HashKey Exchange and IoTeX have announced their partnership to create an AI Ecosystem Center in Hong Kong, focusing on the integration of blockchain technology and artificial intelligence.
Partnership between HashKey and IoTeX
HashKey Exchange and IoTeX have announced plans to establish an AI Ecosystem Center in Hong Kong. The center aims to integrate blockchain and AI technology to enhance digital asset infrastructure.
Impact on Institutional Interests
The collaboration between HashKey and IoTeX is expected to attract institutional interest due to its compliance-first approach. This may increase interest in Ethereum and other blockchain assets as partners explore new models. L Randall Chan, Managing Director of HashKey Exchange, stated, "IVD Medical and HashKey Exchange will jointly explore new models for integrating blockchain with industrial capital, marking a further step for compliant digital asset adoption within Hong Kong’s capital markets."
Precedents in Blockchain
Similar initiatives, such as those by Matrixport and OSL, show that integrating licensed institutions into the blockchain sphere often leads to higher protocol usage and spikes in total value locked (TVL). Experts suggest these partnerships will enhance current asset engagement within digital markets, particularly for governance tokens and related DeFi products.
The partnership between HashKey and IoTeX highlights the trend of increasing institutional investments in digital assets, positioning Hong Kong as a key player in the integration of blockchain and AI technologies.
