Cooperation Agreement between TON and HashKey to Expand Access to Fiat On-Ramp and Off-Ramp Ports for Telegram Wallet Users in the Asia-Pacific Region.
The TON Foundation has announced a strategic partnership with HashKey Group, a digital asset financial services company based in Hong Kong.
The collaboration aims to provide incubation support for projects within the ecosystem, enhancing access to on-ramp and off-ramp services for Telegram Wallet users in the Asia-Pacific region.
Livio Weng, CEO of HashKey Group, shared that the strategic partnership between the two organizations also aims to support and invest in early-stage projects within the TON ecosystem.
“By simplifying the fiat on-ramp and off-ramp experience, we aim to integrate cryptocurrencies seamlessly into daily life, fostering accessibility and innovation within the TON ecosystem.”
The TON Foundation also stated that they are exploring options for treasury management with HashKey Group.
🥳@HashKeyGroup and @ton_blockchain team up for strategic collaboration, bolstering TON ecosystem projects and #virtualasset services in APAC.
— HashKey Group (@HashKeyGroup) April 12, 2024
A powerful alliance driving forward innovation and adoption in the #crypto world!
👉https://t.co/OAKqfHOtgQ
#crypto #partnership
HashKey Group, a subsidiary of China’s Wanxiang Group conglomerate, is a financial company headquartered in Hong Kong. Its primary service is diversified asset management ranging from large economic entities to individuals. HashKey Group primarily operates in markets such as Singapore, Shanghai, and Japan. HashKey Group has three subsidiaries, including:
- HashKey Exchange: One of the first legally licensed exchanges in Hong Kong. It recently established the global branch HashKey Global on April 8, 2024.
- HashKey Capital: Asset management unit specializing in blockchain technology and cryptocurrency investments. Currently, the fund is invested in over 2000 assets and 200 different companies in the cryptocurrency field.
- HashKey Cloud: Provider of blockchain node authentication services and Web3 infrastructure.
- HashKey Tokenisation: Offers services for tokenizing real-world assets (RWAs).
- HashKey NFT: Provides services for nurturing, creating, and operating Web3 communities.
- HashKey Chain: A Layer-2 network built on Ethereum using zero-knowledge proof (ZKP) technology, expected to launch testnet in the next 6 months and mainnet within approximately 1 year.
Meanwhile, the TON blockchain has evolved into a vibrant Web3 ecosystem, fueled by the $115 million Open League ecosystem development fund announced in late March.
At the time of writing, the TON price is hovering around $7, down nearly 4% in the last 24 hours but has increased by 100% over the past month, driven by various news such as enabling TON usage in advertising payments and upcoming IPO intentions.
