ChinaAMC Solana (3460), the world’s first spot Solana ETF, has been authorized in Hong Kong and can commerce in Hong Kong {dollars}, Chinese language yuan, and U.S. {dollars}. The ETF will use OSL Digital Securities as sub-custodian and digital asset buying and selling platform, benefiting from the issuer’s present operationalContinue Reading
Ant Group and JD.com must stop issuing stablecoins in Hong Kong following instructions from the Chinese government. Chinese officials view privately run stablecoins as a risk to the e-CNY, its central bank digital currency, which has struggled with broad adoption. Officials are concerned that stablecoin “over-issuance” without full reserve backingContinue Reading
Chainlink, UBS, and DigiFT are piloting an automated tokenised fund system in Hong Kong under the Cyberport programme. The platform automates fund operations with smart contracts, following CMTA Token standards and Hong Kong regulations. Executives emphasise transparency and efficiency, aiming to grow tokenised products globally. Chainlink, UBS Asset Management, andContinue Reading
QMMM announced a US$100m (AU$153.2m) crypto treasury, sending shares up 2,300% before closing at US$207 (AU$317.1). Gains cooled in after-hours trading, with shares down nearly 25% to US$156.31 (AU$239.40). CEO Bun Kwai highlighted fast-growing blockchain adoption as the driver of QMMM’s digital asset strategy. Hong Kong-based investment company QMMM Holdings’Continue Reading
