YEREVAN (CoinChapter.com) — HashKey Change obtained approval from the Hong Kong Securities and Futures Fee (SFC) on April 10, 2025. The SFC granted this approval following its new pointers on staking providers. The license permits HashKey Change to supply ETH staking to retail customers and licensed crypto funds.
HashKey Change introduced the information on its official X account. The change stated it grew to become one of many first licensed digital asset buying and selling platforms in Hong Kong to realize this kind of approval. The announcement got here three days after the SFC printed a proper set of regulatory guidelines on April 7.
The brand new framework permits solely licensed platforms like HashKey Change to function staking providers. The SFC additionally allowed SFC-approved digital asset funds to take part in such providers. This choice immediately impacts Ethereum ETF staking within the native market.
HashKey Change to Launch Ethereum ETF Staking Providers
Terence Pu, managing director at HashKey Change, confirmed the change will provide ETH staking by spot ETF merchandise. He stated the approval permits clients to earn ETH staking returns by way of HashKey’s system.
Pu defined that the ETH staking service will meet SFC guidelines and function by HashKey Cloud infrastructure. He stated this setup permits ETF holders and ETH holders to take part in staking by a safe and controlled platform.
“This approval is a milestone practice in Hong Kong’s virtual asset regulatory innovation,”
Pu stated.
“HashKey Exchange has built a staking service system that meets regulatory requirements, taking the lead in providing ETH staking services for spot ETFs, and is actively promoting the provision of staking services to all customers.”
He added that HashKey Change might increase these staking providers to extra digital property sooner or later, relying on laws.
Hong Kong SFC Releases New Staking Pointers
The Hong Kong Securities and Futures Fee printed its official staking steerage on April 7, 2025. The doc outlines how licensed digital asset buying and selling platforms and SFC-approved funds can present staking providers.
The SFC approval for HashKey Change adopted these pointers. Native media outlet PANews reported on the choice. It quoted official sources confirming that HashKey Change had obtained the inexperienced gentle from the SFC.
The SFC stated the choice was made after suggestions from the China Securities Regulatory Fee (CSRC). The CSRC acknowledged the advantages of ETH staking in regulated markets. It said that staking might assist safe blockchain networks and permit traders to earn yield from digital property.
ETH Staking Providers Tied to Regulatory Compliance
The ETH staking mannequin supplied by HashKey Change will depend on licensed infrastructure. Based on the brand new guidelines, solely SFC-regulated platforms might function ETH staking providers in Hong Kong.
This limits the variety of eligible individuals and locations concentrate on compliance. All staking merchandise should observe operational and custodial requirements set by the SFC. Any platform providing staking with out approval dangers enforcement actions.
The SFC has not but introduced if extra exchanges will obtain related licenses. For now, HashKey Change is likely one of the first to obtain approval to supply ETH staking in Hong Kong. The change additionally talked about plans to extend service protection primarily based on future market guidelines.