HashKey and Kaia Join Forces to Accelerate Web3 Adoption Across Asia

In a significant move aimed at boosting Web3 adoption in Asia, HashKey Group, a leading digital asset services provider, has partnered with Kaia, formerly known as Klaytn. The partnership, announced shortly after Kaia’s rebrand and its merger with Finschia, is set to reshape the digital finance landscape across the continent.

Strengthening Asia’s Digital Finance Ecosystem

HashKey Group and Kaia’s collaboration is strategically designed to accelerate the growth of Web3 technologies in both Asian and global markets. This partnership aligns with the ongoing merger between Kaia and Finschia, a blockchain platform developed by Line Tech Plus—a subsidiary of the Japanese messaging giant Line. The merger, approved earlier this year, is expected to create the largest Web3 governance platform in Asia, significantly enhancing the region’s digital finance ecosystem.

Ben El-Baz, Managing Director of HashKey Global, emphasized the importance of this partnership, noting that it reflects a shared commitment to innovation in the digital asset sector. El-Baz highlighted that major Asian tech companies, including Kakao and Line, have increasingly focused on Web3, positioning Asian blockchain communities to regain their prominence on the global stage.

Implications of the Kaia-Finschia Merger

The merger between Kaia and Finschia is more than just a corporate rebranding; it’s a strategic move to create a robust mainnet ecosystem by leveraging the combined strengths of both platforms. The collaboration aims to foster innovation and expand the Web3 ecosystem by working closely with partners like Kakao and Line. The newly formed platform is expected to drive significant advancements in digital finance, content creation, and security, setting a new standard for Web3 technology in Asia.

Kaia’s New Mainnet and Developer Initiatives

On August 29, Kaia launched its new mainnet, a crucial step in providing advanced blockchain services tailored to social messaging platforms like Line. The Ethereum Virtual Machine (EVM)-based layer-1 blockchain, backed by Kakao and Line, is designed to support a wide range of decentralized applications (dApps). Alongside the mainnet launch, Kaia introduced Kaia Wave, a developer-focused program that allows for the creation of mini-decentralized applications within Line, further expanding the platform’s utility and reach.

Expanding Partnerships: HashKey and Catizen

In a related development, HashKey Group recently announced a partnership with Catizen, a Telegram Mini App, marking its first collaboration in the Web3 space. This partnership allows HashKey’s licensed exchange to provide Catizen users with secure and compliant digital asset services, reflecting the rapid growth of The Open Network ecosystem.

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