HashKey's Hong Kong Stock Exchange ringing the bell news has indeed caused quite a stir in the industry. As Asia's first compliant cryptocurrency exchange to go public, the identity of this "first licensed exchange stock" itself represents rarity and a breakthrough significance.

Interestingly, many leading brokerages and institutions are adopting its underlying trading technology framework, indicating that it has truly established a foothold in terms of technological accumulation and compliance capabilities. From trading depth to risk control systems, the overall ecosystem's hard power should not be underestimated.

This recognition from the Hong Kong stock market, to some extent, sets a benchmark for Web3 assets and compliant trading platforms. Whether it is a signal for institutional entry or a push for industry standardization, this marks a key milestone in the development history of Web3. Especially against the backdrop of gradually improving global regulatory frameworks, compliance and institutional-grade service capabilities are becoming new competitive barriers.