Haskey Group (3887.HK) has confirmed teaming up with SGX-listed food security company, Oceanus Group, to transform global trade finance by providing a regulated stablecoin settlement infrastructure.
The Memorandum of Understanding, announced today, aims to deploy compliant stablecoin settlement models. Notably, this deal will run through HashKey Technology Services and Oceanus’s AI-centric arm ODIN. With one common goal of using stablecoin to close the $2.5 trillion trade gap that has strangled SMEs in Asia for years.
With stablecoins, even traditional trading firms dealing in wines, meat, and seafood can complete transactions securely and faster than ever. Commenting on the strategic alliance, Haskey Technology Services’ director Jason Tay says:
“By serving as the preferred institutional settlement layer for ODIN, we are providing the regulated infrastructure necessary for stablecoin capital to flow into real-world trade. This is a critical step in our mission to enhance financial inclusion and security across Asian trade corridors.”
An unlikely alliance with a clear logic
Oceanus started as a premium farming business. Today, it has transformed into a food security platform with Web3 goals. It leverages its ODIN subsidiary to help traditional commodity traders use stablecoins without the hassles of regulation.
On the other hand, HashKey has spent years building a compliant blockchain infrastructure that enterprise-grade players can trust.
Now, the duo is joining forces. ODIN will handle trading, whereas Hashkey offers the settlement infrastructure. With that, commodity traders interacting with seafood, wines, and meat unlock the speed of blockchain technology without surrendering regulatory standing.
ODIN CEO Adrian Teo is bullish about their collaboration with Hashkey, saying:
“We are evolving from an aquaculture pioneer into a digitally savvy global trade powerhouse.”
Stablecoins eyes $1.5 quadrillion threshold
What’s astounding about this alliance is the market it is entering.
The latest Chainalysis report shows stablecoins processes $28 trillion in real economic volume in 2025. That indicates a 133% compound annual growth rate since 2023. Meanwhile, analysis expects this figure to hit $1.5 quadrillion by 2035. And that would mean eclipsing the existing entire cross-border settlement market.
Figure 1Source – Chainalysis
Chainalysis cites wealth transfers to crypto-native Gen Zs and Millennials, and enhanced regulations through laws like the US’s GENIUS Act.
Legacy rails are also adjusting as they can’t ignore the pressure. For instance, Stripe acquired Bridge, while Mastercard tapped BVNK. That shows stablecoins are no longer optional. And for Asian trade systems that are slow and expensive correspondent to banking networks, the Oceanus-Hashkey alliances could be what’s missing.
