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Latest Fintech News: Tokeny and Ownera Partner to Unlock Global Liquidity for Tokenized Assets
Hashkey Aims To Become The One-stop Destination For Institutions
Wancloud Limited has been chosen as the validation services provider for epETH, where not only will it provide transaction validation services by operating the staked ETH validation nodes on behalf of Tokenholders, but it will also bear the cost of any slashing penalties. HashQuark, founded in 2018, is regularly ranked among the Top 10 staking-as-a-service providers in the world by assets under management, and it currently supports staking on over 40 mainstream blockchains including Ethereum, Polkadot and Solana. HashQuark recently had over USD3.2 billion of total value of assets under service, and approximately 4% of total ETH staked before the “Merge”.The launch of EPotter comes at a time when the Ethereum network has just recently completed its official transition from a proof-of-work to a proof-of-stake blockchain. According to a recent report by ConsenSys, custodians and organisations have increasingly been allocating their ETH for staking over the past months, and institutional demand in proof-of-stake validation is expected to continue to rise after the successful “Merge”, which occurred on September 15 2022. Michel Lee, Executive President of HashKey Group, said, “The strong demand from institutional investors in ETH proof-of-stake validation of late epitomises the institutional market’s readiness and eagerness to take advantage of the passive income-generating opportunities and other benefits that proof-of-stake validation brings, and EPotter is a response to that growing market need. We will continue to build bespoke technology services and robust solutions to demonstrate and position HashKey Group as one of the premier options for institutions who are looking to construct and accelerate their digital asset portfolios.”
HashKey aims to become the one-stop destination for institutions and professional investors based in Asia to participate in the digital asset ecosystem. HashKey Capital Limited, which forms part of the investment arm of HashKey, has recently been granted an uplift of its Type 9 asset management licence by the Securities and Futures Commission of Hong Kong (“SFC”) to manage funds consisting of entirely virtual assets. The Group has also secured in-principle approval in April 2022 from the SFC to deal in virtual assets and operate a virtual asset trading platform under the Type 1 (dealing in securities) and Type 7 (providing automated trading services) licences respectively. In addition, HashKey Me, a non-custodial wallet, and HashKey DID, a smart-contract-based decentralised identifier protocol, have both recently released new features to enhance the Web3 experience for its users.
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