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  • Writer's pictureHashKey Group

HashKey Group Announces Participation in HKMA's New wCBDC Initiative

Hong Kong, March 7, 2024 - HashKey Group ("HashKey" or "the Group"), a leading end-to-end digital asset financial services group in Asia, is pleased to announce its participation in Hong Kong Monetary Authority's ("HKMA") new wholesale Central Bank Digital Currency (wCBDC) Project "Ensemble". As a trusted partner and pioneer in the Hong Kong virtual asset industry, HashKey will actively explore innovations for an interoperable technical framework and design solutions for tokenised asset issuance and management to help lay the groundwork for a robust and secure wCBDC network.

The HKMA-led wCBDC project aims to support the development of tokenised deposits and assets in Hong Kong to establish next-generation financial markets infrastructure.

"Wholesale CBDCs offer financial institutions access to a digital form of central bank money, making central bank money programmable to support automation and mitigate risks," explained Dayong Zhang, CCO of HashKey Group. "This fundamentally improves the efficiency and speed of interbank and cross-border settlements, reducing settlement times and complexity, and enhancing the interaction between fiat currencies and digital assets."


"The project has tremendous potential to drive efficiencies and financial inclusion, which aligns perfectly with HashKey's mission of making digital assets massively accessible," he added.

HashKey Group has been at the forefront of financial innovation in Hong Kong. With its experience advising on and facilitating the tokenisation of various assets and its expertise in virtual asset trading, HashKey is well-prepared to contribute to the compliant and scalable implementation of this project in a way that can revolutionise global financial markets.

 

About HashKey Group

Established in 2018, HashKey Group is Asia's leading end-to-end digital asset financial services group that upholds the principle of "compliance first". Headquartered in Hong Kong and with operations in Singapore and Tokyo. The Group has a wide range of businesses that provide retail investors, large institutions, family offices, funds, and professional and accredited investors with innovative investment opportunities and end-to-end solutions in the fields of digital assets and the Web3 ecosystem.


Our core businesses include HashKey Exchange, the first batch of licensed virtual asset exchanges to offer retail services in Hong Kong; HashKey Capital, a global asset manager investing exclusively in blockchain technology and digital assets; HashKey Cloud, a world-leading blockchain node validation service provider; HashKey Tokenisation, a tokenisation services provider; and HashKey NFT, a Web3 incubation and community operation service provider, among others. To learn more about HashKey Group.


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HashKey Group


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