16th July 2026
By Shubhii Verma
HashKey Exchange has partnered with Visa and Shanghai Commercial Bank to launch a co-branded credit card in Hong Kong, offering customers rewards that can be used toward cryptocurrency purchases and trading fees. The new Shanghai Commercial Bank HashKey Visa Signature Credit Card is designed to bridge everyday spending with regulated digital asset services while remaining within Hong Kong’s financial framework.
Eligibility and How to Apply
Eligible HashKey Exchange users can apply for the card through the HashKey or Shanghai Commercial Bank mobile applications. Applicants must be at least 18 years old, reside in Hong Kong, and hold an active HashKey Exchange account. While HashKey manages the rewards program, Shanghai Commercial Bank is responsible for issuing the card, approving applications, and providing all banking and credit-related services. Visa supplies the global payment network and transaction infrastructure.
Unlike traditional crypto rewards cards that distribute digital assets directly, the HashKey card converts accumulated reward points into HashKey HKD Cash Vouchers every month. Customers can use these vouchers to purchase supported cryptocurrencies on the licensed exchange or offset trading fees, giving users flexibility while maintaining regulatory compliance.
During the promotional period, cardholders can earn up to 2% rewards on eligible local spending and 4% on eligible overseas purchases. The program awards one point for every Hong Kong dollar spent, with every 250 points automatically converted into HK$1 worth of HashKey HKD Cash Vouchers. New customers may also qualify for welcome offers, including up to HK$1,200 in HashKey vouchers or HK$1,000 in spending credits, subject to promotional terms and conditions.
Strategic Vision Behind the Card
HashKey said the partnership reflects its broader strategy of expanding practical applications for digital assets beyond speculative trading. According to Haiyang Ru, CEO of HashKey Exchange Business Group, the company aims to integrate regulated cryptocurrency services with everyday financial products, enabling users to interact with digital assets through familiar payment experiences.
Visa also views the initiative as a step toward connecting traditional payment systems with the growing digital asset economy. Paulina Leong, General Manager of Visa Hong Kong and Macau, said the collaboration is intended to make regulated crypto services more accessible by integrating them into established payment infrastructure.
Hong Kong’s Growing Regulated Crypto Market
The launch follows an announcement made in October 2025, when Shanghai Commercial Bank and HashKey first revealed plans to develop a co-branded Visa credit card. It also comes as HashKey continues expanding its presence in Hong Kong’s regulated crypto market. Licensed to serve retail investors since 2023, the exchange supports direct deposits in both Hong Kong dollars and U.S. dollars and has recently strengthened its market position through strategic business initiatives, including a share repurchase program.
The new card adds to the growing trend of crypto-linked payment products across Asia, highlighting increasing efforts by financial institutions to connect traditional banking with digital asset ecosystems.
