ZA’s Post

Historic Milestone: ZA Bank Launches Hong Kong's First Virtual Bank Digital Asset Trading Services, Powered by HashKey Exchange! We are excited to support ZA Bank in achieving this groundbreaking milestone, marking a new chapter in Hong Kong's regulated digital asset ecosystem. Throughout the past 12 months, we have worked closely together to demonstrate what is possible when innovation meets institutional excellence. Key Highlights of Our Delivery: • Institutional-grade Custody Platform: Comprehensive insurance coverage, ensuring full regulatory compliance and client asset protection • Enterprise infrastructure: 99.9% uptime and availability • Deep liquidity Orderbook: Backed by top-tier global market makers • Comprehensive FIX Protocol Support: Versions 4.4 and 5.0 SP2, developed from the ground up with low latency and high throughput • Developer-friendly API SDK & Sandbox environment for quick scenario testing and deployment What Sets HashKey Apart: • Dedicated Implementation and Support Teams: Tailored product assistance to meet client needs • 24/7 Technical Support: Accessible through multiple channels with quick response times • Expert Team: Composed of seasoned professionals in capital markets and cryptocurrency exchange • Rapid Product Iteration: Two-week development cycles for ongoing feature rollouts and enhancements • Multi-Login Features: Supporting diverse user roles for institutional clients • Automated API Fiat On/Off Ramp Rails: Streamlining real-time transactions for collections and payments • Unique Omnibus Virtual Asset In/Out Solution: Supporting up to 10,000 wallet addresses with scalability options per account Looking Ahead: This successful launch with ZA Bank demonstrates our ability to empower traditional financial institutions in their digital asset journeys. We are excited to continue driving institutional adoption of digital assets in Hong Kong and beyond. Stay tuned for more exciting developments from HashKey Group! #DigitalAssets #Fintech #VirtualBanking #HashKey #ZABank #HongKong #Web3 #Innovation #FinancialServices

We’re proud to share that our groundbreaking service launch has become a true #PRpowerhouse. 🎉 On Monday, our story not only made waves on #BloombergTV but also broke through the financial sector to land an #A1frontpage feature on Sing Tao Daily in Hong Kong. 📰 And the momentum hasn’t stopped there—it’s now gaining traction across social media, especially X, sparking ongoing discussions and engagement on platforms everywhere. This campaign is a shining example of how innovation, combined with strategic PR, can create a ripple effect that resonates far beyond the initial launch. 💥 From mainstream media to social platforms, the buzz is only just beginning.🚀 #ZABank #Fintech #Crypto #DigitalBanking #YourFutureBankForNow #BankingForWeb3

#HongKong is moving forward swiftly in the #crypto world and the new developments made by the country is a proof of it. The #ZhongAn (ZA) Bank of Hong Kong has now allowed trading of two leading cryptocurrencies, #Bitcoin and #Ethereum in Hong Kong as well as US dollars on its banking application. Read full story: https://lnkd.in/gZXC2ejE

Mox Bank becomes the first virtual bank in Hong Kong to offer crypto investments. The service offers a convenient way to gain exposure to the crypto market through a regulated and familiar investment platform without the complexities of managing a personal crypto wallet, making Mox the first virtual bank in Hong Kong to offer crypto-related investment products. This new service comes at a pivotal time, as a survey reveals nearly one-third of people in Hong Kong have engaged with crypto and 1 in 3 crypto owners are likely to switch their primary banks to one that offers crypto-related products. By fostering a culture of innovation in an increasingly dynamic and fast-paced business environment, Mox strategically aligns its services with customer demand and simplifies access for gaining confidence with an emerging asset class. Crypto-related investing available from the Mox app further solidifies Mox’s position as a forward-thinking digital bank. A range of Crypto ETFs permitted to be offered to Hong Kong retail investors under Hong Kong regulations will be available via Mox Invest, including HK-listed spot and derivative Crypto ETFs and US-listed derivative Crypto ETFs. Investable underlying assets include Bitcoin and Ethereum for spot Crypto ETFs and Bitcoin and Ethereum futures for derivative Crypto ETFs. Source: https://lnkd.in/gmv6enkB #banking #bank #openbanking #bankingindustry #bankingtech #fintech #financialtechnology #financialservices

🚀 Hong Kong’s ZA Bank Bridges Fiat and Crypto! 💳💱 ZA Bank, Hong Kong’s largest virtual bank, has launched a groundbreaking service allowing retail users to buy and sell Bitcoin (BTC) and Ethereum (ETH) directly with fiat currencies via its banking app. Here's what you need to know: 💡 Key Features of ZA Bank’s Crypto Service 🔹 Fiat-to-Crypto Trading: - Users can seamlessly buy Bitcoin and Ethereum using fiat currencies. - Currently, only these two cryptocurrencies are available for purchase. 🔹 Regulatory Compliance: - Users must have a ZA Bank account and complete a risk assessment before trading. - The service is powered by a partnership with HashKey Exchange, ensuring adherence to Hong Kong’s strict regulations. 🔹 Simplified Access: - The service integrates directly into ZA Bank’s app, making crypto trading more accessible for its 800,000+ users. 🌍 Boosting Hong Kong’s Web3 Ecosystem ZA Bank aims to merge traditional banking with the rising demand for cryptocurrencies, while also advancing the development of the Web3 ecosystem. - Calvin Ng, ZA Bank’s chief executive, emphasized crypto as a tool for diverse asset allocation opportunities. - Livio Weng, CEO of HashKey Exchange, highlighted their commitment to providing diversified financial services in collaboration with ZA Bank. 📜 Hong Kong’s Growing Crypto Landscape 🔸 Retail Crypto Trading Launched: Retail crypto trading in Hong Kong began only in August 2023, signaling a significant regulatory shift. 🔸 Licensed Exchanges: - Currently, only OSL, HashKey, and HKVAX are licensed to operate under the Securities Futures Commission (SFC). - More licenses are expected by the end of the year. 🌟 Why This Matters ZA Bank’s move cements its position as a leader in digital banking while boosting crypto adoption in Hong Kong. This development is a testament to the growing integration of traditional finance with digital assets, paving the way for a Web3-driven future. 💡 Will this service spark wider crypto adoption in Hong Kong? Time will tell, but the momentum is strong. 🌐📊 #ZABank #crypto #digitalpayments #digitalassets Disclaimer: No information contained herein constitutes financial or investment advice nor should it be considered as such.

🔥Hong Kong's ZA bank just launched direct crypto trading for retail customers, making it the first bank in Asia to offer such services. Read more: https://lnkd.in/gjVJkgQX C# Corner #Crypto #HongKong #DigitalBank #ZABank #DigitalAssets #Finance #Web3Universe #Ethereum #BTC

Hong Kong has introduced the Stablecoins Bill to establish a regulatory framework governing the issuance, operation, and management of stablecoins. Aimed at fostering financial stability and protecting public interests, the legislation delineates responsibilities for entities involved in stablecoin activities, licensing requirements, enforcement measures, and investigatory powers for the Hong Kong Monetary Authority (HKMA) Authority. To read the full article, subscribe to The Digital Currency Journal on https://lnkd.in/dYYi-Vx9. #DigitalCurrency #CBDC #DLT #BlockchainInnovation #BankingTechnology #Fintech #FinancialInnovation #InterbankSettlement #DigitalTransformation #WholesaleCBDC #FutureOfFinance #CBDC #FintechInsights #Fintech #hongkong

In a major stride for cross-border finance, Hong Kong Monetary Authority (HKMA) has announced two groundbreaking partnerships with the Central Banks of Brazil and Thailand under Project Ensemble, targeting cross-border tokenization and CBDCs. Here’s how these partnerships are reshaping the landscape: 🔹 Brazil: HKMA and Banco Central do Brasil will connect Drex, Brazil’s experimental CBDC, with HKMA's Ensemble Sandbox. This will test tokenization in foreign exchange (PvP) and securities trading (DvP), two high-risk areas where transparency and security are crucial. The Brazilian Central Bank is betting on Drex’s success, hoping to replicate the success of its popular Pix payment system. 🔹 Thailand: HKMA and Bank of Thailand (BOT) will jointly explore tokenization’s role in carbon credits and trade payments. This effort links HKMA’s Project Ensemble with BOT’s Project San, focusing on DLT-backed financial market infrastructure for global integration. 💡Both initiatives highlight a unified global vision for integrating technology in finance. By leveraging distributed ledger technology (DLT), these partnerships aim to streamline cross-border payments while reducing counterparty risks. 🏦 Meanwhile, Bolivia’s Banco Bisa is integrating USDT for seamless, cost-effective transfers, adding another chapter to Latin America’s growing adoption of digital assets. With leaders like HKMA pushing boundaries, tokenization is set to redefine trust and efficiency in global finance. 💸 Check out more information here: https://lnkd.in/dU-_WXRN #tokenization #CBDC #blockchain #bsv #fintech #finance #crossborderpayments #tcl #neucron #assetyzer #bigdata #bigvision # #HKMA #digitalfinance

Hong Kong has introduced the Stablecoins Bill to establish a regulatory framework governing the issuance, operation, and management of stablecoins. Aimed at fostering financial stability and protecting public interests, the legislation delineates responsibilities for entities involved in stablecoin activities, licensing requirements, enforcement measures, and investigatory powers for the Hong Kong Monetary Authority (HKMA) Authority. To read the full article, subscribe to The Digital Currency Journal on https://lnkd.in/dutp9DEh. #DigitalCurrency #CBDC #DLT #BlockchainInnovation #BankingTechnology #Fintech #FinancialInnovation #InterbankSettlement #DigitalTransformation #WholesaleCBDC #FutureOfFinance #CBDC #FintechInsights #Fintech #hongkong