W Group expands hashbank as a bridge between traditional…
By Karthik Subramanian
AI summary of the source article
W Group has launched the next stage of hashbank's digital banking model, linking regulated fiat services with external blockchain wallets and platforms. Licensed by the National Bank of Georgia since 2023, hashbank allows individuals and businesses to send, receive, and exchange over 150 digital assets while retaining standard banking features. Transactions are subject to authentication, address verification, anti-money-laundering procedures, and blockchain analytics. Operating live since 2024, hashbank serves approximately 60,000 customers across 73 countries and integrates directly with cryptocurrency platform WhiteBIT. The bank's future plans include international payment rails, cross-border corridors, and banking-as-a-service offerings for fintechs and crypto platforms.
Why it matters
Hashbank is the first fully licensed bank in the South Caucasus and Central Asia to provide an integrated Web3 and fiat model within a single mobile banking application.
Key facts
- Hashbank obtained a full banking license from the National Bank of Georgia in 2023 and went live in 2024.
- The bank supports transactions and fiat conversions for more than 150 digital assets.
- Hashbank currently serves about 60,000 customers across 73 countries and features direct integration with WhiteBIT.