HashKey MENA, Driving Next Wave of Institutional Crypto Adoption in MENA

HashKey MENA, Driving Next Wave of Institutional Crypto Adoption in MENA

(This article is promotional content provided by HashKey MENA, aimed at introducing its services and security measures.)

In the volatile and high stakes industry of digital assets, security isn’t just a feature, it’s the essential cornerstone of trust. Trading on licensed platforms ensures more than regulatory compliance; it provides institutions and individuals with critical safeguards like insurance coverage, segregated asset storage, and operational transparency. These platforms act as pillars of reliability, mitigating risks from cyber threats to financial mismanagement, while empowering users to engage confidently in global markets.

HashKey MENA believes that true innovation thrives only when security is non-negotiable, a principle embedded in every service and product to protect and empower its users and clients.

Driving Crypto Adoption in MENA

HashKey MENA excels in efforts to maintain one of the safest exchanges for digital asset traders in the industry. This is backed by HashKey MENA's aim to drive institutional crypto adoption and emphasis on compliance as a regulated and licensed exchange, which demonstrates a major commitment to continuously maintaining high security standards as a company and financial institution.

Digital assets on HashKey MENA are securely stored with insurance protection and backed by transparent security practices. Customer data protection is validated by ISO27001 certification, with audits by top tier auditing firms. These certifications assess five trust principles—security, availability, processing integrity, confidentiality, and privacy, ensuring robust safeguards like encryption, access controls, and monitoring. User assets are strictly separated and stored in independent custodial wallets, with 90% of assets stored in cold wallets.

Furthermore, independent custodial wallets utilize an exceptional licensed custody framework to protect assets under a corporate level hardware security module (HSM) with Federal Information Processing Standards (FIPS) 140-2 Level 3 certification. Developed by the National Institute of Standards and Technology’s (NIST) Computer Security Division, this certificate requires physical tamper-resistance hardware and identity-based authentication with separation between interfaces and encrypted private keys.

Insurance Coverage

Digital assets are also backed by globally leading insurance providers with deep experience in covering crypto firms and assets. HashKey MENA's wallet infrastructure is covered by world-class insurance provider OneDegree. Other insurance policies include professional indemnity insurance (PII), directors' & officers' liability insurance (D&O), and commercial crime insurance covering the virtual assets held in hot wallets. These multi-million dollar insurance policies not only follow the requirements of regulations, but showcase the high standards HashKey MENA is dedicated to providing to users.

In addition to insurance and high-level security practices, HashKey MENA goes above and beyond to gain the trust of our clients and users. Independent international audit firms audit annual financial statements in accordance with International Financial Reporting Standards (IFRS), and file with regulated authorities. HashKey MENA also conducts rigorous customer due diligence through mandatory KYC/KYB verification, regular AML checks, Travel Rule compliance, and consistent transaction and trade monitoring at high industry standards.

"HashKey MENA is committed to providing a trusted environment where users can trade with confidence, backed by institutional-grade safeguards and compliance-first practices. Our platform is built to strive for the best security standards, ensuring peace of mind for both individuals and institutions," Ben El-Baz, Managing Director, HashKey MENA.

In an industry where trust is paramount, HashKey MENA sets the benchmark through its multi-layered security framework. The platform adheres to stringent global standards, employing advanced safeguards such as secure offline storage, comprehensive insurance coverage, and rigorous compliance protocols. By collaborating with trusted financial institutions and auditors, HashKey MENA ensures robust asset protection and operational transparency.

At HashKey MENA, safeguarding assets isn’t just a goal, it’s the unwavering standard driving every innovation and partnership.

Risk Disclaimer: Virtual assets are highly volatile and may lose all or part of their value. Investing in virtual assets carries significant risks, including the potential loss of all funds, and is not protected by any form of financial safeguards. Please invest cautiously based on your financial situation and risk tolerance.

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About HashKey MENA

HashKey MENA is the flagship business under HashKey Group, offering licensed crypto asset trading services. HashKey MENA FZE, the operating entity of HashKey MENA, is licensed by the Dubai Virtual Assets Regulatory Authority (VARA) as a Virtual Asset Service Provider (VASP Reference: VL/25/03/002) to conduct (i) Exchange Services and (ii) Broker-Dealer Services. HashKey MENA does not service users from Hong Kong, United States, Mainland China and certain other jurisdictions in compliance with laws and regulations. Certain services, features, and campaigns may not be available in your jurisdiction.