HashKey Global and OneInfinity have partnered to enhance Web3 security, offering over $4 billion in digital asset wallet insurance and driving innovation in cybersecurity.
HashKey Global, a leading digital asset exchange, has announced a strategic partnership with OneInfinity by OneDegree, a prominent player in cybersecurity and insurance. This collaboration aims to enhance security measures within the Web3 ecosystem and provide comprehensive digital asset wallet insurance, exceeding $4 billion in coverage for the upcoming policy year.
The partnership between HashKey Global and OneInfinity is a significant step towards fortifying the security landscape of the Web3 ecosystem. By integrating advanced security measures and insurance products, the collaboration seeks to instill greater confidence among users navigating the digital asset space.
HashKey Global's Managing Director emphasized the importance of investor protection, especially as the digital asset industry attracts a broader audience. The partnership aligns with HashKey's mission to enhance its platform's security features, ensuring that investors are safeguarded while fostering growth in the global digital asset market.
As part of this strategic alliance, HashKey Global users will benefit from digital asset wallet insurance that covers both hot and cold wallets. This initiative is designed to enhance investor protection while delivering cutting-edge security measures for users of HashKey Global's platform.
The insurance coverage will provide:
The collaboration is not just about insurance; it represents a concerted effort to drive innovation within the Web3 and cybersecurity sectors. Both organizations are committed to shaping a more secure digital environment, addressing the increasing cybersecurity challenges faced by the Web3 ecosystem.
Alvin Kwock, co-founder of OneInfinity, expressed excitement about the partnership, noting that it is well-timed to tackle the escalating cybersecurity threats in the digital asset landscape. The joint effort aims to bolster resilience and drive innovation in this dynamic field.
This partnership builds on an earlier agreement between HashKey Exchange and OneInfinity, signed in September 2023. The memorandum of understanding (MoU) aimed to strengthen investor protection and support the growth of Hong Kong's digital asset market.
Under the MoU, OneInfinity committed to providing its digital asset wallet insurance products for both hot and cold wallets used by HashKey Exchange. The collaboration also includes co-developing new tech-enabled security solutions to address challenges such as server downtime, data backup, and load management.
In summary, the strategic alliance between HashKey Global and OneInfinity by OneDegree is poised to deliver substantial benefits to the digital asset ecosystem. With a focus on innovation and security, the collaboration seeks to build a more resilient and user-centric platform, ultimately driving greater adoption of Web3 technologies.
