Hashkey joins DTCC working group as first Asian crypto service provider, Sept. 2

Hashkey has become the first Asian crypto service provider to join the DTCC's working group on tokenization innovation, according to Cointelegraph reporting. The DTCC's working group includes over 100 financial institutions, among them Goldman Sachs and JPMorgan.

The Depository Trust & Clearing Corporation, the post-trade infrastructure backbone for U.S. securities markets, has assembled the working group to research and coordinate on blockchain-based settlement, custody, and asset tokenization. Hashkey's admission marks the first time a crypto-native firm headquartered outside North America or Europe has joined the initiative.

The move underscores a shift in how traditional financial institutions and blockchain infrastructure providers view interoperability. Hashkey, a regulated Hong Kong-based digital asset platform, enters a forum primarily composed of legacy finance players: banks, custodians, clearinghouses, and market operators from developed Western economies. Its inclusion signals that the DTCC and its working group members view cross-border, Asia-Pacific participation as necessary to tokenization's institutional rollout.