OneInfinity by OneDegree, the Hong Kong-based provider of digital asset insurance and risk management solutions, has announced a strategic partnership with SlowMist, the China-based blockchain security firm, to enhance Web3 security and insurance solutions for the digital asset ecosystem.

This collaboration marks a significant step forward in strengthening the security and resilience of the Web3 ecosystem, aligning with the festival’s mission to advance innovation and trust in the digital asset space, the duo said in a statement on Tuesday.

Through this alliance, OneInfinity and SlowMist will combine their expertise to deliver cutting-edge security and insurance solutions tailored for Web3 businesses, including trading platforms, custodians, asset managers, and technology providers.

SlowMist’s advanced blockchain security audits, threat intelligence, and anti-money laundering (AML) capabilities will complement OneInfinity’s innovative insurance offerings, such as digital asset wallet protection and corporate liability coverage.

Together, they aim to empower Web3 enterprises with comprehensive risk management tools to navigate the evolving digital landscape confidently.

“We are excited to partner with SlowMist, a leader in blockchain security, to bolster the safety and trustworthiness of the Web3 ecosystem,

“This collaboration reflects our shared commitment to fostering a secure and sustainable future for digital assets, and there’s no better stage than the Hong Kong Web3 Festival to launch this initiative,” said Rex Zhang, Chief Operating Officer of OneInfinity by OneDegree.

Keywolf, Partner and Chief Product Officer of SlowMist, said teaming up with OneInfinity allows the firm to integrate its security expertise with its pioneering insurance solutions, creating a robust framework for Web3 businesses.

The collaboration underscores both companies’ dedication to supporting the growth of the digital economy in Hong Kong and beyond, said the statement.

OneInfinity by OneDegree offers tech-enabled digital asset insurance and risk management solutions globally.

By offering tailor-made insurance to end-to-end digital asset players (including trading platforms, custodians, asset managers, banks, family offices and technology providers), OneDegree strengthens its clients’ competitive edge by enabling them to implement best practices under a robust risk management framework and secure a safety net for their assets under custody.

OneInfinity is enabled by first-in-class cybersecurity technology offered by Cymetrics, a sister company of OneDegree.

Its solutions include digital asset wallet insurance (crime, and specie) and corporate liability coverages (Professional Indemnity, Directors and Officers, Investment Management and Cyber).

SlowMist is a blockchain security firm established in January 2018.

The firm was started by a team with over ten years of network security experience to become a global force.

Its goal is to make the blockchain ecosystem as secure as possible for everyone.

The firm is now a renowned international blockchain security firm that has worked on various well-known projects such as HashKey Exchange, OSL, MEEX, BGE, BTCBOX, Bitget, BHEX.SG, OKX, Binance, HTX, Amber Group, Crypto.com, etc.

SlowMist offers a variety of services that include but are not limited to security audits, threat information, defense deployment, security consultants, and other security-related services.

Its also offer AML (anti-money laundering) software, MistEye (security monitoring) , SlowMist Hacked (crypto hack archives), FireWall.x (smart contract firewall) and other software as a service (SaaS) products.

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