SlowMist and SINOHOPE Forge Strategic Partnership for Web3 Security Infrastructure Nov 25, 2023 Nov 25, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsNovember 25, 2023 by Kelly Cromley

SlowMist and SINOHOPE Forge Strategic Partnership for Web3 Security Infrastructure

In a significant development within the digital asset space, SlowMist and Sinohope Technology Holdings Limited, a comprehensive digital asset custody platform, have announced a strategic partnership aimed at fostering active cooperation in various facets of security and compliance for the Web3 industry.


Comprehensive Security Collaboration


The collaboration between SlowMist and SINOHOPE will encompass active security business cooperation in areas such as MPC security audit, digital asset anti-money laundering (AML), Web3 threat intelligence cooperation network, and digital asset ecological security. The joint objective is to construct a robust security infrastructure conducive to the safe development of the Web3 industry in Hong Kong.


Special Focus on VASP Licensing Program


Additionally, the two entities will engage in profound collaboration aligned with the recently launched “Hong Kong VASP Application Guardian Program” by SINOHOPE. This program is designed to streamline IT system-level infrastructure for institutions and enterprises seeking Hong Kong Virtual Asset Service Provider (VASP) licenses.


The collaboration aims to provide extensive consultation to customers on the application flow, security risk control, and business framework related to establishing a Hong Kong Trust or Company Service Provider (TCSP) license. Leveraging their rich experiences in compliance and security, SlowMist and SINOHOPE intend to empower more institutions to conduct compliant digital asset and Web3 business in Hong Kong, tapping into emerging market opportunities.


Blockchain Security Expertise of SlowMist


SlowMist, a stalwart in blockchain security for several years, occupies a pivotal position in the industry. The company’s expertise spans comprehensive security solutions, encompassing security audits, blockchain threat intelligence (BTI), defense deployment, as well as anti-money laundering (AML) and cryptocurrency tracking services through MistTrack.


SINOHOPE’s Commitment to Compliance


As a leading all-in-one digital asset service platform, SINOHOPE has been dedicated to advancing compliant digital asset professional services and technology. The platform provides secure digital asset custody services, with its subsidiary, Sinohope Asset Management (Hong Kong) Limited, holding the TCSP license to offer compliant and secure digital asset custody services globally.


Collaborative Exploration for Industry Advancement


Through this strategic alliance, SlowMist and SINOHOPE aim to jointly explore solutions for deep integration in blockchain ecological security. Their shared commitment is to continue leading industry security standards, engage in collaborative research on cutting-edge security technology, and contribute to the progress and security development of the Web3 industry.


In summary, the partnership between SlowMist and SINOHOPE signifies a concerted effort to enhance security infrastructure and compliance measures within the Web3 industry, setting a collaborative precedent for future advancements in blockchain security standards.







AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.