Deutsche Bank Helps HashKey Exchange to Expand Fiat Deposit Channels
By Dominic Sow · 18 February 2025
Deutsche Bank has helped its client HashKey Exchange, Hong Kong’s largest licensed virtual asset exchange, to launch a new fiat deposit channel, enhancing user experience on the exchange’s platform.
Deutsche Bank will provide fiat currency deposit services to HashKey, effective immediately. Clients of HashKey can directly deposit Hong Kong dollars or US dollars into virtual accounts managed by Deutsche Bank, offering an alternative to existing deposit options on HashKey’s Exchange. This service leverages Deutsche Bank’s API-based virtual account solution.
Ole Matthiessen, Head of Corporate Bank for Asia Pacific and Middle East & Africa and Global Head of Cash Management said: “We are delighted to help HashKey expand its suite of solutions and enhance the experience of its customers. Our expertise with serving clients in the fintech, platform and digital economy space positions us strongly to partner with HashKey to take its operations to the next level and grow for the long-term.”
Hai Yang Ru, Chief Risk Officer of HashKey Group said: "Our collaboration with Deutsche Bank marks a significant step in strengthening HashKey Exchange’s banking relationships. By integrating Deutsche Bank's API-based virtual account solution, we are enhancing the flexibility and convenience of fiat deposit services for our users. HashKey Exchange remains committed to expanding its banking partnerships, improving user experience, and ensuring the highest standards of security for user funds."
As of January 15, 2025, HashKey Exchange ranked seventh on CoinGecko’s global exchange list. It is the highest-ranked licensed virtual asset exchange in Hong Kong.
About the companies
Deutsche Bank
Website · 92 stories and 14 video interviews on FF News since 2021
Previously on FF News:
- Zilch Secures £395 Million Debt Facility Expansion Led by Deutsche Bank 11 November 2026
- Deutsche Bank and Ant Digital Technologies Unveil Future of Agentic Payments in Wholesale Finance 9 November 2026
- Deutsche Bank Scales On-Premise AI Across Investment Banking and Capital Markets with Farsight 13 October 2026
HashKey Group
Website · 5 stories on FF News since 2022
Previously on FF News:
- BitGo and HashKey Cloud Forge Strategic Alliance for Institutional Digital Asset Infrastructure 7 October 2026
- HashKey Group Moves to Acquire Singapore’s Asia Pacific Exchange (APEX) 31 July 2026
- ZA Bank becomes HashKey Exchange’s first settlement bank to offer fiat-currency deposit and withdrawal services 31 August 2023
Companies in this story: Deutsche Bank, HashKey Group
People in this story: Hai Yang Ru, Ole Matthiessen