HashKey Settlement Platform Partners with ONERWAY for On-Chain Payments Integration
HashKey Settlement Protocol (HSP) has partnered with cross-border payment provider ONERWAY to integrate on-chain digital currency settlement capabilities into traditional fiat systems. This collaboration marks the first time HSP, a Web3 protocol, connects with a licensed Web2 institution and introduces new options for merchants in handling stablecoin settlements while retaining access to fiat liquidity through ONERWAY’s extensive licensing across multiple jurisdictions. ONERWAY serves over 2,000 global merchants and holds key licenses including UK EMI, European PI, Hong Kong MSO, US MSB, Singapore MPI, as well as credit card network memberships. The partnership aims to address long-standing cross-border payment challenges such as slow settlement cycles, exchange losses, and complex multi-currency accounting by leveraging stablecoins for near-real-time on-chain transactions. HSP’s Master Account module enables intelligent fund aggregation while the Settlement Protocol ensures transaction verification and auditability. HashKey Group's licensed entities provide custody services to facilitate compliance with local regulations through ONERWAY’s fiat channels.
Topics: blockchain digital currency settlement payment solutions Web3