three decades as “IFC 1.0,” when Hong Kong connected Chinese and broader Asian assets with global capital through listings, bonds, funds, custody, legal work, accounting, and distribution. The proposed “IFC 2.0” would apply that same institutional machinery to an onchain capital market shaped by blockchain, stablecoins, RWA and DeFi. The article argues that RWA should not be understood as simple tokenization. Instead, it describes a broader system in which ownership confirmation, issuance, settlement, use and financing of real-world assets can operate together onchain. It also expands the discussion beyond treasury products and private credit to include entertainment IP, memberships, ticketing rights, collectibles, gaming, consumer rights and data assets. In KK’s view, Hong Kong already has key ingredients in place, including digital-asset policy, licensing-based regulation, tokenized bond practice, Project Ensemble and a regulatory regime for stablecoin issuers. A central claim is that issuance alone is not enough. The harder problem is liquidity after issuance: wallet distribution, stablecoin settlement, DEX trading, collateralized lending, user scenarios and continuous market operation. Within that framework, the article highlights BNB and other public-chain ecosystems as liquidity layers that can provide users, capital, distribution and trading activity for compliant assets issued through Hong Kong.

HashKey On-Chain, a blockchain infrastructure service provider under HashKey Holding Limited (HK3887), has formed a strategic brand partnership with Conflux Network, according to a BlockBeats report published on Aug. 26. The cooperation will focus on several areas tied to public blockchain infrastructure, including node validation, infrastructure buildout, and cross-chain technical collaboration. The initiative will be led by HashKey Cloud and centered on infrastructure services. After completing the relevant assessments, HashKey Cloud is expected to participate in Conflux network operations either as a validator node or as an infrastructure provider. On the technical side, the two parties said they plan to work together on monitoring and alerts, security protection, risk-control strategy sharing, and ecosystem incentives, while also building a high-standard operations and maintenance system. Subject to technical compliance and industry-standard requirements, they also plan to explore cross-chain compatibility and potential applications and deployment scenarios for cross-chain ecosystems in the future. The disclosure included a disclaimer stating that the announcement is for technical and informational purposes only and does not constitute investment advice, an offer, solicitation, recommendation, endorsement, or any form of guarantee.

ChainCatcher said HashKey Global market data showed HSK trading above $0.1094, with a 21.15% gain over the past 24 hours. HashKey Global is the flagship global virtual asset exchange under HashKey Group, offering licensed trading services to users worldwide. The exchange has also received a full license under the Bermuda Monetary Authority’s Digital Asset Investor Protection regime and offers products including LaunchPool, futures and margin trading.

Real-world asset activity and stablecoin policy both moved this week. As of Aug. 14, 2026, on-chain RWA market capitalization reached $38.29 billion, while the number of holders climbed to 1.7935 million, according to RWA.xyz data cited by PANews. In stablecoins, total market value slipped slightly to $297.91 billion, but transfer volume and monthly active addresses both fell, pointing to a quieter on-chain period even as holder counts kept growing. On the policy side, the People’s Bank of China said in its 15th Five-Year reform and development plan that it will steadily develop the digital yuan. In Europe, officials decided to revise the Markets in Crypto-Assets framework, or MiCA, with a focus on the market access rules that have left non-EU stablecoin issuers such as Tether outside the bloc. The U.K. advanced the second phase of its digital pound lab and also began work on a regulatory framework for tokenized gold. At the project level, Anchorpoint, the Hong Kong licensed stablecoin issuer backed by Standard Chartered, HKT and Animoca Brands, launched the first phase of issuance and institutional use for HKDAP. HashKey Exchange and OSL joined as recognized distributors. Elsewhere, NYSE, Itaú Unibanco, Coinbase, LG CNS, Miden, Dow Protocol and Rain each disclosed new tokenization, stablecoin or funding developments during the week.

HSK Chain said on Aug. 12 that it is sponsoring the "2026 Global Builders Initiative," a global developer growth program launched by Ethereum Applications Guild (EAG). The event expands into three emerging Web3 regions — Australia, Africa and Latin America — and is scheduled to run from Aug. 19 to Sept. 29, 2026. According to the official announcement cited by BlockBeats, the program will cover six developer communities in Brazil, Nigeria, Colombia, Kenya, Bolivia and Sydney, Australia. The competition will combine online development courses, regional hackathons and offline Demo Day sessions. Organizers expect the initiative to attract more than 1,000 Web3 developers worldwide and move hundreds of projects into incubation. As a sponsor, HSK Chain will launch dedicated tracks at all six stops and provide a total prize pool of 10,000 USDT. The tracks will focus on applications in AI agents, decentralized finance, stablecoin payments and real-world assets. HSK Chain also said it will offer technical support, mainnet deployment services and Demo Day pitching opportunities to participating teams. Projects that perform well may gain access to the official grant program and broader ecosystem incubation resources. EAG was jointly proposed during Token2049 in 2025 by HashKey Group Chairman and CEO Dr. Xiao Feng and Ethereum co-founder Vitalik Buterin as a global non-profit developer organization focused on shifting Ethereum ecosystem development from infrastructure toward application innovation.

PANews’ weekly funding roundup showed a pickup in crypto deal activity from Aug. 3 to Aug. 9, with 12 disclosed blockchain financing events totaling more than $94.9 million. Capital was concentrated in infrastructure, stablecoins, real-world assets and centralized finance, while DePIN, GameFi and rewards platforms also logged fresh deals. The headline M&A transaction came from Mastercard, which said it had completed its acquisition of stablecoin infrastructure company BVNK, a deal previously reported in March as being worth up to $1.8 billion. On the financing side, Yellow Card announced a $40 million strategic round backed by SC Ventures, Sony Innovation Fund, Polychain Capital and Blockchain Capital. Other disclosed transactions included rounds for Blockspace, MAGNE.AI, InvestiFi, JPYC, Dow Protocol, Vangrid and Bundle. PANews also tracked a separate wave of AI and robotics funding, where large checks continued to cluster around infrastructure, cloud capacity, optical networking and enterprise agent platforms, with Sequoia Capital, Index Ventures and the newly launched 224 Ventures also stepping up commitments to the sector.

HSK Chain, the institutional blockchain under HashKey (3887.HK), said on July 28 that it has entered a strategic partnership with Morpho, the decentralized non-custodial lending protocol and open credit network. Under the agreement, Morpho will fully deploy on HSK Chain and serve as the official partner for the chain’s lending business. The cooperation spans several HashKey Group business lines and is also set to extend into HashKey’s upcoming crypto wallet and super app integrations. The two sides said they will work on on-chain lending products for both institutional and retail users, with initial focus on institutional-grade lending, staking-linked yield products, and tokenized real-world assets. HSK Chain also said it plans to work with Morpho on products backed by BTC and RWA collateral, while exploring integration of Morpho v2 fixed-rate lending products. Separately, HashKey Capital has made a strategic investment in Morpho. The firms framed the partnership around compliant digital asset infrastructure in Asia and modular DeFi lending architecture, with both executives saying the deal is meant to support safe, transparent and auditable on-chain credit services in Hong Kong and the broader Asian market.

Bank of England proposes stablecoin holding limits: £20,000 per individual, £10 million per firm, plus 40% reserve requirement. Coinbase CEO Brian Armstrong opposes, warning it stifles innovation. Hong Kong moves to issue its first stablecoin license in March, intensifying global competition.