According to TechFlow, on February 13th, investment research firm Aletheia Capital initiated coverage of HashKey Group with a buy rating and a target price of HK$9.5, representing an upside of approximately 38%.
The report points out that as the global crypto market enters a phase of institutionalization and compliance, HashKey, positioned as an institutional-grade digital asset infrastructure provider, can be seen as a potential benchmark for the Asian version of Coinbase.
The research report believes that the company's leading position and regulatory barriers in the Hong Kong licensed market will continue to drive growth. In the short term, growth will rely on the expansion of transaction volume and the launch of new functions, while in the long term, attention can be paid to high value-added businesses such as custody, RWA and on-chain financial services.
