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HashKey Group Unveils New Collaboration with Alibaba Cloud and PlatON to Build Technology Platform for Web3 Developers

From left to right:

Leo Liu, General Manager of Hong Kong SAR, Macau SAR and Philippines of Alibaba Cloud Intelligence

Leo Li, CEO of HashQuark (HashKey Group’s staking-as-a-service business)

Alex Tao, Head of ECO of PlatON

Hong Kong, 29 November 2022 -- HashKey Digital Asset Group (“HashKey” or “HashKey Group”) has signed a Memorandum of Understanding with Alibaba Cloud and PlatON to explore potential collaborations on various projects, including co-developing and supporting an infrastructure and technology platform for developers in the Web 3.0 space.

The platform aims to provide developers with the necessary and consummate back-end technology services such as cloud computing and multi-chain Web 3.0 infrastructure including decentralised identifiers (DID) to build various Web 3.0 applications and protocols in gaming, social media and the Metaverse, among others.   The collaboration was officially announced on 29 November at the Alibaba Cloud Summit Hong Kong 2022. Attendees at the Summit were able to claim a limited-edition digital collectible in the form of a non-transferrable Soulbound Token (SBT). The SBT was created and minted via HashKey DID and can only be claimed through its decentralised application (DApp) at

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, is one of the world’s most established and recognised public cloud IaaS service providers;

PlatON is a next-generation internet infrastructure protocol underpinned by the fundamental properties of blockchain and privacy-preserving computation network.

Michel Lee, Executive President of HashKey Group, said, “As an end-to-end digital asset company, we are a firm believer that, for Web3 to blossom and gain widespread adoption, it's imperative for market players to work together to create a thriving and highly performant ecosystem for its users. HashKey is delighted to collaborate with Alibaba Cloud and PlatON, two leading digital service providers, to explore and bring to life a world-class infrastructure platform for Web 3.0 developers, as we continue to lead the charge in empowering companies' digital transformation initiatives and adding value to the wider digital asset ecosystem.”

Leo Liu, General Manager of Hong Kong SAR, Macau SAR and Philippines of Alibaba Cloud Intelligence, said, “The applications centred around Web 3.0 have been booming, resulting in new innovation across sectors. To support developers and businesses better capture these emerging opportunities, we launch this new platform featured with the cutting-edge technology and service capabilities of our partners HashKey Group and PlatON, as well as the robust and resilient cloud computing architecture of Alibaba Cloud.”

Alex Tao, Head of ECO at PlatON, said, "PlatON, as a decentralised privacy-preserving computation network, will work with Alibaba Cloud and HashKey to create a global ecosystem and community of Web3 developers centred in Hong Kong. Based on the professional cloud service architecture of Alibaba Cloud, we will provide global hotspot services in the fields of middleware and developer components, and jointly build a platform to facilitate continuous innovation in Web3 development worldwide. Full of expectations for the trilateral cooperation, we’re confident that we will make the Web3 community, innovation platform and regional inclusive benefit bigger under the premise of legal compliance."

This collaboration comes days after HashKey Group’s announcement where its subsidiary Hash Blockchain Limited had obtained the full licence from the Securities and Futures Commission of Hong Kong to operate an institutional-grade virtual asset trading platform for professional investors. With its recent licence approvals, along with its new Web3 infrastructure service offerings, HashKey continues to bolster and expand its suite of virtual asset services as it looks to become the platform of choice for institutions in Asia seeking to get involved in the blockchain-enabled ecosystem.


HashKey Group Press Contacts

Trevor Cheng

Senior Marketing and Client Strategy Manager

Jason Li

Marketing and Client Strategy

About HashKey Group 

HashKey Group is an end-to-end digital asset financial services group in Asia. HashKey Group provides a complete ecosystem across the entire digital asset landscape, ranging from trading, custody, venture investment, technologies to Web3 infrastructure. HashKey’s senior team has decades of investment and trading experience, strong business execution and deep market insights gained from tier-one banks, regulators and FinTech ventures. By bringing together the most advanced blockchain research and development and technologies, HashKey identifies potential opportunities and delivers end-to-end solutions that operate within regulatory frameworks with the highest compliance standards. HashKey Group has operations in Hong Kong, Singapore and Japan, and extensive partnerships with FinTech and blockchain solutions providers, academic institutions and associations.


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