Hashkey Group Collaborates with CIAM on Launching and Distribution of STBL Tokenized Notes

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As a seasoned analyst with years of experience navigating the dynamic world of blockchain and digital assets, I find the strategic partnership between HashKey Group (HSK) and Cinda International Asset Management Limited (CIAM) to be an exciting development. The launch of Short-Term Asset-Backed Liquidity Notes (STBL) on Ethereum network is a significant step forward in bridging the gap between traditional finance and blockchain technology, a space I’ve been closely following for quite some time.

In a recent announcement, HashKey Group (HSK), a Web3-centric firm based in Hong Kong, has formed a strategic alliance with Cinda International Asset Management Limited (CIAM) for the debut and circulation of Short-Term Asset-Backed Liquidity Notes (STBL). It’s worth mentioning that last week, CIAM made public the initial release of STBL on the Ethereum (ETH) network, with significant assistance from NVT, a fellow Hong Kong-based Web3 company, to guarantee smooth issuance and distribution of these notes.

The collaboration between HashKey Group and CIAM will enhance the mainstream adoption of the STBL product ahead. Moreover, plans are underway to expand the STBL issuance to HashKey Chain, a fast-growing Ethereum Layer Two (L2) network.

As a researcher, I’d rephrase it as: “I find that STBL boosts operational efficiency and delivers consistent, low-risk profits to investors, thereby fostering market trust. As the largest licensed virtual asset exchange in Hong Kong, HashKey Exchange connects premium security token offerings (STOs) with an expanding crypto investment community. I’m excited about the potential future contributions of HashKey Chain in providing cutting-edge on-chain financial solutions,” said Terence Pu, Managing Director of HashKey Exchange.

Why the STBL Issuance on HashKey Chain Matters

The debut of STBL, supported by AAA-rated money market funds (MMFs), marks a significant achievement for HashKey Group and the web3 sector in Hong Kong. Furthermore, STBL allows effortless transferability and maintains a consistent value of $1 per token, similar to decentralized stablecoins secured by various cryptocurrencies.

Moreover, STBL connects conventional banking with modern blockchain innovation. Significantly, HaskKey Group is set to collaborate with GF Securities based in Hong Kong, being among the first group of STBL distributors.

The HashKey Group is placing its wagers on the rapid expansion of tangible assets (real-world assets), as some professionals anticipate that the tokenized sector could amass a staggering $600 billion in Assets Under Management (AUM). In the realm of tangible assets, Money Market Funds (MMFs) have recorded over $400 billion yearly through lending, trading, and Defi integrations.

Launching MMFs (Money Market Funds) onto HashKey Chain will significantly improve various aspects, such as decentralized finance collateralization, institutional money handling, international transactions, and income production, to name a few.

Via its collaborations with CIAM, NVT, and GF Securities, HashKey Chain is ideally suited to actualize these groundbreaking ideas. By facilitating swift, transparent, and user-friendly transactions, the platform aims to connect institutional finance with widespread adoption, thereby offering top-tier financial products to all individuals.

Market Picture

As a crypto investor, I’ve noticed the impressive expansion in reach that HashKey Group’s offerings have experienced, with their native token HSK leading the charge. This mid-tier altcoin, boasting a fully diluted market cap of approximately $1.96 billion and an average daily trading volume of around $8.53 million, has skyrocketed by over 56% in just the past two weeks. At the moment, it’s trading at around $1.96.

As web3 technologies and digital assets continue to gain widespread acceptance in Asia, HashKey Group finds itself ideally situated to expand into a significant ecosystem, supported strongly by the community.

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2024-12-24 13:12