Insights will help set standards for Hong Kong's tokenisation market
Hong Kong, August 28, 2024 – HashKey Group ("HashKey" or "the Group"), a leading end-to-end digital asset financial services group in Asia, today announces its participation in the Hong Kong Monetary Authority (HKMA) Project Ensemble Sandbox.
As one of the participants in the Architecture Community with a comprehensive global Web3 ecosystem, HashKey will conduct pilots exploring the tokenisation and trading of real world assets (RWAs), including carbon credits, green assets, and Money Market Fund (MMF).
"We are honoured to participate in HKMA's Project Ensemble Sandbox," said Dr. Xiao Feng, Chairman and CEO of HashKey Group." Project Ensemble enables financial institutions to use wholesale central bank digital currency (wCBDC) based on distributed ledger technology, exploring interoperability between tokenised money and tokenised assets. This will facilitate greater interconnection between traditional financial markets and Web3, provide more automated and intelligent services for the fiat system, and promote financial inclusion, signifying a major step forward in supporting financial innovation. Through our involvement in Project Ensemble Sandbox, HashKey Group will leverage our proven experience in tokenisation and digital asset listing/trading to contribute to a more efficient and robust economy," Dr. Xiao added.
HashKey Group was selected for Project Ensemble Architecture Community in May. As a pioneer supporting financial innovation, HashKey's expertise spans the entire Web3 landscape from advising on, structuring, and executing the tokenisation of diverse asset classes, providing trading and liquidity for tokenised assets to offering decentralised infrastructure support, such as its Layer-2 network, HashKey Chain, for token issuance, all of which operate within a robust and high-compliance regulatory framework.
HashKey believes these pilots present opportunities to move beyond theoretical discussions about tokenisation and wCBDC. The practical insights generated will further support the development of an innovative financial market infrastructure and reinforce Hong Kong's position as a leader in the Web3 space.
About HashKey Group
HashKey Group is a leading digital asset financial services group in Asia with global operations in regions such as Hong Kong, Singapore, Japan, and Bermuda. Since 2018, HashKey Group has built a global Web3 ecosystem within a high-compliance regulatory framework, including HashKey Exchange, a licensed virtual asset exchange regulated by the Hong Kong SFC; HashKey Global, the global flagship digital asset exchange; HashKey Capital, a global asset manager investing exclusively in blockchain technology and digital assets; HashKey OTC, the compliant over-the-counter (OTC) trading arm of HashKey Group, HashKey Cloud, a leading provider of global Web3 infrastructure; and HashKey Tokenisation, a tokenisation services provider.
HashKey Group also possesses a rich on-chain ecosystem, having developed the Ethereum Layer 2 "Ecosystem Chain", HashKey Chain, and plans to launch the HashKey platform token HSK. HashKey Group is committed to driving the mass application of blockchain technology, aiming to provide trustworthy and accessible digital asset services to one billion global users.
For media enquiries and more information, please contact:
HashKey Group
Athena Yuan: athena.yuan@hashkey.com
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HashKey asserts that these pilots dordle provide opportunity to go beyond theoretical discourse on tokenization and wCBDC. The practical insights produced will enhance the construction of an innovative financial market infrastructure and solidify Hong Kong's status as a pioneer in the Web3 domain.