HashKey Group teams up with OneInfinity to strengthen Web3 realms

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HashKey Group has formed a strategic partnership with OneInfinity by OneDegree, the player in cyber security and insurance provide, to strengthen the Web3 and cybersecurity realms.

The collaboration with HashKey Group will provide digital asset wallet insurance with coverage exceeding US$1 billion in the upcoming policy year. Meanwhile, OneInfinity by OneDegree will collaborate with HashKey Group to provide digital asset wallet insurance for both hot and cold wallets.

This initiative aims to both enhance investor protection while delivering cutting-edge security measures for users of HashKey Group's platform.

The strategic partnership signifies a concerted effort to propel advancements in Web3 technologies while reinforcing cybersecurity measures. As they embark on this journey together, they are committed to shaping a more secure and robust digital future, according to the release.

Ben El-Baz, managing director of Hashkey Group, said: “Investor protection in the digital asset custody space is paramount, especially as the industry grows to a wider mainstream audience. Through this strategic alliance with AIFT, we are committed to adding additional protections to our platform that not only safeguard investors but also support the growth of the global digital asset market.”

Alvin Kwock, co-founder of OneInfinity by OneDegree, said: "We are excited to join forces with HashKey Group to address the escalating cybersecurity challenges faced by the Web3 ecosystem. Together, we are well positioned to drive innovation and resilience in this dynamic landscape.”

MARKETING-INTERACTIVE has reached out to HashKey for more information.

Back in September 2023, HashKey Exchange, the licensed retail virtual asset exchange in Hong Kong, has signed a memorandum of understanding (MoU) to form a strategic alliance with OneInfinity by OneDegree.

This partnership aims to strengthen investor protection in the digital asset space while supporting the development of Hong Kong’s digital asset market with advanced tech-enabled solutions.

Under the MoU, OneInfinity by OneDegree will work with HashKey Exchange on both hot and cold wallets, with the aim of making OneInfinity digital asset wallet insurance product and other inventive security measures available to investors using HashKey Exchange.

Additionally, the two companies have pledged to co-develop new tech-enabled solutions aimed at enhancing digital asset security, and also to explore solutions on server downtime, data back-up as well as load management, thereby providing even more comprehensive assurance to HashKey’s client base.

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