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HashKey Partners with Victory Securities for Enhanced Custody and Trading Services

HashKey Exchange has recently forged a strategic alliance with Victory Securities to bolster virtual asset services within the Hong Kong market.

In an official declaration from HashKey, the exchange unveiled its partnership with Victory Securities, a licensed investment management firm regulated by the Hong Kong Securities and Futures Commission (SFC), on March 28th.

HashKey to Enhance Digital Asset Services

The partnership is geared towards enhancing virtual asset trading and custody services to cater to the increasing demands of investors. Victory Securities, renowned for being the first in Hong Kong to obtain SFC licensing for virtual asset services, brings regulatory expertise to the table.

Through this collaboration, HashKey Exchange aims to broaden its offerings, including the trading of major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). This move reinforces its position as a provider of diverse virtual asset services within a secure and regulated framework.

“We’re excited to join forces with Victory Securities and deliver compliant, secure, and efficient solutions for virtual asset management to institutional clients,” stated Livio Weng, COO of HashKey Group and CEO of HashKey Exchange.

Weng added, “This collaboration underscores HashKey Exchange’s commitment to strengthening its institutional business, steadily growing its user base, and expanding the scale of institutional operations.”

Victory Securities Joins Hong Kong Web3 Festival

Moreover, Victory Securities is set to participate in the upcoming Hong Kong Web3 Festival, a prominent global event organized by Wanxiang Blockchain and HashKey Group.

Taking place from April 6 to 9 at the Hong Kong Convention and Exhibition Centre, the festival aims to bring together key figures from the web3 sector.

During the event, Victory Securities will engage with industry leaders, project founders, investors, and regulators. Conversations will revolve around the latest advancements in web3, exploring cutting-edge technologies and assessing the impact of regulatory measures on the industry.

Kennix Chan, Executive Director of Victory Securities, remarked, “We are proactively embracing emerging trends, and our collaboration with HashKey Exchange holds significant importance in expanding the scope of our virtual asset trading services.”

Chan added, “We are committed to furthering the integration of virtual assets with traditional finance and contributing to the progression of Web3.”

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Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

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