HashKey Cloud becomes masternode validator on XDC Network

HashKey Cloud joined XDC Network in 2026 as a masternode validator. HashKey Cloud is the institutional staking and node services arm of HashKey Holdings, a company listed on the Hong Kong exchange. The unit holds licenses from the Monetary Authority of Singapore and the Hong Kong Securities and Futures Commission.

On XDC Network, masternode validators validate transactions, maintain the ledger and take part in governance. XDC operates a curated validator model that favors identifiable operators and predictable operations rather than an anonymous or very large open validator set.

XDC’s model is aimed at use cases such as trade finance, tokenized deposits, securities settlement and supply-chain records, where counterparties require clear operator accountability and uptime commitments.

HashKey Cloud joins a validator set that already includes Deutsche Telekom, SBI Holdings and UOB Venture Management. XDC reports more than $1.3 billion in tokenized U.S. Treasury bonds and private credit facilitated on-chain.

Banks, asset managers and regulators in Asia are placing greater emphasis on who operates networks used for tokenization and settlement. Institutional participants are moving beyond holding tokens or advising pilots and are taking direct operational roles on blockchains.

Firms assessing network risk consider governance standards, uptime expectations, operator accountability and jurisdictional alignment alongside technical performance, industry participants say.

Chen Shanlong, Head of Asia at XDC Network, said: “Every institution that joins as a validator strengthens the case for XDC as the network that financial institutions and governments can rely on. These institutions operating at the validator level bring compliance standards, governance accountability, and a level of credibility that anonymous operators cannot provide.”

Leo Li, CEO of HashKey On-Chain BG, said Asia leads institutional blockchain adoption and that financial institutions and governments in the region are moving toward blockchain-based settlement and tokenization, a development HashKey plans to support through expanded validator participation.

XDC Network expects additional institutional validator partnerships across Asia, the Middle East and Europe in the months ahead. Asset issuers and institutional users have raised questions about who secures the chains hosting regulated products and how governance decisions are made.