Update (Sept. 2, 8:20 am UTC): This article has been updated to add commentary from Ben El-Baz
HashKey Group, a digital asset services provider in Asia, has announced its partnership with Kaia, formerly Klaytn.
According to a press release shared with Cointelegraph, the partnership aims to accelerate the adoption of Web3 technology in the Asian and global markets.
The collaboration will focus on digital finance, content creation and security and coincides with the merger between Kaia and Finschia, which was initially approved on Feb. 15.
Finschia is a blockchain platform developed by Line Tech Plus, a subsidiary of the Japanese messaging corporate Line. Line Tech Plus is primarily focused on providing digital services to Line’s user base.
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Partnership details and merger implications
According to the press release, the partnership aims to further plans in the digital Asian market, supporting the Kaia–Finschia merger to establish “the largest Web3 governance platform in Asia.”
“The integration aims to create a highly competitive mainnet ecosystem by combining the strengths of Klaytn and Finschia [...] and will work with partners like Kakao and LINE to drive ecosystem expansion.”
Ben El-Baz, managing director of HashKey Global, stated that the partnership reflects a “shared vision” of working toward innovation and “advancing the digital asset ecosystem.”
Speaking with Cointelegraph, El-Baz explained that “an increasing number of Asian tech giants, including Kakao and Line,” had been investing more in Web3.
“As a result, Asian blockchain communities are poised to reclaim their leading position on the global stage.“
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Kaia rebranding and mainnet launch
On Aug. 29, Kaia launched its mainnet to provide Telegram-like applications on the social messaging platform Line.
The Ethereum Virtual Machine-based layer-1 blockchain was founded by two of Asia’s top social messaging apps, Kakao and Line.
Parallel to the mainnet launch, the rebranded blockchain also revealed Kaia Wave, a program allowing developers to create mini-decentralized applications that function on Line.
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HashKey’s partnership with Catizen
On Aug. 19, HashKey Group partnered with the Telegram Mini App, Catizen, becoming the group’s first Web3 partner.
The collaboration enabled the licensed HashKey Global exchange to provide Catizen users with regulatory “compliant and reliable digital asset services.”
HashKey’s decision to partner with the Telegram Mini App resulted from The Open Network ecosystem’s rapid growth, which El-Baz described as “rapidly increasing.”
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