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Tokyo Hash Co., Ltd. — Japanese crypto-asset exchange operator overview

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Updated 2026-05-18
Review by 2026-08-08
Sources 7 Machine-translated Original (JA)
#fintech#jp-crypto-exchange#vasp#hashkey-group
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This entry sits under exchanges index. Read it with FSA crypto-asset exchange registration system — number system / Local Finance Bureau jurisdiction / registration requirements for adjacent context and Japan Financial Regulation — Legal Framework for Tokens, Crypto Assets, and Payments for the broader system boundary.

FSA registration number Kanto Local Finance Bureau Director-General 第00027号 · JVCEA member #1032 · registration date 2021-06-18

1. Corporate / shareholders

  • Trade name: Tokyo Hash Co., Ltd. (Japanese: 東京ハッシュ株式会社)
  • Date of establishment: 2018年2月9日
  • Capital: 4億3125万円
  • Head office: 〒100-0005 2-chome 3-2号 Marunouchi, Chiyoda-ku, Tokyo (3 minutes’ walk from JR Tokyo Station; a financial-district location atop Tokyo Station)
  • Shareholder: HashKey Digital Asset Group Limited (invested 100%, unlisted)
  • Parent company: HashKey Group (Hong Kong headquarters). A pan-Asian group that has obtained crypto-asset exchange licenses from Hong Kong SFC, Singapore MAS, and Japan FSA. Tokyo Hash is the group’s Japan entity.

2. License / registration status

  • Crypto-asset exchange business: Kanto Local Finance Bureau Director-General 第00027号 (registration date 2021-06-18)
  • No registration for financial instruments business / electronic payment instruments business / funds-transfer business (as of 2026-05-18)
  • JVCEA: Type 1 member (member number 1032). Registered for crypto-asset exchange business only; has not obtained derivatives-business registration

3. Supported currencies

  • Supported assets: only 2 assets — Bitcoin (BTC) and Ethereum (ETH)
  • No altcoins or stablecoins supported (as of 2026-05-18)
  • Distinctive feature: among the smallest asset counts domestically. A selective lineup focused mainly on bilateral trading for institutional / corporate clients

4. Scope of business

  • Spot trading: BTC · ETH buy/sell service (started 2021年9月)
  • Crypto-asset lending service: a consumption-loan transaction in which customers lend out their held BTC · ETH for a fixed period and receive a lending fee. Annual rates differ per transaction (the official guidance cites past cases of 4.5%-6.5% annual rate)
  • Margin / derivatives: not supported
  • NFT / staking: not supported
  • Fiat-deposit channels: details not disclosed
  • Seminars: held regularly for institutional / corporate / individual investors (themes such as Web3.0, NFT, DeFi, mining)

5. Market share / trading volume

  • Trading volume and account count are not disclosed
  • Customer base: from the corporate-site descriptions, seminar content, and the 2-asset-only composition, the main target is presumed to be institutional investors / corporate clients rather than retail general investors (basis: official statements that “HashKey Group’s mainstay business is supporting digital-asset investment for institutional investors”)
  • Competitive position: registration number #00027 is a latecomer among the 26 社 domestic firms. With both asset count and account count undisclosed, it holds a niche position distinct from the major top 3 (bitFlyer · Coincheck · GMO Coin, Inc. — Japan crypto-asset exchange operator overview). For the licensing regime of parent HashKey’s home base, see Hong Kong SFC VASP licensing regime — VATP regime + licensed CEX overview

6. History / major events

PeriodItem
2018-02-09Tokyo Hash Co., Ltd. established
2021-06-18Crypto-asset exchange business Kanto Local Finance Bureau Director-General 第00027号 registration
2021-09-13Crypto-asset trading service (BTC · ETH) launched
2021-12-15Crypto-asset lending service launched
2022-01-05Crypto-asset lending service 1th application round opened (annual rate 6.5%)
2022-02-10Crypto-asset lending service 2th application round opened (annual rate 4.5% or more)
2022-05-09Parent HashKey Group obtained in-principle approval from Hong Kong SFC to operate a crypto-asset trading platform (group-wide regulatory progress) •
2024-05-31Officer change
2025-04-24Officer change
2025-11-27Officer change

No notices of administrative action, hacks, or large-scale system outages (as of 2026-05-18).

7. Strategic developments

  • Since 2024年, parent HashKey Group has aggressively rolled out HSK platform-token issuance, HashKey Chain (Ethereum L2) deployment, the launch of HashKey Global (a global exchange), and more. No specific feature-addition plan for the Japan base, Tokyo Hash, has been disclosed.
  • Domestically, the company-profile and philosophy pages show a posture of seeking to expand services for institutional investors, but no individual roadmap is disclosed (as of 2026-05-18).
  • The crypto-asset lending service has had no new public-offering notices since 2022年 (text remains posted on the service page).
  • Representative Director: Deng Chao. At HashKey Group, also concurrently serves as President of the Singapore entity and CEO of HashKey Capital (per the HashKey Group official profile). Tenure confirmed after the 2025-04-24 officer change.
  • Directors: Zhu Minghua, Li Yingchen
  • Outside auditor: Takayuki Fukuda
  • Founder story: not disclosed. That it was established as HashKey Group’s Japan-entry entity is official information.

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