HashKey Exchange, a Hong Kong-licensed cryptocurrency exchange, received approval from JPMorgan Chase to open a client money account, enabling fund segregation and settlement through JPMorgan’s banking infrastructure. Weeks earlier, HashKey Exchange had activated a customer funds account with Singapore’s DBS Bank on June 30. JPMorgan Chase ranks as the world’s fifth-largest bank with approximately $4.4 trillion in assets, while DBS Group Holdings is Singapore’s largest bank with $697.77 billion in assets. HashKey Holdings listed in Hong Kong in December after raising $206 million in an oversubscribed initial public offering.
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