According to the HashKey website, its platform token HSK is expected to be used as a tool to incentivize contributors within the HashKey ecosystem, in order to "drive the growth of the entire ecosystem." As per the whitepaper, HashKey plans to issue a total of 1 billion HSK tokens, with 65% allocated for ecosystem growth, 30% for employee incentives, and 5% for company reserves. HashKey's COO, Livio Weng, also stated that the exchange plans to list HSK, but this may not happen until mid-next year. Additionally, Weng stated that HashKey is exploring the securitization of real-world assets (RWA) as a practical reality. "RWA is becoming an important force for compliant exchanges," Weng said, "If you want to pursue 'effective RWA,' you must do so through licensed exchanges." Weng explained that HashKey has obtained a license to issue and trade security tokens in Hong Kong, and is "exploring two important RWA use cases that could have a huge impact on the market." "We are currently in talks with the Hong Kong Securities and Futures Commission (about RWA use cases)," Weng said, adding that the talks with the Commission are in the "latter stages." (The Block)
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