W Group has announced the next stage in the development of hashbank, a fully licensed universal digital bank that combines traditional banking services with the infrastructure of the open Web3 economy within a single application.

This level of integration remains rare in banking. hashbank places conventional banking services and connectivity with external crypto wallets in one mobile experience, allowing customers to receive digital assets from external wallets and platforms and to send them to external blockchain addresses, with support for more than 150 digital assets.

Banking and digital assets in one app

Bank accounts and crypto infrastructure have traditionally operated as separate systems. To complete a single transaction, users have had to move between their bank, a crypto platform and an external wallet. hashbank consolidates these services into one banking environment. Each handoff in that chain means a separate account, interface and set of security checks for what is, in practice, a single transaction.

A customer can receive a digital asset from an external wallet, exchange it for fiat and use the bank's services, or send digital assets to an external blockchain address. Transfers are protected by authentication, address verification, anti-money-laundering procedures and blockchain analytics. The result is a borderless banking model – a financial experience that brings fiat, crypto assets and international money transfers together.

“We are not building businesses that exist only in Web2 or only in Web3. The biggest opportunities will emerge between them. Our task is to build the infrastructure – bridge – that allows these worlds to work together. hashbank is one example of this strategy. It is a fully licensed digital bank that is open to new financial networks and capable of connecting different currencies, platforms and systems,” said Volodymyr Nosov, Founder and President of W Group.

Part of a connected financial ecosystem

hashbank holds a full banking license from the National Bank of Georgia, obtained in 2023, and began operating in a live environment in 2024. The bank currently serves approximately 60,000 customers across 73 countries. The National Bank of Georgia is the country's central bank, and the full license places the bank under its ongoing supervision – a layer of oversight that standalone crypto wallets and exchange apps typically do not carry.

Its market position is further differentiated by the combination of broad external-wallet connectivity, direct integration with WhiteBIT, everyday and cross-border banking services, and access for both individuals and businesses. Within the South Caucasus and Central Asia, hashbank is the first fully licensed bank to offer this integrated model within its mobile banking application.

“By introducing this service, hashbank sets a new precedent for banking in Georgia and the wider region, strengthening the bridge between traditional banking and digital assets. Our ambition is to make borderless banking a practical reality – giving customers greater freedom to move and use their money, while making everyday banking simpler and digital assets more familiar and accessible,” said Goga Chanadiri, CEO of hashbank.

hashbank and WhiteBIT benefit from a direct integration and strategic synergy within the broader W Group ecosystem, while operating under the strict independent governance required of a license. WhiteBIT, a cryptocurrency exchange within the W Group ecosystem, has 10 million users on its platform, while the wider W Group ecosystem brings together businesses serving around 40 million users globally.

Focus on international financial infrastructure

The next stage of hashbank's development will concentrate on expanding its international financial infrastructure. The bank is working on international rails, new currencies and cross-border corridors, as well as banking-as-a-service and embedded banking. This will enable hashbank's banking infrastructure to serve not only end customers, but also fintech companies, crypto platforms and other businesses that require access to regulated financial services. The banking-as-a-service plans are the component to watch, since they would extend hashbank's regulated infrastructure beyond its own app to companies building financial products.

For W Group, hashbank is not a standalone business but part of a long-term model. The stated goal is to build a global, full-cycle financial ecosystem in which banking, payments, digital assets, blockchain and international financial infrastructure can work together.

About W Group

W Group is a global fintech ecosystem that makes blockchain and crypto easy, secure and accessible. It serves more than 40 million users across 150 countries worldwide and is committed to shaping the future of finance through simple, accessible and secure solutions. Additional information is available on the official website: W Group.

About hashbank

hashbank is a digital bank that offers users simple, secure and modern banking services. Through synthesis of innovative technologies and strict banking standards, the bank creates financial solutions tailored to the demands of the digital economy. For its technological achievements in 2026, the international publication Global Banking & Finance Review awarded hashbank the title of “Best New Digital Bank Georgia 2026,” once again highlighting its leading position in the region's financial and technology sectors.

Source: GlobalFinTechSeries