Old lender, new twist: Shanghai Commercial Bank teams up with HashKey on credit card [Yahoo! Finance]
BANK OF EAST ASIA S/ADR (BKEAY)
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Source: Yahoo! Finance
Shanghai Commercial Bank (SCB), which marked its 75th anniversary this year, will partner with HashKey Exchange to issue a Visa credit card exclusively for investors trading on the digital asset platform, according to chief executive Wallace Lam Wing-ted. HashKey, one of 11 licensed virtual asset trading platforms in Hong Kong, raised HK$1.6 billion (US$206 million) in the city's first crypto-native initial public offering and was listed on December 17. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. "The credit card will be the first of its kind in Asia under a partnership between a traditional lender and a digital trading platform," Lam said in an exclusive interview. Shanghai Commercial Bank has more than 40 branches in the city, and offices in New York, San Francisco, Los Angel
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