HashKey Group has entered into a Strategic Partnership with ZA International for developing FinTech and Web3 Innovation to next level in the Asian region. HashKey Digital Asset Group (“HashKey” or “The Group”) and ZA International have made an announcement in regard to their new partnership so that they can explore cooperative opportunities on digital assets, Web3 and distributed ledger technology (DLT), amongst other areas.
ZA International is the international wing of ZhongAn Online P&C Insurance Co., Ltd. (HKEX Stock code: 6060), an online InsurTech company headquartered in China. The domestic FinTech unicorn is the only company in Hong Kong to have both the licences in domain of virtual banking and digital-only insurance. ZA International has recently unveiled its plan to tokenise its ZA Coin offered under its reward programme. This move seeks to cement ZA International as an early and leading contributor to ongoing efforts to build up Hong Kong as a global virtual asset hub and to encourage the local development of virtual assets.
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Since it was developed in 2018, HashKey Group has over the years assembled a robust and integrated ecosystem of digital assets services spanning from exchange, brokerage to blockchain infrastructure. The Group has not only been deeply involved in the development of key digital asset solutions such as liquid staking platforms, NFT-based decentralised identifiers (DID), and non-custodial wallets, but it is also one of the leading bellwethers in advocating the early adoption of digital assets, epitomised by its investment in over 300 projects since 2015, and infrastructure support of over 40 public chains. In November this year, Hash Blockchain Limited, a member of the HashKey Group, was granted the full licences by the Securities and Futures Commission of Hong Kong to provide virtual asset trading services to professional investors, becoming only the second firm in Hong Kong to receive such approval.The agreement, in the form of a Memorandum of Understanding (MOU), formalises the collaboration between both companies. HashKey and ZA International will bring together their own unique resources, expertise and experience, and work to realise new investment opportunities in the blockchain ecosystem and capture the intrinsic value of the Web3 paradigm in Asia.
Wayne Xu, President of ZA International, said, “We are honoured to partner with HashKey, a global leading corporate in digital asset management and blockchain solutions. Its latest virtual asset trading services licence granted by SFC is definitely another strong proof. We have been a staunch supporter of the development of FinTech and digital assets in Hong Kong and this collaboration marks another key milestone along our journey into the digital asset, Web3 and DLT space. Despite the recent uncertainties surrounding the industry, we still believe that with proper governance and regulations, it will play an integral role in shaping the future of finance. The digital asset industry looks set to flourish across Asia, while the Hong Kong government has also laid out its vision to be a global virtual asset hub. We believe Hong Kong will soar on the right track with a promising future., and we look forward to joining hands with HashKey to unleash the huge potential of FinTech.”
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