HashKey joins DTCC digital assets working group

HashKey Group said on Sept. 2 that it had joined the Depository Trust & Clearing Corporation’s Digital Assets Advisory Services Industry Working Group, becoming its first Asian digital asset service provider. Summary HashKey joined DTCC’s digital assets working group as its first Asian digital asset service provider. DTCC’s May announcement identified more than 50 participants, while HashKey now cites over 100 institutions. HashKey plans to contribute Asia Pacific regulatory experience toward institutional token issuance, settlement and custody standards. DTCC targets an October launch for tokenization services after conducting production transactions with custodied securities. HashKey already participates in Hong Kong initiatives covering tokenized bonds, funds, notes and settlement infrastructure. The Hong Kong based company will participate in discussions about how tokenized securities can be issued, transferred, settled and safeguarded through institutional market infrastructure. HashKey said the working group now includes more than 100 financial institutions, asset managers and digital asset companies. Participants named in its announcement include JPMorgan Chase, Goldman ...