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SINOHOPE and SlowMist Form Strategic Partnership to Advance Web3 Security

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【22 November, 2023, Hong Kong 】Sinohope Technology Holdings Limited (stock code: 1611.HK, "SINOHOPE"), a comprehensive digital asset custody platform, and SlowMist, a leading player in blockchain security, today announced a strategic partnership uniting the two companies.

The two parties will carry out active security business cooperation in MPC security audit, digital asset Anti-money laundering (AML), Web3 threat intelligence cooperation Network, digital asset ecological security, etc. Jointly build a security infrastructure for the safe development of the Web3 industry in Hong Kong.

In addition, the two parties will conduct in-depth cooperation based on the "Hong Kong VASP Application Guardian Program" recently launched by SINOHOPE, which aims to provide IT system-level infrastructure convenience for institutions and enterprises interested in applying for Hong Kong Virtual Asset Service Provider (VASP) licenses. SINOHOPE and SlowMist will provide customers with consultation on the application flow, security risk control and business framework related to setting up a Hong Kong Trust or Company Service Provider (TCSP) license based on their respective rich experiences in the compliance and security fields. Enable more institutions to conduct compliant digital asset and Web3 business in Hong Kong to take advantage of this emerging market opportunity.

SlowMist has focused on blockchain security for years. Whether in terms of comprehensiveness or cutting-edge technology, it maintains a leading position in the industry.With years of experience in the blockchain ecosystem, SlowMist offers a wide range of comprehensive security solutions, including security audits, blockchain threat intelligence (BTI), defense deployment, as well as anti-money laundering (AML) and cryptocurrency tracking (MistTrack) services. 

As the world's leading all-in-one digital asset service platform, SINOHOPE has been committed to promoting the development of compliant digital asset professional services and technology. SINOHOPE provides compliant and secure digital asset custody services, and its subsidiary, Sinohope Asset Management (Hong Kong) Limited (“SINOHOPE Asset”)., has obtained the TCSP license. It can provide compliant and secure digital asset custody services to customers worldwide.

In the field of digital asset security technology, SINOHOPE's proprietary Multi-Party Computation (MPC) custody services are grounded in the latest MPC-CMP protocol. Utilizing a 3-3 multi-party signature scheme, the system requires tripartite participation to finalize transaction signatures. This setup significantly minimizes single-point vulnerabilities, thereby ensuring a high level of asset security.

Through this powerful alliance, both parties will jointly explore deep integration solutions for blockchain ecological security, continue to lead industry security standards, work together on cutting-edge security technology research, and contribute to the progress and security development of the Web3 industry.

About SlowMist

At SlowMist, we pride ourselves on being a frontrunner in blockchain security, dedicating years to mastering threat intelligence. Our expertise is grounded in providing comprehensive security audits and advanced anti-money laundering tracking to a diverse clientele. We' ve established a robust network for threat intelligence collaboration, positioning ourselves as a key player in the global blockchain security landscape. We offer tailor-made security solutions that span from identifying threats to implementing effective defense mechanisms. This holistic approach has garnered the trust of numerous leading and recognized projects worldwide, including names like Huobi, OKX, Binance, imToken, Crypto.com, Amber Group, Klaytn, EOS, 1inch, PancakeSwap, TUSD, Alpaca Finance, MultiChain, and Cheers UP. Our mission is to ensure the blockchain ecosystem is not only innovative but also secure and reliable.

About SINOHOPE

Sinohope Technology Holdings Limited (stock code: 1611.HK, "SINOHOPE") is an all-in-one platform for digital assets custody, focusing on digital asset custody and provides a variety of custody solutions to help every enterprise use digital assets safely and conveniently. SINOHOPE adopts MSC-CMP technology to support users to manage private key fragmentation and collaborative signature in a distributed way, which solves the single point risk of private key and effectively increases transparency and ease of use.

Adhering to the principles of security, compliance, professionalism and diversity of services, SINOHOPE provides easy-to-use centralized and decentralized mixed services. Based on the MPC self-custody platform and licensed digital asset custody services, SINOHOPE also provides customized OTC desk, virtual assets management, staking services, WaaS(Wallet as a Service) , Web3 Full-stack Suite and other products and services for institutional and high net worth clients.

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