HashKey's parent company invested in Circle, the evolutionary path of Web3 financial giant, in 2016 HashKey is the strategic crystallization of Wanxiang Group's deep cultivation of the global cryptocurrency market for nearly a decade. Through its parent company's early capital layout, full license compliance system, and full stack financial infrastructure for Circle (USDC issuer), it is building a super ecosystem of "Eastern Coinbase+", which can be said to be a core hub connecting traditional finance and the Web3 world without exaggeration! 1、 Historical reasons: What is the strategic significance of Wanxiang's investment in Circle in 2016? 1. Milestones: -In June 2016, Wanxiang Group joined forces with top Chinese institutions such as Baidu and Everbright Holdings to participate in Circle's $60 million Series D financing (valued at $480 million), which was interpreted by international media such as TechCrunch and Coindesk as a paradigm level cooperation of "Western blockchain technology+Eastern capital". ——Strategic Value: ✅ Technological foresight: Advance positioning of stablecoins (USDC) and cross-border payment tracks, laying out three years earlier than Libra (2019); ✅ Geopolitical breakthrough power: Wanxiang has become one of the few Chinese industrial capital to enter the core cryptocurrency asset camp in the United States; ✅ Ecological synergy: pave the way for the landing of Circle China branch and lay the foundation for deep cooperation between Wanxiang System and Circle in compliance and technology in the future. 2. From capital to capability: incubating the underlying logic of HashKey Wanxiang will systematically inject HashKey with the compliance experience, global resources, and fintech awareness accumulated by investing in Circle, enabling it to possess: -Compliance gene: First to obtain licenses in Hong Kong, Singapore, and Japan (the first batch of retail exchange licenses in Hong Kong); -Institutional perspective: A deep understanding of financial asset frameworks such as central bank digital currencies (CBDCs), stablecoins, and securities tokens (STOs); -Cross border channel capability: Building a global deposit and withdrawal network (HashKey OTC) for fiat and cryptocurrency. 2、 Why is it "Eastern Coinbase+"? Core module analysis: 1. HashKey Exchange trading engine The first licensed exchange in Hong Kong that supports retail investors and mainstream assets such as BTC/ETH/USDC, with a daily trading volume exceeding 300 million US dollars (Q1 2024). - Innovative institutional level risk control engine, supporting algorithmic trading and bulk OTC, filling the gap in the professional trading market in Asia. 2. HashKey OTC (Capital Bridge) - Connect 15+fiat currency channels including HKD/USD/SGD, support SWIFT and local payment networks, and solve the pain point of "deposit difficulties" for Asian users. 3. Ecological Heart (HashKey Chain) EVM compatible chain, focusing on scenarios such as RWA (physical asset tokenization) and CBDC, TPS 5000+， Positioning as a financial grade public chain. - It has been integrated into the "Project Ensemble" wholesale CBDC pilot program of the Hong Kong Monetary Authority. 4. HashKey Capital Managed assets of over 1 billion US dollars, invested in over 200 projects such as Polygon, dYdX, Mask, etc., and formed a collaborative incubation of East West projects with Circle. 3、 Narrative: The Strategic Axis of the Future In 2016, Wanxiang Investment Circle promoted USDC to the world; In 2024, HashKey will establish a full stack financial infrastructure to facilitate the flow of global funds to the East. ” Core verification logic: 1. Historical continuity: Circle investment → Hong Kong license → stablecoin/RWA layout, proving its ten-year strategic determination; 2. Commercial moat: The trinity of "compliance+capital+technology" is difficult to replicate by emerging exchanges; 3. Opportunities of the times: Hong Kong policy dividend+explosive growth of Web3 users in Asia, HashKey becomes the biggest infrastructure beneficiary. 4、 Valuation Outlook Reference frame: Coinbase has a market value of $60 billion (June 2024), and there is no benchmark platform in Asia yet. ● Growth engine: RWA track: The global market size is expected to reach $16 trillion by 2028 (BCG data); - stablecoin channel: USDC's hub position in Asia, with derivative trading, lending, and payment income; Public Chain Ecology: Capture high-value scenarios such as CBDC and institutional DeFi. When traditional financial assets are put on the chain on a large scale, HashKey's full stack architecture will unleash a hundredfold network effect. ” 5、 Summary HashKey is the ultimate carrier of Wanxiang Group's Web3 ambition - it inherits the global perspective of investing in Circle, and the investment return insurance of investing in Circle is estimated to be over a hundred times! We look forward to building a more complete financial ecosystem than Coinbase with "compliance as the shield and technology as the spear" together! @HashKeyGroup