Original sourcechaingridnews.comAdditional: spendnode.io
Summary
HashKey Exchange has received approval from JPMorgan Chase to open a segregated client funds account for USD settlement. The account is designed to separate client funds from HashKey's operating capital and support institutional settlement, though a launch date has not been announced. HashKey had p…
Key points
- Demonstrates collaboration between traditional banks and regulated crypto exchanges, strengthening Hong Kong's position as a crypto hub.
- By segregating client funds, it reduces exchange insolvency risk and boosts institutional confidence.
- Provides a safer fiat settlement pathway for institutional investors.
Editorial note
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