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Deutsche Bank Helps HashKey Exchange to Expand Fiat Deposit Channels
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.
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