{"id":126939,"date":"2025-04-10T22:22:26","date_gmt":"2025-04-10T22:22:26","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126939"},"modified":"2025-04-10T22:22:26","modified_gmt":"2025-04-10T22:22:26","slug":"hashkey-receives-hong-kong-approval-to-offer-crypto-staking-services","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126939","title":{"rendered":"HashKey receives Hong Kong approval to offer crypto staking services"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCryptocurrency exchange HashKey has received approval from Hong Kong regulators to offer staking services, potentially broadening the institutional appeal of proof-of-stake investments such as the spot Ether exchange-traded funds (ETFs).<br \/>\nHashKey was granted approval on April 10 after the Hong Kong Securities and Futures Commission (SFC) provided regulatory guidance on staking services to Licensed Virtual Asset Trading Platforms (VATPs) and authorized funds, the company disclosed on social media.\u00a0<br \/>\nHashKey said it had become \u201cone of the first\u201d regulated Hong Kong exchanges to offer staking services.<br \/>\nSource: HashKey GroupThe approval was granted after the China Securities Regulatory Commission (CSRC) recognized the potential benefits of crypto staking services, the SFC said.<br \/>\nCSRC \u201cis aware of the potential benefits of staking in enhancing the security of blockchain networks and allowing investors to earn returns from virtual assets in a regulated market environment,\u201d the SFC said, according to a translated version of the announcement that appeared on Asian media outlet PANews.\u00a0<br \/>\nRelated: Crypto VCs are \u2018especially bullish\u2019 on DePIN, RWAs \u2014 HashKey Capital<br \/>\nTaking the lead on ETH staking<br \/>\nThe SFC approval means HashKey can take the lead in offering staking services for spot Ether (ETH) ETFs, according to the exchange\u2019s managing director, Terence Pu.<br \/>\n\u201cIn the near future, investors will not only be able to hold Ether ETFs to obtain staking income but also directly hold ETH and obtain additional income through our staking services,\u201d Hu said in a translated version of his statement.\u00a0<br \/>\nHong Kong approved its first Ether and Bitcoin (BTC) ETFs in April of last year, giving institutional investors access to an in-kind subscription model for digital assets.<br \/>\nHong Kong is ahead of the curve in allowing ETF investors to earn a passive yield on their digital assets. In the United States, the Securities and Exchange Commission (SEC) green-lighted spot Ether ETFs last year but did not allow staking strategies to be included.<br \/>\nFor many US investors, staking is the missing link that could make US-based Ether ETFs more attractive to institutional investors.\u00a0<br \/>\nWith the election of US President Donald Trump and the installation of a pro-crypto SEC Chair, investors are growing confident that staking services are coming to the US Ether ETFs in the near future.<br \/>\nSource: James SeyyfartBased on Bloomberg analyst James Seyffart\u2019s potential timeline, approvals could be granted as early as May.<br \/>\nMagazine: \u2018Hong Kong\u2019s FTX\u2019 victims win lawsuit, bankers bash stablecoins: Asia Express<a href=\"https:\/\/cointelegraph.com\/news\/hashkey-receives-hong-kong-approval-crypto-staking?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCryptocurrency exchange HashKey has received approval from Hong Kong regulators to offer staking services, potentially broadening the institutional appeal of proof-of-stake investments such as the spot Ether exchange-traded&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126939"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126939"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126939\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126939"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}