Originally published on: September 02, 2024
In a bid to drive the adoption of Web3 technology in Asia and beyond, HashKey Group, a leading digital asset services provider in the region, has joined forces with Kaia, previously known as Klaytn.
The strategic collaboration, as reported in an update shared with Cointelegraph, is set to revolutionize digital finance, content creation, and security sectors. This landmark partnership follows the recent approval of the merger between Kaia and Finschia on Feb. 15.
Finschia, a blockchain platform developed by Line Tech Plus, a subsidiary of the renowned Japanese messaging corporation Line, focuses on offering cutting-edge digital services to Line’s extensive user base.
The press release underlines the shared goal of the HashKey-Kaia partnership to bolster the digital market in Asia and support the establishment of a premier Web3 governance platform in the region. Ben El-Baz, Managing Director of HashKey Global, emphasizes a unified vision to drive innovation and advance the digital asset ecosystem.
El-Baz highlights the increasing interest from notable Asian tech giants like Kakao and Line in investing in Web3 technologies. This strategic move aims to capitalize on the growing momentum and potential of the digital market in the region.
Kaia recently made waves by launching its mainnet on Aug. 29, offering Telegram-like applications on Line’s popular social messaging platform. Backed by Kakao and Line, the Ethereum Virtual Machine-based layer-1 blockchain introduces the groundbreaking Kaia Wave program, empowering developers to create decentralized applications on Line.
In a separate development, HashKey Group ventured into the Web3 landscape by partnering with the Telegram Mini App, Catizen, to provide regulatory-compliant digital asset services to users. This move comes amidst the rapid expansion of The Open Network ecosystem, signaling a promising future for Web3 technologies.
With a focus on driving innovation, boosting digital finance, and enhancing security measures, the HashKey-Kaia partnership signifies a significant step towards widespread adoption of Web3 technology in Asia and beyond.
