HashKey Group, a Hong Kong-based digital asset management and blockchain solutions provider, has partnered with digital insurer ZA International to invest in digital assets, Web 3.0 and distributed ledger technology (DLT) amongst other areas.
Through this MoU, both entities will be pooling their resources, expertise and experience, and work to achieve this.
ZA International is the international arm of China’s ZhongAn Online P&C Insurance and holds both virtual banking and digital-only insurance licenses in Hong Kong.
The company had recently unveiled its plan to tokenise its ZA Coin offered under its reward programme.
Meanwhile, HashKey has made investments in over 300 projects since 2015, and infrastructure support of over 40 public chains.
In November this year, its subsidiary Hash Blockchain was granted the full licenses by the Securities and Futures Commission of Hong Kong to provide virtual asset trading services to professional investors.
Wayne Xu, President of ZA International said,
“We have been a staunch supporter of the development of fintech and digital assets in Hong Kong and this collaboration marks another key milestone along our journey into the digital asset, Web3 and DLT space.
Despite the recent uncertainties surrounding the industry, we still believe that with proper governance and regulations, it will play an integral role in shaping the future of finance. The digital asset industry looks set to flourish across Asia, while the Hong Kong government has also laid out its vision to be a global virtual asset hub.”
Michel Lee, Executive President at HashKey Group said,
“We are very excited to collaborate with ZA International, one of the world’s largest online technology firms.
ZA International brings years of expertise and know-how in technology and fintech, which complement well with HashKey’s products and track record in infrastructure building, putting us in a potent position to deliver added value to the current digital asset landscape and contribute to the growth of the Web3 ecosystem.”
