Case Study: HashKey Exchange achieves Hong Kong VASP compliance and scales trading volume with Elliptic

HashKey Exchange scales trading volume past HKD 1.2 trillion with Elliptic

HashKey Exchange, a licensed virtual asset service provider (VASP) and Hong Kong's largest digital asset platform, faced the challenge of scaling its operations rapidly while meeting stringent regulatory requirements. They needed robust real-time transaction monitoring and KYA/KYT screening to mitigate money laundering risks and maintain compliance without sacrificing operational efficiency. To address this, they turned to the vendor Elliptic for its compliance infrastructure.

Elliptic implemented its Lens, Navigator, and Investigator solutions to provide comprehensive wallet screening, real-time transaction monitoring, and in-depth investigation tools. This solution enabled HashKey to successfully demonstrate compliance to regulators, supporting their VASP license application. The results were significant, including the processing of over HKD 1.2 trillion in trading volume while effectively mitigating risk and maintaining high operational efficiency.

HashKey Exchange