HashKey Exchange, Hong Kong’s largest licensed virtual asset exchange, announced Tuesday the signing of a memorandum of understanding (MOU) with HATA, Malaysia’s licensed digital asset exchange to deepen its expansion in Southeast Asia.
HashKey Exchange said in a statement that this partnership marks a significant step in its’s Southeast Asia strategy and aims to deliver a secure and transparent framework of digital asset services for regional users.
According to the MOU, HashKey Exchange and HATA will leverage their respective strengths in Hong Kong and Malaysia to explore a multi-dimensional collaboration in the Southeast Asian market, focusing on areas including technology, regulations, user experience, and business model innovation.
Specifically, the partners will evaluate application programming interfaces (API) connectivity and system integration to boost efficiency and market liquidity.
The collaboration will also involve a joint study of regulatory frameworks in jurisdictions like Hong Kong and Malaysia to ensure a compliant and robust operating model.
These efforts are aimed at optimizing trading experiences for investors across Southeast Asia, alongside a push to develop diverse business models that support the region’s sustainable market growth.
Haiyang Ru, Chief Executive Officer of HashKey Exchange BG, said they are delighted to partner with HATA to explore digital asset opportunities in Southeast Asia.
“Together, we look forward to driving the growth of the regional digital finance ecosystem and bringing safer, more compliant, and more efficient services to Malaysia and the wider Southeast Asian market,” he added.
David Low, Co-founder and Chief Executive Officer of HATA, commented the collaboration with HashKey Exchange marks a significant milestone for the digital asset ecosystem in Asia.
“By combining HATA’s strong foundation in Malaysia with HashKey’s regulatory expertise in Hong Kong, we are laying the groundwork for a more connected and compliant cross-border digital finance network that benefits users across Southeast Asia,” he added.
This partnership demonstrates HashKey Exchange’s position as a leading licensed exchange in Asia.
Moving forward, HashKey will continue to expand regional partnerships to support the healthy growth of the digital asset sector and provide better services for both individual and institutional users, said the statement.
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