Hong Kong, Dec. 12, 2023 – HashKey Exchange, a licensed virtual asset trading platform in Hong Kong, has officially entered into a strategic partnership and signed a MOU with SINOHOPE (stock code: 1611.HK). Both parties will carry out in-depth cooperation in sectors such as secure storage and custody of virtual assets, OpenLoop clearing and settlement networks, compliant virtual asset funds, STO, RWA, and public blockchain technology.
In accordance with the MOU agreement signed by both parties, it is mutually agreed to complement each other’s strengths at the product solution level, leveraging their respective years of experience in virtual asset storage, custody, and Web3 products and solutions. The collaboration aims to assist customers in conveniently experiencing virtual asset services. In the future, both parties will jointly develop customized solutions for the market and key clients. This collaboration seeks to enhance the security and availability of products and services, providing users with an improved experience and fostering the growth of their respective businesses.
In the aspect of collaborating on compliant virtual asset funds, a subsidiary of SINOHOPE , Sinohope Asset Management (Hong Kong) Limited (hereinafter referred to as “Sinohope Asset “), within the permissible regulatory framework. the products of Sinohope Asset’s compliant fund will be engaged in regulated virtual asset trading on HashKey Exchange in accordance with fund strategies.
In addition, HashKey Exchange and SINOHOPE will engage in in-depth communication and technical exchange. Both parties will explore the collaboration within a compliant framework to implement SINOHOPE’s MPC custody product on HashKey Exchange’s Openloop clearing and settlement network. This collaboration aims to provide professional investors with a more convenient and secure trading experience.
In the future, both parties will collaborate on emerging industry trends like STO, RWA, and public chains, aiming to enhance communication with regulatory authorities and support promising enterprises and projects in Hong Kong through investments and incubation.
This collaboration signifies a mutual empowerment of industry ecosystems. From Web3 products and solutions such as virtual asset storage, custody, and payments, to cooperation on compliant virtual asset funds, HashKey Exchange and SINOHOPE will engage in deep collaboration and communication across various formats within the Web3 space in the future. Through these partnerships, both parties will jointly drive business development, enhance market competitiveness and efficiency in market expansion. This will strengthen the complementary capabilities of both entities, contributing greater force to the innovation of Web3 product applications and the development of the digital economy in Hong Kong.
About HashKey Exchange
On a mission to set the bar for virtual asset exchanges in compliance, safety, and security, Hash Blockchain Limited (HashKey Exchange) has been granted as the first batch of licensed virtual asset exchanges to offer retail services in Hong kong. HashKey Exchange has recently received approval from the Securities and Futures Commission (SFC) of Hong Kong to operate a virtual asset trading platform under Type 1 (Dealing in securities) licence and Type 7 (Providing automated trading services) licence. As HashKey Group’s exchange business, HashKey Exchange provides all-in-one trading services for both professional investors (PI) and retail investors. HashKey Exchange has obtained ISO 27001 (Information Security) and ISO 27701 (Data Privacy) management system certifications.
Stay tuned for more details about HashKey Exchange.
About SINOHOPE
Sinohope Technology Holdings Limited (stock code: 1611.HK, “SINOHOPE”) is an all-in-one platform for digital assets custody, focusing on digital asset custody and provides a variety of custody solutions to help every enterprise use digital assets safely and conveniently. SINOHOPE adopts MSC-CMP technology to support users to manage private key fragmentation and collaborative signature in a distributed way, which solves the single point risk of private key and effectively increases transparency and ease of use.
Adhering to the principles of security, compliance, professionalism and diversity of services, SINOHOPE provides easy-to-use centralized and decentralized mixed services. Based on the MPC self-custody platform and licensed digital asset custody services, SINOHOPE also provides customized OTC desk, virtual assets management, Web3 Full-stack Suite and other products and services for institutional and high net worth clients.
