Case Study: HashKey Group achieves regulatory-compliant, enterprise-grade private key security with Thales ProtectServer Network HSM

HashKey Group - Customer Case Study

HashKey Group, an Asia‑Pacific end‑to‑end digital asset financial services provider based in Hong Kong (with operations in Singapore and Japan), needed to meet stringent Hong Kong SFC requirements for private key management and high-assurance governance as a proposed virtual asset trading platform operator. Facing fragmented global crypto regulation and elevated organisational security risks, HashKey turned to Thales and its ProtectServer Network HSM to provide a certified hardware-based root of trust for key generation, storage and backup.

Thales integrated the ProtectServer Network HSM into HashKey’s trading and wallet systems so cryptographic seeds and private keys are generated, stored and processed without ever being exposed in clear text. The Thales HSM solution delivered certified confidentiality and integrity (supporting FIPS 140‑2 Level 3‑class assurance across Thales’ HSM portfolio), helped HashKey meet SFC expectations, and enabled the firm to build a premium‑grade wallet and stronger protection for its customers’ virtual assets.

HashKey Group

Nejteh Demirian

Head of Sales