Hashkey partners with Beosin to improve blockchain security

HashKey Group, a virtual asset financial services provider, and Beosin, a blockchain security firm, have announced a strategic agreement to collaborate on protecting virtual asset ecosystems, combating money laundering and developing innovative security solutions. In addition, the two parties will work together to create comprehensive security standards and solutions that will assist in the expansion of Web3’s ecological compliance and regulatory innovation.

KYT and AML at the core of the partnership

The goal of this collaboration between Beosin and HashKey Group is to solve the many compliance and security challenges that have plagued the blockchain and virtual asset communities by promoting regulatory innovation in the Web3 ecosystem. Together, the two companies will provide full, reliable blockchain products and services, and promote the development and appropriate applications of blockchain technology.

Corporate organizations, family offices, funds, professionals and qualified investors in the virtual asset and blockchain ecosystem have access to a variety of new investment opportunities and solutions made available by HashKey Group. HashKey’s fully licensed trading platform, HashKey PRO, is one of only two virtual asset companies in Hong Kong with a Type 1 license issued by the Securities and Futures Commission of Hong Kong (“SFC”). The license makes it possible to trade in securities. In addition, it has a Type 7 license, which allows it to offer automated trading services.

Beosin’s all-in-one blockchain security solution is part of the company’s larger goal of protecting the blockchain ecosystem. The system includes Smart Contract Audit, Risk Monitoring and Alert, KYT (Know Your Transaction) and AML (Anti-Money Laundering), and Crypto Tracing. HashKey Group’s Web3 customers will receive complementary security solutions from Beosin, in addition to security auditing and monitoring.

Beosin has already audited more than 3000 smart contracts including popular Web3 applications PancakeSwap, Uniswap, DAI, OKSwap and all are monitored by Beosin EagleEye. Beosin KYT uses machine learning and deep learning technology to perform analysis with a high degree of accuracy. The KYT system closely monitors the activity of specific accounts in real time, first by obtaining the most up-to-date transaction information associated with those accounts, and then flagging suspicious activity.