Coins.ph has partnered with HashKey Group’s HashKey Exchange, which operates a licensed crypto exchange in Hong Kong. This collaboration aims to create a regulated, 24/7 channel for moving funds between the Philippines and Hong Kong.

The partnership intends to directly integrate Coins.ph and HashKey Exchange, allowing users to access near-instant on and off-ramps between Philippine Pesos (PHP) and Hong Kong Dollars (HKD). This is designed to reduce friction for remittances, payments, and broader digital asset flows.

Wei Zhou, CEO of Coins.ph, commented on the development stating that the partnership is going to help not only crypto users but for the millions of Filipinos with strong ties to Hong Kong.

“Through Coins.ph’s platform in the Philippines and with HashKey’s fully licensed infrastructure in Hong Kong, we’re building a 24/7 crypto-powered bridge between the two regions. This is a major step forward in making remittances faster, cheaper, and more accessible for everyone,” Wei Zhou said.

Randall Chan, Managing Director of HashKey Exchange, stated that HashKey Exchange is proud to collaborate with Coins.ph to build a secure, transparent, and 24/7 value transfer corridor between Hong Kong and the Philippines.

The collaboration is based on regulatory compliance, leveraging Coins.ph’s BSP licenses. It also utilises HashKey’s status as a licensed virtual asset exchange in Hong Kong.

Both companies believe this partnership can serve as a model for compliant, scalable infrastructure supporting both retail and institutional transactions. Zhou also added that their goal is to be “more than just a corridor”. The company wants to turn it into a foundation for interoperable digital finance across Asia.

The partnership also aims to onboard enterprise users and facilitate business-to-business cross-border transactions.

Featured image: Edited by Fintech News Philippines, based on images by www.slon.pics and www.slon.pics via Freepik.