Hong Kong-based HashKey recently announced a strategic partnership with non-custodial crypto wallet imToken. imToken would cater to the crypto exchange’s retail users who seek self-managed digital assets. HashKey’s partnership comes less than a month after it became the first licensed crypto exchange in Hong Kong.
According to a recent blog post by imToken, the strategic partnership formed with HashKey sought to bridge trusted and trustless services in the Web3 ecosystem. Both firms would work closely to offer a comprehensive, seamless, and secure solution to the exchange’s retail users who seek a combination of non-custodial wallets, fiat on-ramp/off-ramp services, and professional trading services.
imToken would serve as HashKey’s official non-custodial wallet partner, while the crypto exchange would provide a trusted platform for the wallet’s users to trade virtual assets. imToken added that the partnership would catalyze to bridge the gap between fiat and digital assets, as well as custodial and non-custodial solutions.
Speaking on the partnership with HashKey, imToken’s CEO and founder Ben He stated:
Our collaboration with HashKey Exchange represents a significant step forward in creating a seamless and secure ecosystem for Web3 enthusiasts. Together, we empower users to take control of their assets while ensuring they have access to a trusted fiat gateway for a holistic Web3 experience.
Livio Weng, the Chief Operating Officer of HashKey, added that the collaboration with imToken would offer a better virtual asset management experience to users. Earlier this month, HashKey Exchange upgraded its Type 1 and Type 7 licenses, which made it the first licensed trading platform in Hong Kong to offer retail services.
On August 4, HashKey Capital, a digital asset investment firm under the same parent firm as HashKey Exchange, announced plans to raise $100 million for a liquid digital assets fund. The fund, which is expected to go live on September 1, would reportedly be regulated by the Hong Kong Securities and Futures Commission (HKSFC).
