Hong Kong and Shanghai signed an settlement to develop a cross-border blockchain platform aimed toward digitising cargo commerce and commerce finance infrastructure. The initiative seeks to hyperlink mainland commerce information with Hong Kong’s monetary techniques to facilitate shared digital payments of lading and automatic financial institution financing. Working below theContinue Reading
Banco Inter, Chainlink, and central banks of Brazil and Hong Kong accomplished a blockchain pilot connecting Drex and Ensemble for cross-border commerce settlements. The pilot examined real-time settlement utilizing DvP and PvP fashions, conditional funds, and automatic asset updates to scale back threat and prices for SMEs. Companions plan toContinue Reading
Hong Kong’s SFC now permits licensed crypto exchanges to attach with affiliated world platforms to share order books with the intention to enhance market liquidity and competitiveness. The brand new framework permits routing or consolidating orders with world books and relaxes itemizing guidelines for stablecoins and sure tokens provided toContinue Reading
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
