Taishin Bank and HOYA BIT collaborate on New Taiwan Dollar trust services! 24/7 deposits and withdrawals, balancing security and convenience

Taishin Bank partners with domestic virtual asset exchange HOYA BIT (Hoya Digital Technology) for New Taiwan dollar trust services for the first time. Taishin Bank, as a trustee under a trust agreement, manages HOYA BIT users’ fiat currency funds. After users submit deposit or withdrawal requests, they can enjoy real-time deposits and withdrawals with funds transferred to the linked New Taiwan dollar account within 24 hours, shortening the fund transfer process and making capital movement faster for investors, creating a secure and convenient cash flow service.

Unlike the stock market, which has trading hours restrictions, the crypto market operates 24/7, increasing the demand for instant fund allocation among investors. However, in the past, crypto investors faced complicated procedures and long waiting times when depositing or withdrawing New Taiwan dollars. During weekends or holidays, they had to wait until the next business day to complete fund transfers. Lengthy transaction processes affect the flexibility of fund utilization. To address these pain points for crypto investors, Taishin Bank has partnered with HOYA BIT to launch New Taiwan dollar trust services, reducing the trading time gap between traditional financial markets and virtual asset markets, and establishing a more immediate and secure fund flow connection mechanism.

Taishin Bank states that financial transactions and service models are evolving rapidly, making financial services no longer limited to traditional methods. How to enable users to flexibly allocate assets across different financial sectors will be key for the financial industry to stand out. Taishin Bank offers enterprise clients 24/7 (24 hours a day, seven days a week) cash flow collection and payment services, with stable cash flow, risk control, and cybersecurity architecture. This provides virtual asset exchanges and crypto investors with a safer, more transparent, and sustainable virtual asset fund entry point. By combining the stability of the financial industry with the speed of the tech industry, Taiwan can meet the international standards for real-time and digital transformation.

HOYA BIT founder and chairman Peng Yunxian said that as traditional finance and fintech deepen their integration, virtual assets have become an indispensable part of Taiwan’s path toward becoming the “Asia Asset Management Center.” Guided by this macro vision, HOYA BIT, after completing the compliance registration with the Financial Supervisory Commission (FSC license number 1140349566) for anti-money laundering, is committed to introducing international service standards into Taiwan and practically embodying the core value of “Taiwan’s most friendly exchange.”

Taishin Bank has long been committed to digital financial innovation. Its digital banking brand Richart is favored by young generations and highly digitalized investors, holding a leading position among domestic digital banks. Facing the rapid digital transformation of global asset structures, Taishin Bank and HOYA BIT will use this cooperation as a foundation to continue promoting more innovative services that meet international standards, aiming to jointly elevate Taiwan’s role in the global fintech market.

(The above content is provided by HOYA BIT)

Disclaimer: This article is for market information only. All content and viewpoints are for reference only and do not constitute investment advice. They do not represent the objective views and positions of BlockCast. Investors should make their own decisions and transactions. The author and BlockCast shall not be responsible for any direct or indirect losses resulting from investor transactions.