By
Svetlana Soroka
May 18th, 2024
Based on the published statement, HashKey DID integration will promote easy verification for users across different platforms.
Global Web 3.0 infrastructure provider Hashkey Cloud has inked a strategic partnership with Aptos Foundation to push the development of applications on the blockchain. According to HashKey’s announcement, the alliance is designed to fuse the expertise of the two key players with existing partnership deals with some of the top financial service providers.
HashKey and Aptos to Provide Identity Services
The partnership will focus on offerings like Decentralized Identifiers (DID) and regulated Security Token Offering (STOs). Therefore, it would take off with the native integration of HashKey DID. HashKey DID is a multi-chain decentralized identity data aggregator powered by smart contracts, Non-fungible tokens (NFTs), and privacy protection decentralized protocols. The focus is to provide users with identity services.
Based on the published statement, HashKey DID integration will promote easy verification for users across different platforms. With this functionality, users are assured of having full control over their virtual identity and data.
Strikingly, HashKey DID is lauded as a crucial Web3 infrastructure in the firm’s ecosystem. The innovation has the primary objective of establishing a community-governed DAO with users playing a huge role. Moreso, the duo perceives the integration of HashKey DID into the Aptos blockchain as a strategy to facilitate the convergence of Web2.0 and Web3.0 technologies.
“This open and permissionless solution allows universal registration, usage, and storage of ID-related data, while also offering KYA/AML solutions to promote compliance in crypto scenarios,” HashKey Cloud wrote. “The partnership between HashKey Cloud and Aptos Foundation lays the foundation for a more inclusive, secure, and interconnected digital future.”
Aptos Foundation remains a key player in promoting Web 3.0 through the advancement of the Aptos blockchain. Consequently, it has teamed up with many organizations including blockchain protocol Jambo.
HashKey’s Pursuit to Improve the Financial Landscape
Beyond this strategic partnership, HashKey is considering other cutting-edge technologies including liquid Node Validation and STO solutions. All of these advanced services aims to revolutionize the financial landscape.
Quite a number of HashKey’s services are targeted at improving liquidity as well as unlocking the value of conventionally illiquid assets. Additionally, the platform prides itself in offering advantageous rates, a user-friendly interface, robust security measures, and a diverse range of cryptocurrencies and investment options.
Last month, HashKey Global announced the launch of its token listing platform. The new protocol is designed to facilitate direct engagement with high-quality projects in the industry. This followed the approval of the first spot Bitcoin (BTC) and Ethereum (ETH) ETFs in the country. These products were approved by the Hong Kong Securities and Futures Commission (SFC).
Similarly, HashKey DX, a unit of HashKey Group that offers consulting services to clients in Tokyo, bagged a deal with crypto payment platform Ripple Labs Inc. Together with SBI Group, the three entities intend to provide institutional investors with access to Ripple’s XRP Ledger (XRPL)-powered enterprise solutions.