HKEX responds to tightening regulation of crypto treasury companies, requiring substantial business operations

ChainCatcher news, in response to Bloomberg's previous report regarding the tightening of regulations by the three major securities exchanges in the Asia-Pacific region and the obstacles faced by Digital Asset Treasury (DAT) companies in their transformation, a spokesperson for the Hong Kong Stock Exchange stated that the HKEX framework ensures that all applicants seeking listing, as well as already listed applicants, have viable, sustainable, and substantive businesses and operations.

It is reported that in recent months, the Hong Kong Stock Exchange has questioned the strategic plans of at least five companies to transform into Digital Asset Treasury (DAT) companies, citing violations of regulations prohibiting the holding of large amounts of liquid assets.