Hong Kong’s virtual bank ZA has announced its plan to become the go-to bank for the Web3.0 ecosystem, providing essential banking services to these enterprises.
ZA Bank said that it is now fully equipped to serve as the settlement bank for regulated Web3.0 entities in Hong Kong, and is prepared to facilitate licensed virtual asset trading platforms (VATPs) like Hash Blockchain Limited to process and settle transactions in a timely fashion.
Recently, ZA Bank has also started offering online account opening for local SMEs and startups from the Web3.0 community with a streamlined and efficient account opening process to allow easier access to basic banking services.
“As Hong Kong is stepping up efforts to cultivate a Web3.0-friendly environment, ZA Bank’s online account opening for Web3 startups represents a major step forward in the integration of traditional banking services with the Web3.0 world.
It signals a greater acceptance and recognition of the importance of this emerging sector and hopefully will encourage other financial institutions to follow suit in offering tailored banking services for Web3.0 companies. We look forward to exploring collaborations with key global Web3.0 businesses such as HashKey, OKX, and more.”
