HashKey and Kraken Unite to Advance Asset Tokenization in Asia
HashKey Group, a leading digital asset financial services group in Asia, has announced a strategic partnership with Kraken, a global cryptocurrency exchange with a long history. This collaboration aims to drive the adoption of institutional-grade asset tokenization in the Asia-Pacific region.
The two companies will combine their resources and expertise to collaborate on products, ecosystem development, and market expansion. This strategic alliance is designed to accelerate the integration of traditional finance with crypto assets, unlocking significant potential in the Real World Asset (RWA) tokenization market in Asia.
Key Areas of Collaboration
Both HashKey and Kraken agree that the intersection of traditional finance and digital assets represents a trillion-dollar market opportunity. As more institutional money prepares to enter the asset tokenization space, the two companies will jointly explore several strategic directions, including:
- Market Building and Product Synergy: The companies will align their market strategies and promote the development of institutionally-oriented on-chain products, connecting Eastern and Western markets.
- Ecosystem Expansion and Regulatory Collaboration: Integrating resources to support the development of the developer ecosystem, industry exchange, and regulatory dialogue, facilitating tokenization development across jurisdictions.
- Joint Branding and Education: Launching joint branding initiatives to raise awareness of asset tokenization innovations and their practical value, helping these assets become an integral part of modern diversified investment portfolios.
Executive Statements
Dr. Xiao Feng, Chairman and CEO of HashKey Group, stated: "This strategic partnership represents a significant opportunity in the digital finance space. By integrating Kraken's institutional service capabilities with HashKey's infrastructure and regulatory advantages in Asia, we are building a stronger East-West cooperation platform in this rapidly evolving field."
Arjun Sethi, co-founder and CEO of Kraken, said, "The tokenization of financial products represents a significant evolution in market infrastructure. Our partnership with HashKey reflects our shared vision of promoting institutional engagement on a global scale, especially in markets with clear regulatory frameworks and robust infrastructure."
About HashKey and Kraken
HashKey: A leading digital asset financial services group in Asia with a global presence. Building a global Web3 ecosystem across Hong Kong, Singapore, Japan, Bermuda, among others.
Kraken: One of the oldest and most secure digital asset platforms in the world, founded in 2011. Supports over 500 digital assets and traditional assets such as US futures, stocks, and ETFs.
