HashKey Group is a leading digital asset financial services group in Asia with global operations in regions such as Hong Kong, Singapore, Japan, and Bermuda. Since 2018, HashKey Group has built a Web3 ecosystem within a high-compliance regulatory framework, including HashKey Exchange, the largest licensed virtual asset exchange in Hong Kong*; HashKey Global, the flagship digital asset exchange; HashKey Capital, a global asset manager investing exclusively in blockchain technology and digital assets; HashKey OTC, the compliant over-the-counter (OTC) trading arm, HashKey Cloud, a leading global Web3 infrastructure provider; and HashKey Tokenisation, a tokenisation services provider.

HashKey Group also possesses a rich on-chain ecosystem, having developed the Ethereum Layer 2, HashKey Chain, and has listed the HashKey Ecosystem Token HSK. HashKey Group is committed to driving the mass application of blockchain technology, aiming to provide trustworthy and accessible digital asset services to one billion global users.

*As of December 11, 2024, HashKey Exchange ranks sixth on CoinGecko’s global exchange list and is the highest-ranked licensed virtual asset exchange in Hong Kong.

• Performance and scalability: Blockchain systems have high demands on computing, storage and network resources, and require robust, scalable infrastructure to accommodate business growth.

• Innovative R&D environment: As an emerging technology, blockchain necessitates an IT environment that allows experimental innovation to thrive and fosters the efficient development of new products and services.

• Alibaba Cloud's comprehensive suite of products and services provides robust, reliable, and high-performance infrastructure solutions - crucial for HashKey Group's blockchain business strategy and technological innovation.

• Both innovators are committed to compliance, data protection, and privacy, and Alibaba Cloud and HashKey Group's security and compliance values align perfectly.

• By leveraging Alibaba Cloud's technical expertise and mature solutions, HashKey Group could focus on its core business innovation and deliver high-quality blockchain products and services in a compliant, efficient, and secure environment.

HashKey Exchange employs Alibaba Cloud's comprehensive big data suite, including DataWorks, Hologres, MaxCompute, and Flink.

• DataWorks is an integrated data development and operations platform that facilitates data integration, development, and quality management.

• Hologres performs real-time data analysis and offers high-concurrency querying and analytical capabilities.

• MaxCompute serves as the base to support the storage and processing of large datasets.

• Flink enables real-time data processing, complex data transformation and analysis.

This comprehensive approach allowed HashKey Group to gain deeper market insights, optimize its business operations, and enhance user experience, ultimately strengthening the exchange's competitiveness and fostering sustainable growth and innovation.

• Quick Deployment: The entire migration process lasted three months, enabling fast implementation of Alibaba Cloud big data products from research to deployment.

• Cost Effectiveness: Infrastructure costs were reduced by over 50% ^[1], allowing HashKey Group to allocate more funds to blockchain innovation while significantly improving its processing speeds.

• Ecosystem Compatibility: The solutions implemented onto HashKey Group's infrastructure offered high compatibility with third-party products to ensure the security and stability of the overall system.

• Dynamic Expansion: The comprehensive data warehouse solution deployed by HashKey will serve as a standardized architecture template for its future business and will provide high-quality support moving forward.

^[1] Cost optimization of products (mainly big data-related), covering cloud expenses and operational manpower expenditures.

Looking ahead, HashKey Group will explore industry-specific blockchain solutions by leveraging Alibaba Cloud's blockchain infrastructure and middleware, combined with its expertise in real-world applications. Potential areas of focus include fintech, trade logistics, e-government, and beyond.

To foster blockchain expertise and expand the ecosystem, HashKey Group will collaborate on talent development through joint training programs, developer competitions, and other initiatives designed to attract partners and cultivate innovation.

HashKey Group and Alibaba Cloud remain committed to close collaboration, continuous innovation, and accelerating blockchain adoption across industries, ultimately building a more open, efficient, and secure blockchain ecosystem.