Beosin teams up with HashKey Group to advance virtual asset security practices within the Web3 ecosystem
HONG KONG, May 11, 2023 /PRNewswire/ -- Blockchain security company Beosin and virtual asset financial services house HashKey Group, have formally established a strategic partnership. Both firms will cooperate closely in various areas of virtual assets including ecosystem security, anti-money laundering and cutting-edge security technology research. Both sides will also jointly develop comprehensive security standards and solutions to contribute to the continued growth of Web3 ecological compliance and regulatory innovation.
HashKey Group is an end-to-end digital asset financial services group in Asia with headquarters in Hong Kong and operations in Singapore and Japan. They offer a wide range of new investment opportunities and solutions for large enterprise institutions, family offices, funds, professional and qualified investors in the virtual asset and blockchain ecosystem. Its core businesses include a Hong Kong SFC-licensed virtual asset exchange (HashKey PRO), a full-service brokerage (HashKey XPert), an institutional-level virtual asset custody solution (HashKey Custody), and a venture capital firm (HashKey Capital) that has been investing in global blockchain companies and virtual asset projects since 2015.
Beosin is a leading global blockchain security company co-founded by several professors from world-renowned universities. It has offices in more than 10 countries and a team of more than 40 PhDs. With the mission of "Securing the Blockchain Ecosystem", Beosin provides an "All-in-one" blockchain security solution covering Smart Contract Audit, Risk Monitoring and Alert, KYT (Know Your Transaction) and AML (Anti-Money Laundering), and Crypto Tracing. As of 2023, Beosin has already audited more than 3000 smart contracts and protected more than USD $500 billion funds of its clients. Beosin also provides security assessments of projects to be listed on exchanges as well as security solutions such as compliance assessments that meet the regulatory requirements of each region, VaaS automated audit services, exchange penetration services, and exchange security construction consulting services.
Through this partnership, Beosin and HashKey Group will jointly promote compliance and regulatory innovation in the Web3 ecosystem, with the aim of addressing numerous compliance and security issues that have troubled the blockchain and virtual assets practitioners. Both companies will also collectively provide comprehensive, secure and reliable blockchain products and services in order to further promote the development and proper use cases of blockchain technology.
HashKey Group has long been committed to providing its ecosystem partners, clients and stakeholders with regulatory compliant and secure virtual asset products and services as part of its mission to building an inclusive and fully compliant virtual asset ecosystem. HashKey Group's fully licensed exchange HashKey PRO is one of only two virtual asset firms in Hong Kong that holds a Type 1 (Dealing in securities) licence and a Type 7 (Providing automated trading services) licence issued by the Securities and Futures Commission of Hong Kong ("SFC"). HashKey PRO is also ISO 27001 (Information Security) and ISO 27701 (Data Privacy) certified, providing the highest standards of data privacy and information security for its customers. HashKey PRO is currently accepting early registration for Professional Investors (PI).
Beosin, as a blockchain ecosystem security solution provider, will combine its years of technical capabilities in serving top global brands to provide HashKey Group with KYT/AML and other technical support, and also provide HashKey Group's Web3 clients with additional security solutions on top of security auditing and security monitoring.
Beosin KYT, an effective intelligent analysis engine that relies on machine learning and deep learning technology, leverages Beosin Trace's database, which can check various transaction patterns and track hundreds of risk indicators. The KYT system monitors the movement of designated accounts in real-time, acquires the latest transaction information of the monitored accounts in the first instance, detects high-risk transactions and notifies users straight away. Meanwhile, Beosin also provides an easy-to-use interface and professional API integration solutions to meet the needs of regulators and enterprises in various business scenarios.
As part of its partnership with HashKey Group, Beosin was the exclusive Security Partner of HAPathon 2023 in April, Asia's flagship Web3 startup competition co-sponsored by Alibaba Cloud, HashKey Group and PlatON. Beosin not only provided participants with a free trial of Beosin VaaS, but also offered an audit discount to the top three winning projects in each of four regions where HAPathon 2023 was hosted (Singapore, Bangkok, Tokyo and Hong Kong).
Tommy Deng, Managing Director of Beosin, said, "As a leading global blockchain security company, Beosin, in addition to code security audit, project monitoring and alerting, and virtual asset recovery, will also provide a "one-stop" blockchain security products + services such as KYT/AML for global Web3 ecosystem, enabling global regulatory technology to ensure Web3 ecosystem security and compliance in every region. "
Jeff Lu, Chief Technology Officer of HashKey Group, said, "We believe that technology, security and compliance are the cornerstones of a thriving virtual asset economy. "As a prominent market leader, HashKey Group is committed to promoting collaborations and adopting cutting-edge security technologies and best practices to drive digital transformation and advance the Web3 ecosystem."
About HashKey Group
HashKey Group is an end-to-end digital asset financial services group in Asia. The Group provides a complete ecosystem across the entire digital asset landscape, ranging from trading, custody, venture investment, technologies to Web3 infrastructure. HashKey's senior team has decades of investment and trading experience and deep market insights gained from tier-one banks, regulators and FinTech ventures. By bringing together the most advanced blockchain research and development and technologies, HashKey identifies potential opportunities and delivers end-to-end solutions that operate within regulatory frameworks with the highest compliance standards. The Group has operations in Hong Kong, Singapore and Japan, and extensive partnerships with FinTech and blockchain solutions providers, academic institutions and associations.
Beosin is a leading global blockchain security company co-founded by several professors from world-renowned universities and there are 40+ PhDs in the team. It has offices in Singapore, South Korea, Japan and other 10+ countries. With the mission of "Securing Blockchain Ecosystem", Beosin provides "All-in-one" blockchain security solution covering Smart Contract Audit, Risk Monitoring & Alert, KYT/AML, and Crypto Tracing. Beosin has already audited more than 3000 smart contracts including famous Web3 projects PancakeSwap, Uniswap, DAI, OKSwap and all of them are monitored by Beosin EagleEye. The KYT AML are serving 100+ institutions including Binance.Beosin also provides security assessments of projects to be listed on exchanges as well as security solutions such as compliance assessments that meet the regulatory requirements of each region, VaaS automated audit services, exchange penetration services, and exchange security construction consulting services.
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