HashKey Joins DTCC in Developing Institutional Tokenization Standards
HashKey Group has joined the Depository Trust & Clearing Corporation's Digital Assets Advisory Services Industry Working Group, becoming its first Asian digital asset service provider. The working group includes over 100 financial institutions and digital asset companies, including major players like JPMorgan, Goldman Sachs, Nasdaq, and the New York Stock Exchange.
The group will focus on examining how tokenized assets can operate within traditional financial markets, covering issuance, settlement, and custody while developing standards that connect blockchain-based securities with existing market systems.
HashKey brings experience from Hong Kong and other regulated Asia-Pacific markets, having worked on real-world asset tokenization since 2023. The company has also participated in the Hong Kong Monetary Authority's Project Ensemble Architecture Community and Tokenised Bond Expert Group.