HashKey Group to Provide Web3 Infrastructure Support for Tokenization of Various Financial Assets, Including Bank Deposits and Green Bonds

HashKey Group will integrate its practical experience in virtual asset custody, trading, digital payments, STO solutions, and tokenization of physical assets to provide comprehensive Web3 infrastructure support for the tokenization of various financial assets, including bank deposits and green bonds. Xiao Feng, Chairman and CEO of HashKey Group, stated, “In the Web3 new economy, CBDC based on distributed ledger technology essentially represents digital cash, promoting interoperability between traditional financial markets and Web3 financial markets. The HKMA’s wCBDC Project Ensemble will initially focus on use cases for tokenized deposits and tokenized asset trading, further studying the value brought by programmability and atomic settlement of digital assets. We can expect to explore feasible standards and rules that make mainstream use of digital assets in financing, payment, and settlement scenarios possible, thereby contributing to a more efficient and liquid economic system in Hong Kong.”