Taishin Bank and HOYA BIT Forge Landmark Partnership for Enhanced Cryptocurrency Fiat Trust Services

Taishin Bank has announced a pioneering collaboration with HOYA BIT (禾亞數位科技), a leading domestic virtual asset exchange, to introduce comprehensive New Taiwan Dollar (NTD) trust services. This strategic alliance marks a significant step forward in integrating traditional finance with the rapidly evolving cryptocurrency market, promising a safer, faster, and more convenient financial experience for HOYA BIT users.

Streamlining Fiat Transactions for Crypto Investors

Under this new arrangement, Taishin Bank will act as the trustee, diligently managing the fiat currency funds of HOYA BIT users in accordance with a meticulously crafted trust agreement. This partnership is set to dramatically improve the user experience by offering:

• Instant Deposits: Users can now enjoy immediate processing of their NTD deposits.
• Rapid Withdrawals: Funds will be transferred to linked NTD bank accounts within 24 hours of a withdrawal request.

This acceleration of fund processing time ensures that investors can move their capital with unprecedented speed, establishing a financial service that masterfully balances robust security with unparalleled convenience.

Addressing the Need for 24/7 Liquidity in the Crypto Market

Unlike conventional stock markets with their fixed trading hours, the cryptocurrency market operates relentlessly, 24 hours a day, seven days a week. This constant activity inherently drives a heightened demand for immediate fund liquidity among investors. Historically, crypto investors in Taiwan have grappled with complex procedures and prolonged waiting periods for NTD deposits and withdrawals. These challenges were particularly acute during weekends or public holidays, often forcing investors to delay fund transfers until the next business day, thereby hindering their financial agility.

To directly address these critical pain points, Taishin Bank and HOYA BIT have joined forces to bridge the operational gap between traditional financial systems and the virtual asset landscape. Their new NTD trust service establishes a more immediate and secure mechanism for fund flow, ensuring that investors can manage their assets efficiently, regardless of the day or time.

Taishin Bank’s Commitment to Digital Financial Innovation

Taishin Bank emphasizes that the rapid evolution of financial transactions and service models necessitates a departure from traditional approaches. The ability to empower users with flexible asset allocation across diverse financial domains is paramount for financial institutions seeking to lead the market. Taishin Bank is uniquely positioned to offer corporate clients 24/7 (24 hours a day, seven days a week) fund collection and payment services, underpinned by exceptional financial stability, rigorous risk control, and a cutting-edge cybersecurity infrastructure.

This robust framework enables Taishin Bank to provide virtual asset exchanges and cryptocurrency investors with a safer, more transparent, and sustainable gateway for virtual asset funds. By synergizing the stability inherent in the financial industry with the agility of the technology sector, this collaboration aims to align Taiwan with the international financial market’s standards for real-time and digitized services.

HOYA BIT: Pioneering a User-Friendly and Compliant Exchange

Ms. Peng Yun-hsien, Founder and Chairperson of HOYA BIT, highlighted the profound integration of traditional finance and financial technology, asserting that virtual assets are an indispensable component for Taiwan to realize its aspiration of becoming an “Asia Asset Management Center.” Driven by this ambitious vision, HOYA BIT has consistently prioritized compliance, having successfully completed its anti-money laundering registration with the Financial Supervisory Commission (FSC Securities No. 1140349566).

HOYA BIT is dedicated to introducing international-grade service standards to Taiwan, thereby embodying its core value as “Taiwan’s most user-friendly exchange.” This commitment to both regulatory adherence and superior user experience forms the bedrock of its operations.

A Vision for Taiwan’s Fintech Leadership

Taishin Bank has a long-standing reputation for cultivating innovation in the digital finance sector. Its acclaimed digital banking brand, Richart, is a preferred choice among the younger generation and highly digital-savvy investors, establishing Taishin Bank as a leader in Taiwan’s digital banking landscape. As global asset structures rapidly transition towards digitalization, Taishin Bank and HOYA BIT are poised to leverage this foundational partnership.

They plan to continuously develop and promote innovative services that meet rigorous international standards, with the ultimate goal of collectively enhancing Taiwan’s pivotal role in the global financial technology market.

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(The above content is provided by HOYA BIT)