HashKey Exchange Secures JPMorgan Approval for Client Money Account

HashKey said its licensed trading platform, HashKey Exchange, has received approval from JPMorgan to open a client money account, making it the first licensed digital asset exchange in Asia to obtain such approval from the U.S. bank.

The company described the approval as a milestone for its Hong Kong-based licensed exchange, which operates under the city’s regulated framework for digital asset trading. HashKey said the client money account will be held with JPMorgan, one of the world’s largest banking institutions.

As of this writing, no additional details on the account’s launch timeline or operational scope were disclosed.

Source: Wu Blockchain