HKEX to Launch Blockchain-Based Payment Platform

admin — Thu, 05 Oct 2023 11:20:19 +0000

Hong Kong Exchanges and Clearing Limited (HKEX) announced that it will launch a blockchain-based payment platform. In its announcement, the Hong Kong Stock Exchange HKEX will launch a payment platform called Synapse. Thus, It aims to increase efficiency and reliability in clearing transactions. Furthermore, the platform will launch on October 9. Besides, HKEX is planning the platform to be integrated into the Stock Connect. As it is known Stock Connect is a HKEX channel that allows investors to access approximately 1,000 Chinese stocks.

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HKEX Synapse will provide real-time visibility and information delivery capability for all market participants by eliminating sequential processes.

Glenda So (HKEX Group FIC President) has announced

HKEX Group Emerging Business and FIC President Glenda So said, “We are pleasure to launch HKEX Synapse, a significant upgrade to our Stock Connect infrastructure, which will support the next phase of growth for international participation in China’s mainland stock markets. Additionally, this technology-powered platform will not only increase post-trade efficiency but will also create a stronger, better ecosystem by supporting both market growth and investor growth strategies over time. We are very proud to introduce Synapse to our market and look forward to continuing to adopt new technologies that will benefit our markets and customers in the future.”

The Hong Kong Stock Exchange had licensed many crypto companies to be able to operate in Hong Kong. HashKey and OSL companies received the most recent licenses. OKX had announced that it was about to get a Hong Kong virtual asset service provider license ( VASP). Hong Kong-based CMCC Global raised 100 million US dollars for the Titan Fund, a new fund aimed at supporting Asian blockchain start-ups. This shows us that the crypto sector in Hong Kong is growing rapidly.

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The post HKEX to Launch Blockchain-Based Payment Platform appeared first on Coin Engineer.

Hong Kong-Based CMCC Global Launches a Fund Worth 100 Million US Dollars!

Yunus Taşlı — Wed, 04 Oct 2023 22:24:48 +0000

Direct Answers: Hong Kong-based venture capital firm focusing on cryptocurrencies CMCC Global collected 100 million US Dollars for a new fund called Titan Fund, which aims to support Asian blockchain start-ups, on Wednesday. More than 30 investors participated in completing the first round of the fund.

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In an interview, Martin Baumann, founding partner of CMCC Global, stated that the Titan Fund is their fourth fund focusing on early-stage blockchain startups, especially focusing on Hong Kong. Baumann also explained that the fund was one of the leading investors of a new non-fungible token (NFT) project called Mocaverse, which raised 20 million US Dollars in September, and he previously participated in a pre-seed funding round for the fund in August.

Among the investors of the Titan Fund are notable figures such as blockchain company Block.one, Pacific Century Group of Hong Kong businessman Richard Li, Winklevoss Capital, Jebsen Capital, and Yat Siu, the founder of Animoca Brands. Baumann emphasized that two of the five investments made by the fund so far were Hong Kong-based companies.

Also, he mentioned that the Titan Fund has a focus on the Mocaverse project, which launched last December and raised 20 million US Dollars this September. Alongside this fund, CMCC Global also participated in a pre-seed funding round for the Hong Kong-based Web3 data infrastructure initiative Terminal 3.

The post Hong Kong-Based CMCC Global Launches a Fund Worth 100 Million US Dollars! appeared first on Coin Engineer.

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HKEX to Launch Blockchain-Based Payment Platform

Glenda So (HKEX Group FIC President) has announced

Hong Kong-Based CMCC Global Launches a Fund Worth 100 Million US Dollars!