HashKey Global, the flagship digital asset exchange under HashKey Group, has entered into a strategic partnership with OneInfinity by OneDegree, a key player in cybersecurity and insurance. This collaboration aims to fortify the Web3 ecosystem by enhancing security measures and providing comprehensive digital asset wallet insurance.
As part of the alliance, HashKey Global users will benefit from digital asset wallet insurance coverage exceeding $4 billion in the upcoming policy year. OneInfinity will provide insurance services for both hot and cold wallets, ensuring that the platform’s security infrastructure is robust across all storage methods.
This initiative is designed to improve investor protection while delivering advanced security solutions. By implementing these measures, the partnership seeks to instill greater confidence in users navigating the digital asset space.
A Joint Effort to Advance Web3 Technologies
The collaboration marks a significant step forward in driving innovation within the Web3 and cybersecurity sectors. Both organizations have expressed their commitment to advancing these fields while shaping a more secure digital environment. According to the release, this partnership underscores a shared vision of creating a resilient and secure foundation for digital assets.
HashKey Global’s managing director has highlighted the critical importance of investor protection in the digital asset custody arena, particularly as the industry attracts a broader mainstream audience. He emphasized that the partnership with OneInfinity aligns with HashKey’s mission to enhance its platform’s security features, safeguarding investors while fostering growth in the global digital asset market.
Similarly, OneInfinity’s co-founder expressed enthusiasm about the collaboration, noting that it is well-timed to address the increasing cybersecurity challenges faced by the Web3 ecosystem. He pointed out that the joint effort aims to drive innovation and bolster resilience in the dynamic digital asset landscape.
Expanding Protection and Tech-Enabled Solutions
This partnership builds on an earlier agreement between HashKey Exchange, a licensed retail virtual asset exchange in Hong Kong, and OneInfinity. In September 2023, the two companies signed a memorandum of understanding (MoU) to further investor protection and support the growth of Hong Kong’s digital asset market.
Under the MoU, OneInfinity committed to providing its digital asset wallet insurance products for both hot and cold wallets used by HashKey Exchange. The collaboration also includes co-developing new tech-enabled security solutions to address challenges such as server downtime, data backup, and load management. These enhancements are aimed at offering more comprehensive protection and ensuring uninterrupted service for users of the platform.
The partnership represents a significant milestone in advancing the security infrastructure of digital asset platforms. By integrating cutting-edge security technologies and insurance products, the two companies aim to set a new standard for investor protection in the Web3 space.
Pioneering a Secure Digital Future
In summary, the strategic alliance between HashKey Global and OneInfinity by OneDegree is poised to deliver substantial benefits to the digital asset ecosystem. With a focus on both innovation and security, the collaboration seeks to build a more resilient and user-centric platform, ultimately driving greater adoption of Web3 technologies.