PANews reported on March 7 that according to a recent report by the financial magazine Euromoney, Deutsche Bank has opened a new fiat currency deposit channel for HashKey Exchange to promote the integration of Hong Kong's Web3 ecosystem and traditional finance.

Ru Haiyang, co-CEO of HashKey Exchange Business Group, said that the service innovation of traditional financial institutions is opening up a new pattern in the field of digital assets. At present, the focus of HashKey's business has shifted to optimizing user experience, such as enabling direct deposits within applications and reducing operational friction. In addition, HashKey is exploring bank-level products such as mortgage financing, leveraged trading and money market funds (MMF) to improve capital efficiency and crypto asset management capabilities.

HashKey is deepening its cooperation with private banks, investment banks and asset management institutions to create a new wealth management model in the digital age. The trend of integration between licensed virtual asset trading institutions and traditional finance is accelerating, indicating that crypto financial services are moving towards the mainstream financial system.