HONG KONG – August 7, 2025 – IoTeX, the blockchain platform building the open ecosystem for DePIN and AI, today announced a strategic partnership with HashKey Exchange, a licensed and compliant digital asset trading platform in Hong Kong. Together, the two parties will co-develop digital asset infrastructure and launch a dedicated “AI Ecosystem Center,” with the shared goal of enabling a secure, efficient, and compliant foundation for value exchange in the era of AI and digital economies.
Hong Kong’s Strategic Opportunity: The Convergence of Digital Assets and AI
As a global financial hub, Hong Kong is rapidly embracing Web3 innovation with a bold ambition to become the world’s digital asset capital. In this transformation, artificial intelligence (AI) technologies are playing a pivotal role—driving breakthroughs in data analytics, intelligent decision-making, and machine collaboration. The synergy between digital assets and AI is now seen as a key engine for future economic growth.
IoTeX × HashKey Exchange: Infrastructure for AI-Powered Value Economies
The collaboration between IoTeX and HashKey Exchange will center on “Digital Assets + AI,” establishing an AI Ecosystem Center that supports the full cycle of value creation—from issuance to trading and settlement—while fostering innovation across physical infrastructure and machine intelligence.
Key pillars of the partnership include:
Digital Currency Infrastructure Development:
The two parties will jointly explore frameworks to deepen the utility and use cases of digital assets across diverse environments, enhancing the liquidity and adoption of on-chain economies.
Blockchain Technology Enablement:
IoTeX will provide its Layer 1 blockchain platform to power HashKey Exchange with advanced capabilities including on-chain identity (ioID), trusted data access, and compliance-aware smart execution. IoTeX will also expand its AI-focused modules to deliver a secure, composable foundation for intelligent machine systems.
Compliance and Asset Services:
HashKey Exchange will leverage its regulatory expertise to provide legal guidance, custodial services, auditing, and institutional onboarding. These services will ensure the legal integrity and operational transparency of the joint ecosystem, while enabling deeper integration between AI and digital finance.
“IOTX/HKD” Trading Pair: A Gateway to AI-Driven Value Flows
The first milestone of the partnership is the launch of the “IOTX/HKD” trading pair on HashKey Exchange—connecting the IoTeX ecosystem to Hong Kong dollar-denominated markets. Notably, this marks HashKey’s fifth HKD trading pair, and its first listing for an AI-focused digital asset, signifying a strategic step forward in its digital asset roadmap.
Through this gateway, the two partners aim to co-create a crypto ecosystem purpose-built for AI and machine intelligence. This includes on-chain services for model training, device collaboration, and real-time data exchange, all governed by standardized incentive mechanisms and compliance-ready settlement infrastructure. Together, these frameworks will support the secure, interoperable, and sustainable coordination of intelligent devices and services.
A Joint Commitment to Innovation in Asia’s Digital Economy
Raullen Chai, Co-Founder of IoTeX, commented:
“In the era of rapid Web3 and AI convergence, digital assets represent a new engine of economic momentum, while AI is the driver of innovation and efficiency. By partnering with HashKey Exchange, we aim to deliver a real-world, compliant infrastructure for the intelligent economy—accelerating the fusion of AI and blockchain across Hong Kong and beyond.”
Michel Chan, Head of HashKey Exchange, added:
“We are thrilled to partner with IoTeX, a pioneering blockchain platform with deep technical expertise. Together, we will co-develop critical infrastructure for digital assets and AI, supporting Hong Kong’s emergence as a global hub for smart digital innovation.”
This collaboration signals IoTeX’s deepening focus on the AI vertical, while highlighting HashKey Exchange’s ongoing efforts to advance compliant digital asset ecosystems in Hong Kong. As construction of the AI and Digital Asset Center continues, Hong Kong is poised to become a global stronghold for the intelligent digital economy.
About IoTeX
Founded in 2017, IoTeX is a pioneering Layer 1 blockchain platform building an open ecosystem for Physical Intelligence—a new frontier that transforms real-world machine data into collective intelligence. The network provides cutting-edge infrastructure that bridges the physical and digital worlds, enabling developers to create decentralized machine networks powered by verifiable data, decentralized identity (DID), zero-knowledge proofs, and programmable smart contracts.
Today, the IoTeX ecosystem includes over 100 DePIN (Decentralized Physical Infrastructure Network) projects across mobility, energy, healthcare, robotics, and more—laying the foundation for next-generation AI that can perceive, understand, and act autonomously in the physical world.
HashKey Exchange is Hong Kong’s leading licensed digital asset trading platform, providing secure, regulated, and comprehensive crypto services for both institutional and retail investors. As the flagship exchange of HashKey Group, HashKey Exchange embodies the Group’s strategic focus on compliant Web3 infrastructure.
Since 2018, HashKey Group has built a global Web3 ecosystem with operations across Hong Kong, Singapore, Japan, and Bermuda—positioning itself as a leading force in Asia’s digital asset landscape.
