Taishin Bank partners with domestic virtual asset exchange HOYA BIT to collaborate on New Taiwan Dollar trust services for the first time. Taishin Bank will manage the legal currency funds of HOYA BIT users under the trust agreement. When users submit deposit and withdrawal requests to HOYA BIT according to their user agreements, they can enjoy instant deposits and withdrawals, with funds transferred to the user's linked New Taiwan Dollar account within 24 hours, shortening the existing cash flow operation time, allowing investors to transfer funds more quickly, and creating a cash flow service that balances safety and convenience.
Unlike the stock market, which has trading time restrictions, the cryptocurrency market operates 24 hours a day. Therefore, for investors, the demand for real-time capital management has also increased. However, in the past, cryptocurrency investors often faced complicated procedures and longer waiting times when conducting New Taiwan Dollar inflows and outflows. If they encountered weekends or holidays, they would have to wait until the next business day to complete the fund transfer. Lengthy trading processes affect the flexibility of fund utilization. To address the pain points of cryptocurrency investors, Taishin Bank has partnered with HOYA BIT to launch New Taiwan Dollar trust services, shortening the trading time difference between the traditional financial market and the virtual asset market, and establishing a more real-time and safer capital flow connection mechanism.
Taishin Bank stated that financial transactions and service models are changing rapidly, making financial services no longer limited to traditional models. How to allow users to flexibly maneuver between different assets and financial fields will undoubtedly become the key to the financial industry's standout performance. Taishin Bank provides corporate clients with 24/7 (24 hours a day, seven days a week) comprehensive cash collection and payment services, possessing cash flow stability, risk control, and cybersecurity architecture, which can provide virtual asset exchanges and cryptocurrency investors with a safer, more transparent, and sustainable virtual asset funding entrance. By combining the stability of the financial industry with the speed of the tech industry, Taiwan can meet the real-time and digital standards promoted by the international financial market.
HOYA BIT founder and chairman Peng Yun-Hsien stated that as traditional finance and fintech deeply integrate, virtual assets have become an indispensable key piece for Taiwan to move towards becoming an 'Asian Asset Management Center.' Guided by this macro vision, HOYA BIT is committed to introducing international service standards to Taiwan based on the compliance foundation of completing the Financial Supervisory Commission's money laundering prevention registration (FSC Securities No. 1140349566), concretely practicing the core value of being 'Taiwan's most friendly exchange.'
Taishin Bank has long been committed to innovation in the field of digital finance, and its digital banking brand Richart is favored by the younger generation and highly digitalized investors, holding a leading position among domestic digital banks. In response to the rapid global transition of asset structures towards digitization, Taishin Bank and HOYA BIT will use this collaboration as a foundation to continuously promote more innovative services that meet international standards, hoping to elevate Taiwan's important role in the global fintech market.
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