Hong Kong, August 28, 2024 - HashKey Group ("HashKey" or the "Group"), Asia's leading end-to-end digital asset financial services group, today announced that it has joined the Hong Kong Monetary Authority's Ensemble Project Sandbox.

As one of the participants in the Ensemble project architecture working group with a comprehensive Web3 ecosystem, HashKey will first explore the tokenization and trading of real-world assets (RWA) including carbon credits, green assets and money market funds.

Dr. Feng Xiao, Chairman and CEO of HashKey Group, said: "HashKey Group is honored to be a member of the Hong Kong Monetary Authority's Ensemble Project Sandbox, which supports financial institutions to use wholesale central bank digital currencies (wCBDCs) based on distributed ledger technology to explore the interoperability between tokenized currencies and tokenized assets. This will greatly promote the interconnection between traditional financial markets and Web3 markets, provide more automated and intelligent services for the fiat currency system, and promote inclusive finance. It is another major measure for Hong Kong to support financial innovation. By participating in the Project Ensemble Sandbox, HashKey Group will use the group's successful experience in asset tokenization and digital asset trading to contribute to building a more efficient and robust economy."

HashKey Group joined the Hong Kong Monetary Authority's Ensemble Project Architecture Working Group in May this year. As a leader in supporting financial innovation, HashKey's business covers the entire Web3 field, including providing tokenization consulting, token architecture design, and providing trading platforms and liquidity for tokenized assets for different categories of assets. HashKey also has decentralized infrastructure, such as supporting token issuance through the Ethereum Layer-2 network HashKey Chain, and all these services will operate within a robust system and high compliance standard regulatory framework.

The Group believes that through this sandbox trial, the innovative development of tokenization and central bank digital currencies at the wholesale level will no longer be limited to theoretical discussions, but will create real and tangible value. The results of the trial will help promote the development of innovative financial market infrastructure and consolidate Hong Kong's leading position in the Web3 field.

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