Shanghai Commercial Bank has announced a partnership with HashKey Exchange to explore ways of integrating traditional finance with digital assets.

The collaboration aims to advance Hong Kong’s fintech infrastructure and accelerate the city’s transition from digital finance concepts to practical implementation.

The partnership will establish a framework for cooperation between banks and virtual asset institutions within a regulated environment.

It is also expected to serve as a model for broader industry collaboration.

In the initial phase, the two parties plan to introduce one of Asia’s first co-branded Visa credit cards between a bank and a licensed digital asset exchange.

The card will feature a dual rewards programme that combines traditional and digital asset services.

Wallace Lam Wing-ted, Chief Executive of Shanghai Commercial Bank, said:

“As the first of its kind in Asia, it demonstrates how traditional finance and digital assets can complement one another. Shanghai Commercial Bank remains committed to driving financial innovation, and this initiative reflects that commitment.”

Dr Xiao Feng, Executive Director, Chairman and CEO of HashKey Group, said:

“The first phase of digitalisation was about tokenising assets, while the next will be about tokenising rules. HashKey Exchange aims to serve as a bridge for that transformation, creating an ecosystem where regulation, trust, and innovation can coexist.”

Featured image credit: Shanghai Commercial Bank