Overview
- HashKey said on Monday, August 3, 2026 that JPMorgan approved an application to open a segregated client money account for HashKey Exchange.
- A client money account keeps customer funds in a bank account separate from an exchange’s operating capital so deposits can be ring‑fenced if the company faces financial trouble.
- The JPMorgan approval follows recent banking moves, including a DBS customer funds account activated on June 30, 2026 and earlier operational accounts facilitated by Deutsche Bank.
- JPMorgan has also upgraded its rating on HashKey stock and serves as a joint sponsor for HashKey’s planned Hong Kong IPO, a tie that signals deeper traditional‑bank support even as HashKey holds a dominant share of Hong Kong’s licensed market.
- HashKey has not disclosed when the JPMorgan account will open for customer transactions, and the arrangement could boost institutional confidence while leaving concentration risk in Hong Kong’s crypto market intact.