Hash Blockchain Limited and Hundsun Ayers Technologies Limited are pleased to announce the signing of a Memorandum of Understanding (“MOU”) to explore strategic cooperation in the field of virtual assets and financial services.
HashKey is the operator of HashKey PRO, a regulated virtual asset exchange set to launch in the second quarter of 2023. On a mission to set the bar for virtual asset exchanges in compliance, safety, and security, HashKey PRO has received approval from the Securities and Futures Commission of Hong Kong to operate a virtual asset trading platform under a Type 1 (Dealing in securities) licence and a Type 7 (Providing automated trading services) licence.
As part of the MOU, Hundsun Ayers and HashKey will collaborate on various initiatives aimed at enhancing their respective product offerings and exploring new business opportunities. The partnership aims to leverage the strengths of both companies to provide customers with innovative and cutting-edge solutions in the financial and virtual asset market.
Hundsun Ayers Established in 2019, it is a subsidiary of Hundsun. Hundsun is a prominent Chinese financial technology company. The company was founded in 1995 and was listed on the Shanghai Stock Exchange (600570.SH) in 2003.
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Product Innovation for Virtual Assets and Financial Services
The MOU outlines several key areas of cooperation between HashKey and Hundsun Ayers including commercial and technical cooperation, product development, and marketing collaboration. Both companies will explore mutually beneficial opportunities related to virtual assets and other services.
In particular, both companies will focus on exploring the joint development of new products and service offerings that will allow licensed securities and financial brokers to utilise the products and services of both companies. The technical teams of both companies will work together to jointly develop the new products. In addition, Hundsun Ayers and HashKey will explore collaboration on marketing of the new products and any other joint initiatives to respective target markets, with the aim of maximizing adoption.
Colin Zhong, CEO of Hash Blockchain Limited, said: ” At HashKey PRO, we believe that collaboration is the key to unlocking the significant future of the Hong Kong virtual asset market and beyond. Together, we can leverage our collective expertise, resources, and networks to create new opportunities, drive innovation, and unlock the full potential of the virtual asset market.”
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John Ng, Vice President of Hundsun Ayers Technologies Limited, said: ” Based on the expertise and great effort from Exchange (HKEX), SFC and related financial institutions, we are enjoying a tremendous growth of equities market in Hong Kong. Extending to the new area of Digital Asset trading, Hong Kong, the internationalized market, will highly be encouraged on servicing their investors with new dimensions. Via the cooperation with Hash Blockchain Limited, we are looking forward to serve our market in next level, with professions and echoing to the opportunities generated by Digital Asset.”
This MOU represents a key step forward for both companies in the virtual asset market. HashKey and Hundsun Ayers are committed to pursuing this partnership with dedication and focus to achieve mutual success in the financial and virtual asset market.
In addition, this MOU marks a significant milestone for new regulated virtual asset exchange HashKey PRO. On April 14th, 2023, HashKey Group announced the introduction of HashKey PRO, which is set to launch in the second quarter of 2023. The platform aims to provide a secure and reliable trading platform for clients to trade their virtual assets. Fiat trading pairs will be available on the exchange starting with BTC/USD, ETH/USD, USDT/USD at launch with more to come, making it easier than ever to purchase and trade virtual assets.
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