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HashKey Chain, a public blockchain for real-world assets, has announced a new partnership with KuCoin, a well-known crypto exchange. The collaboration intends to enhance access to real-world assets (RWAs) and its native $HSK token’s utility. The platform took to its official social media account to disclose this development.
The partnership of HashKey Chain with KuCoin permits the latter’s consumers to directly extract $HSK tokens to HashKey Chain. With this, the users can efficiently stake $HSK token as well as take part in the broadening RWA ecosystem of HashKey Chain. This denotes a major endeavor to fill the gap between the blockchain technology and the conventional finance.
As a part of this initiative, KuCoin additionally backs the withdrawals and deposits in its native token $KCS. This is planned to be done through ERC-20 as well as KuCoin Community Chain on the platform of HashKey Global. The respective dual-channel backing improves flexibility for consumers. Hence, this allows a convenient interaction with decentralized and centralized financial environments.
HashKey Chain considers the integration with KuCoin as a key endeavor to merge the real-world utility as well as the blockchain-led innovation. By streamlining the asset flows and delivering unique staking options, this partnership displays both the entities’ commitment to improving the on-chain finance. Amid the evolution in the crypto sector regarding RWA applications, such collaborations lead to a relatively effective, liquid, and connected digital asset sector.
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