HashKey与BitGo为机构推出ETH和SOL质押服务

HashKey Cloud与BitGo深化合作：从质押扩展至机构交易、托管及现实资产代币化

HashKey Cloud与BitGo已将其原有的质押合作伙伴关系扩展至机构交易、托管以及现实世界资产（RWA）代币化领域。以太坊（ETH）和Solana（SOL）被指定为该质押安排下的首批支持资产。

合作范围涵盖四大业务板块

双方将7月份达成的质押合作进一步升级，覆盖交易、托管和RWA代币化等业务。根据10月6日在新加坡TOKEN2049周期间签署的扩大协议，HashKey Cloud（隶属于HashKey集团旗下的WanCloud Ltd.）将为符合条件的机构客户使用BitGo进行以太坊和Solana的质押验证。在完成客户准入程序并签署相关适用协议后，BitGo将为HashKey Capital旗下基金提供托管服务。

此外，BitGo将成为HashKey在亚太市场现实世界资产代币化倡议的托管合作伙伴。此次协议主要涵盖四个业务领域：质押、机构交易流、托管以及RWA代币化。这些服务将仅限于符合条件的机构客户，且仅在相关产品获准适用的司法管辖区内提供。

从单一质押到全方位基础设施支持

In fact, the two companies had a basis for cooperation before signing the Singapore agreement. The first partnership announced in July this year mainly focused on institutional pledge business. The architecture at the time was designed to allow institutional customers to participate in the Proof-of-Sole (PoS) network while ensuring their assets remained within BitGo's escrow framework, while HashKey Cloud provided validator infrastructure.

Under the new agreement, HashKey Cloud becomes a verifier partner on the BitGo platform, and Ethereum and Sol Nara are the first batch of supported pledged assets open to eligible institutional customers. However, neither company announced a specific date for expanding pledge access, nor did it clarify the list of the first batch of customers to use the service. The October 6 announcement did not disclose fees, pledge reward terms, or the number of ETH and SOL expected to be included in the arrangement.

Refinement of transaction and custody business

Transactions are one of the new business areas in this October agreement. BitGo and HashKey Cloud said they will work together to support institutional trading flows, but the official announcement did not specify specific exchanges, trading pairs or expected trading volumes. In addition to its custody business, BitGo also operates trading and settlement infrastructure. According to the Monetary Authority of Singapore's Register of Financial Institutions, its Singapore entity holds a major payment institution license, covering digital payment token services and cross-border fund transfers.

It is worth noting that BitGo has previously expanded over-the-counter settlement arrangements with OKX for qualified institutions outside the United States. In this service, supported assets can be retained in segregated escrow accounts in BitGo Singapore, while customers can access exchange liquidity. However, HashKey's agreement does not state that the same settings will automatically apply to its trading relationships.

In terms of trusteeship terms, the provisions are more specific. BitGo will open its custody services to HashKey Capital and its affiliated funds upon completing customer access and signing a separate agreement. This arrangement provides another institutional hosting option for HashKey's investment business, while BitGo keeps the hosting relationship separate from the verification of the HashKey Cloud.

RWA tokenization helps expand the Asia-Pacific market

Real-world assets form the fourth part of the expansion agreement. According to an October 6 announcement, BitGo will serve as a hosting partner for the HashKey tokenization initiative. HashKey has launched operations in the RWA field. According to reports, in the first half of 2026, the total lock-in value of RWAs on the HashKey chain reached HK$2.68 billion, a year-on-year increase of 167.8%.

在同一六个月期间，机构客户占HashKey 282.2亿港元平台总交易量的231.5亿港元，占比高达82%。其代币化工作包括在香港推出的受监管产品。近期，HashKey Exchange开始向符合条件的专业投资者分销富兰克林邓普顿（Franklin Templeton）代币化的美国货币市场基金。此外，HashKey还在9月与Prometheum Capital和Velocity Capital签署了另一项协议，涉及将代币化美国股票提供给符合条件的国际投资者的路径。该项目仍需最终协议、监管批准和技术工作的落实。

BitGo的战略转型与HashKey的增长

随着BitGo将更多资源投入交易、融资和结算业务，HashKey也在并行构建其机构网络。BitGo管理董事兼亚太区销售负责人Abel Seow表示，亚洲的机构正在寻求覆盖数字资产活动多个阶段的基础设施。HashKey OnChain BG首席执行官Leo Li将HashKey的香港存在与BitGo的托管基础设施相结合描述为“跨越质押、交易、托管和代币化的可信通道”。

自8月27日完成收购NYDIG的机构交易业务以来，BitGo已将衍生品、融资、执行和结构化产品能力纳入其中，并带来了约30名NYDIG员工及机构客户关系。BitGo首席执行官Mike Belshe此前曾表示，希望主经纪商业务成为公司的主要收入引擎。其战略核心在于提供交易、融资和结算服务，同时让客户支持的资产保持在托管之下。

财务数据显示，BitGo第二季度营收达43.3亿美元，主要来自数字资产销售，但直接成本也高达42.9亿美元，导致季度净亏损为1900万美元。管理层在季度财报中指出，托管和钱包关系仍是向客户销售多种产品的基础。与此同时，HashKey上半年平台交易量同比增长31.8%，其中机构交易量增长58.8%。HashKey于2025年12月在港交所上市，股票代码为3887。

此次10月6日签署的协议未提及初始机构客户名单、推广时间表或预期的交易、质押或托管量。BitGo为HashKey Capital及其关联基金提供的托管服务仍需遵守常规的准入程序和适用协议，且各项服务的访问权限取决于当地法律及监管要求。