HashKey Group Joins DTCC Digital Assets Working Group as First Asian Provider
- HashKey Group is the first Asian digital asset service provider to join the DTCC Digital Assets Advisory Services Industry Working Group, which includes over 100 institutions.
- The working group will focus on standards for tokenized assets in traditional financial markets, covering issuance, settlement, and custody.
- DTCC completed its first production-environment tokenized transactions in July, involving U.S. Treasuries and various ETFs valued at over $114 trillion.
- JPMorgan has also participated in tokenization transactions, maintaining underlying securities within DTC custody while using blockchain records.
- HashKey has been active in real-world asset tokenization since this year and has engaged with the Hong Kong Monetary Authority’s initiatives.
The integration of HashKey into the DTCC group signifies a growing interest among major financial firms in institutional tokenization. The group’s work aims to establish how tokenized assets can seamlessly interact with existing market systems.
With DTCC safeguarding over $114 trillion in securities, HashKey’s involvement could enhance standards for institutional tokenized securities significantly.
