HashKey Had Already Detailed Institutional Clearing Plans
Photo: TokenPost
HashKey Group had outlined institutional trading and clearing infrastructure in July and August, months before Chairman and CEO 肖风 appeared at Hong Kong FinTech Week. HashKey included the infrastructure in a July 29 proposed acquisition announcement for Singapore's APEX and described the plans again in its Aug. 27 interim results release. Counterparty risk is the possibility that another party to a transaction fails to meet its obligations. HashKey has separate institutional partnerships covering other services. Under an agreement to explore institutional services , HashKey Cloud and Utila set out plans involving asset-yield management, payments, custody and compliance controls.
Source: TokenPost
