HashKey Digital Asset Group and ZA International come together to explore cooperative opportunities on digital assets, Web3 and distributed ledger technology (DLT).
HashKey Group and ZA International are uniting resources, expertise and experience to realise new investment opportunities in the blockchain ecosystem. The collaboration is seeking to identify the intrinsic value of the Web3 paradigm in Asia.
ZA International is the international arm of ZhongAn Online P&C Insurance Co., Ltd., an online insurtech company headquartered in China.
The home-grown fintech unicorn holds both licences in Hong Kong for virtual banking and digital-only insurance.
In this light, ZA International recently unveiled its plan to tokenise its ZA Coin offered under its reward programme. This move aligns with the company’s ambition to develop Hong Kong as a virtual asset hub. This is in addition to encouraging the local development of virtual assets.
The road to digital assets
HashKey Group is an end-to-end digital asset financial services group in Asia. Its ecosystem encompasses a digital asset exchange, brokerage and blockchain infrastructure.
The Group remains active in the development of digital asset solutions such as liquid staking platforms, NFT-based decentralised identifiers (DID) and non-custodial wallets.
While advocating digital asset adoption, it has invested in 300 projects since 2015 while providing infrastructure support for 40 public chains.
Just recently, Hash Blockchain Limited, a HashKey Group member, was granted full licences by the Securities and Futures Commission (SFC) of Hong Kong.
The licences allow it to provide virtual asset trading services to professional investors. Hash Blockchain has become the second firm in Hong Kong to receive such approval.
Even more recently, the Group formed a partnership with the Swiss crypto bank SEBA Bank. In a similar nature, the partnership is seeking to accelerate digital asset adoption in Hong Kong and Switzerland.
This same ambition is expected to be carried over to the Group’s newfound partnership with ZA International.
The future of finance
Wayne Xu, ZA International’s president, describes the collaboration as a “milestone along our journey into the digital asset, Web3 and DLT space.”
Despite the recent uncertainties surrounding the industry, Xu retains the belief that with proper governance and regulations, the collaboration will play an “integral role in shaping the future of finance.”
“The digital asset industry looks set to flourish across Asia. The Hong Kong government has also laid out its vision to be a global virtual asset hub,” continues Xu.
“We believe Hong Kong will soar on the right track with a promising future. And we look forward to joining hands with HashKey to unleash the huge potential of fintech.”
Adding to these thoughts, Michel Lee, executive president of HashKey Group, recognises how ZA International’s fintech will complement the Group’s products and infrastructure building.
This will place the Group in a “potent position to deliver added value to the current digital asset landscape and contribute to the growth of the Web3 ecosystem,” concludes Lee.
Image and article originally from thefintechtimes.com. Read the original article here.