HashKey Cloud, the Web3 infrastructure service provider under HashKey Group, signed a strategic cooperation agreement with digital asset infrastructure company BitGo Holdings, Inc. at Token2049 Singapore on Oct. 6, with the partnership centered on institutional digital asset services.
According to the announcement, the two sides plan to work together across staking, trading, custody and real-world asset, or RWA, related business.
Partnership spans staking, trading and custody
On staking, HashKey Cloud will become a validator partner for the BitGo platform. Initial support will cover ETH and SOL, with additional assets set to be added later.
On trading, the companies said they will connect trading and settlement channels for institutional clients, and the related business will be conducted through BitGo’s Singapore entity.
On custody, BitGo will provide institutional-grade digital asset custody support for HashKey-related business. The two firms also said they will explore custody cooperation tied to RWA.
Executives outline the goal of the deal
Leo Li, CEO of HashKey OnChain, said, 「The bottleneck for Asian institutions entering digital assets has never been willingness. It has been the lack of a complete service route from trading and custody to settlement that also meets institutional compliance requirements. Our cooperation with BitGo is a step toward completing that route in Asia-Pacific — HashKey provides local institutional client networks and digital asset infrastructure services in the region, while BitGo provides global institutional-grade custody infrastructure.」
Abel Seow, BitGo’s head of Asia-Pacific, said, 「Institutional demand in Greater China and across Asia-Pacific is growing rapidly, but global institutions need local licensing capability and network support to enter this market. HashKey’s presence in Hong Kong and across Asia-Pacific makes it an ideal partner for BitGo in the region. Through this cooperation, clients can obtain connected services across staking, trading, custody and tokenization.」
Focus on connecting institutional service channels in Asia-Pacific
The announcement said the agreement links BitGo’s global institutional client network with HashKey’s licensed operating foundation in Hong Kong and the broader Asia-Pacific region. For institutional clients, that means staking, trading and custody can be handled within a single service framework, reducing the cost of coordinating with multiple providers.
The statement also described the arrangement as a multi-area institutional partnership between a New York Stock Exchange-listed digital asset infrastructure company and a Hong Kong Stock Exchange-listed licensed digital asset financial services group.
Company background
HashKey Cloud is an institutional staking and yield infrastructure service provider under HashKey Holding Limited (HK.3887). The company said it has provided node validation services since 2018, covering major public blockchains and Layer 2 ecosystems, and offers institutional-grade digital asset staking infrastructure and on-chain yield solutions to global institutional investors, funds and underlying protocols.
BitGo (NYSE: BTGO) is a digital asset infrastructure company that provides custody, wallets, staking, trading, financing, stablecoin and settlement services. According to the announcement, it delivers those services through regulated cold storage and has worked since 2013 to accelerate the transition of the financial system toward a digital asset economy. BitGo operates multiple regulated entities globally, including BitGo Bank & Trust, National Association, which the announcement described as the first federally chartered digital asset trust bank owned by a listed company. The company now serves thousands of institutions worldwide, including major brands, financial institutions, exchanges and platforms, as well as millions of investors, the announcement said.
Risk disclosure in the announcement
HashKey Group said the announcement is for information purposes only and does not constitute investment advice, an investment invitation, solicitation, recommendation or guarantee. It also said that the bitcoin staking services and related offerings mentioned in the text may be subject to legal and regulatory restrictions in certain jurisdictions, and users should review the relevant service terms and risk disclosures, assess their own risk tolerance and comply with local laws and regulations.
The article was attributed to HashKey Group. The original text also stated that the piece reflected the views of a PANews contributing author and did not represent the position of PANews or constitute investment advice.