hashbank Merges Fiat and Crypto Banking in One App

W Group has launched hashbank, a digital banking platform that seamlessly integrates traditional fiat banking with Web3 crypto services. The app allows users to manage both fiat and digital assets within a single interface, supporting over 150 cryptocurrencies. This integration eliminates the need to switch between separate banking and crypto platforms, offering a streamlined experience with built-in security features like authentication, address verification, and anti-money-laundering procedures.

Volodymyr Nosov, Founder and President of W Group, emphasized the importance of bridging Web2 and Web3 ecosystems. He noted that hashbank exemplifies this strategy by combining licensed banking services with open Web3 infrastructure. The platform, which holds a full banking license from the National Bank of Georgia, has been operational since 2024 and now serves around 60,000 customers across 73 countries.

hashbank is the first fully licensed bank in the South Caucasus and Central Asia to offer this integrated model. The platform also benefits from direct integration with WhiteBIT, a major crypto exchange with 10 million users. This strategic synergy within the W Group ecosystem enhances the bank’s capabilities, making it a comprehensive solution for both individuals and businesses.

Looking ahead, hashbank plans to expand its international financial infrastructure, including international payment rails, new currencies, and cross-border corridors. The bank aims to serve not only end customers but also fintech companies and crypto platforms, further solidifying its role in the global financial ecosystem. W Group envisions hashbank as part of a long-term strategy to build a full-cycle financial network where banking, payments, and digital assets work together.