HashKey Group Unveils New Collaboration with Alibaba Cloud and PlatON to Build Technology Platform for Web3 Developers 

From left to right:
Leo Liu, General Manager of Hong Kong SAR, Macau SAR and Philippines of Alibaba Cloud Intelligence
Leo Li, CEO of HashQuark (HashKey Group’s staking-as-a-service business)
Alex Tao, Head of ECO of PlatON

Hong Kong, 29 November 2022 -- HashKey Digital Asset Group (“HashKey” or “HashKey Group”) has signed a Memorandum of Understanding with Alibaba Cloud and PlatON to explore potential collaborations on various projects, including co-developing and supporting an infrastructure and technology platform for developers in the Web 3.0 space.

The platform aims to provide developers with the necessary and consummate back-end technology services such as cloud computing and multi-chain Web 3.0 infrastructure including decentralised identifiers (DID) to build various Web 3.0 applications and protocols in gaming, social media and the Metaverse, among others.   

The collaboration was officially announced on 29 November at the Alibaba Cloud Summit Hong Kong 2022. Attendees at the Summit were able to claim a limited-edition digital collectible in the form of a non-transferrable Soulbound Token (SBT). The SBT was created and minted via HashKey DID and can only be claimed through its decentralised application (DApp) at www.hashkey.id.

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, is one of the world’s most established and recognised public cloud IaaS service providers; PlatON is a next-generation internet infrastructure protocol underpinned by the fundamental properties of blockchain and privacy-preserving computation network.

Michel Lee, Executive President of HashKey Group, said, “As an end-to-end digital asset company, we are a firm believer that, for Web3 to blossom and gain widespread adoption, it's imperative for market players to work together to create a thriving and highly performant ecosystem for its users. HashKey is delighted to collaborate with Alibaba Cloud and PlatON, two leading digital service providers, to explore and bring to life a world-class infrastructure platform for Web 3.0 developers, as we continue to lead the charge in empowering companies' digital transformation initiatives and adding value to the wider digital asset ecosystem.”

Leo Liu, General Manager of Hong Kong SAR, Macau SAR and Philippines of Alibaba Cloud Intelligence, said, “The applications centred around Web 3.0 have been booming, resulting in new innovation across sectors. To support developers and businesses better capture these emerging opportunities, we launch this new platform featured with the cutting-edge technology and service capabilities of our partners HashKey Group and PlatON, as well as the robust and resilient cloud computing architecture of Alibaba Cloud.”

Alex Tao, Head of ECO at PlatON, said, "PlatON, as a decentralised privacy-preserving computation network, will work with Alibaba Cloud and HashKey to create a global ecosystem and community of Web3 developers centred in Hong Kong. Based on the professional cloud service architecture of Alibaba Cloud, we will provide global hotspot services in the fields of middleware and developer components, and jointly build a platform to facilitate continuous innovation in Web3 development worldwide. Full of expectations for the trilateral cooperation, we’re confident that we will make the Web3 community, innovation platform and regional inclusive benefit bigger under the premise of legal compliance."

This collaboration comes days after HashKey Group’s announcement where its subsidiary Hash Blockchain Limited had obtained the full licence from the Securities and Futures Commission of Hong Kong to operate an institutional-grade virtual asset trading platform for professional investors. With its recent licence approvals, along with its new Web3 infrastructure service offerings, HashKey continues to bolster and expand its suite of virtual asset services as it looks to become the platform of choice for institutions in Asia seeking to get involved in the blockchain-enabled ecosystem.

HashKey Group Press Contacts
Trevor Cheng
Senior Marketing and Client Strategy Manager
trevor.cheng@hashkey.com

Jason Li
Marketing and Client Strategy Manager
jason.li@hashkey.com

About HashKey Group 

HashKey Group is an end-to-end digital asset financial services group in Asia. HashKey Group provides a complete ecosystem across the entire digital asset landscape, ranging from trading, custody, venture investment, technologies to Web3 infrastructure. HashKey’s senior team has decades of investment and trading experience, strong business execution and deep market insights gained from tier-one banks, regulators and FinTech ventures. By bringing together the most advanced blockchain research and development and technologies, HashKey identifies potential opportunities and delivers end-to-end solutions that operate within regulatory frameworks with the highest compliance standards. HashKey Group has operations in Hong Kong, Singapore and Japan, and extensive partnerships with FinTech and blockchain solutions providers, academic institutions and associations.

Notes and Disclaimer
Views, information and opinions expressed in this material are those of the individuals involved and do not necessarily represent that of the HashKey Group (including any of its affiliates). While we make every effort to ensure that the information we are sharing is accurate, we welcome any comments, suggestions, or correction of errors.

This material should not be considered as an offer or solicitation to sell, buy or subscribe to any financial instruments or product, securities or any derivative instrument, or any other rights pertaining thereto. We are not acting as a financial adviser, consultant or fiduciary to you with respect to any information provided in this material. We do not express any opinion or recommendation whatsoever as to any strategies, products or any other information presented in the materials.

Any decision made by a party after accessing to this material shall be on the basis of its own research and not be influenced or based on any view expressed in this material or otherwise. This material does not address all risks. This material does not constitute investment advice or a recommendation and has been prepared without regard to individual financial circumstances, objectives or particular needs of you. You should seek their own financial, tax, legal, regulatory and other advice regarding the appropriateness or otherwise of investing in any investments and/or pursuing any investment strategies. The HashKey Group does not express any opinion as to the present or future value or price of any instruments referred to in this material.

By accessing this material, you acknowledge that the HashKey Group makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this material. The information, opinions, and recommendations presented in this material are for general information only and any reliance on the information provided in this material is done at your own risk. This material should not be considered professional advice. Moreover, the HashKey Group makes no warranty that this material, or the medium that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.

By accessing this material, you acknowledge that the entire contents and design of this material, are the property of the HashKey Group, or used by the HashKey Group with permission, and are protected under applicable copyright and trademark laws. Except as otherwise provided herein, users of this material may save and use information contained in this material only for personal or other non-commercial, educational purposes. No other use, including, without limitation, reproduction, retransmission or editing, of this material may be made without the prior written permission of the HashKey Group.

Unless specifically stated otherwise, the HashKey Group does not endorse, approve, recommend, or certify any information, product, process, service, or organisation presented or mentioned in this material, and information from this material should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this material do not necessarily reflect the opinions, standards or policies of the HashKey Group. The HashKey Group assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this material or the compliance with applicable laws of such materials and/or links referenced herein.

The HashKey Group expressly disclaims any and all liability or responsibility for any direct, indirect, incidental, special, consequential or other damages arising out of any individual’s use of, reference to, reliance on, or inability to use, this material or the information presented in this material.