The Solana Company Targets Hong Kong for Massive APAC Expansion
The company, which holds 2.2 million SOL, stressed that it is targeting an expansion in Hong Kong, as the city has identified tokenization as a key area of fintech development.…
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HSBC’s Redcoin Stablecoin Draws 50k Users in Launch Week
While the bank ultimately wants Redcoin, one of the first regulated Hong Kong dollar stablecoins, to reach millions, the token has already seen meaningful adoption just one week after launching…
Anchorpoint Taps Solana to Launch HKDAP Regulated Stablecoin
The Standard Chartered-led consortium entered a strategic collaboration with the Solana Foundation, aiming to bring its HKDAP stablecoin to the Solana ecosystem and enable native minting and redemptions on the…
London Metal Exchange Tokenizes Reserves to Unlock New Financing
According to reports, the institution’s tokenization push involves putting its off-the-books metal reserves, held in warehouses, to work by using them as digital assets to finance its business. The move…
HSBC Launches First Stablecoin, Bringing Hong Kong Dollar Payments to 3.3M Users
HSBC has launched its first stablecoin, a Hong Kong dollar-backed digital currency designed for everyday payments, marking a significant step toward mainstream adoption of blockchain-based financial services in the city.…
Binance Eyes Hong Kong, South Korea, Taiwan, Brazil Stocks in Global Push
Binance is exploring ways to give users exposure to leading stocks in markets including Hong Kong, South Korea, Taiwan, and Brazil as it accelerates a shift beyond crypto. Binance Moves…
Ledger Wallets Taken off Shelves in 7 Asian Markets as Spy Chip Probe Deepens
Ledger has told resellers and distributors in six Southeast Asian countries and Hong Kong to stop selling its hardware wallets and pull them from shelves while it investigates tampered devices.…
HSBC Redcoin to Start With Transfers and Payments in Hong Kong
HSBC’s forthcoming Hong Kong dollar stablecoin will begin with person-to-person transfers and merchant payments before soon expanding to wholesale corporate and institutional use cases. A survey of 1,060 customers accompanied…
Chelsea’s USDC Jersey Deal Triggers Fears for Hong Kong Fans
The deal has sparked concerns among Hong Kong fans, who fear that wearing the team’s jersey could make them liable for what the HKMA’s stablecoin ordinance describes as offenses related…
XRP Retail Trading Goes Live on Hong Kong’s Licensed OSL Exchange
Hong Kong retail investors can now trade XRP through OSL, which became the first exchange in the city to offer the token to retail customers, according to the company. The…
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