{"id":4790,"date":"2023-10-05T11:20:19","date_gmt":"2023-10-05T11:20:19","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=4790"},"modified":"2023-10-05T11:20:19","modified_gmt":"2023-10-05T11:20:19","slug":"hkex-to-launch-blockchain-based-payment-platform","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/hkex-to-launch-blockchain-based-payment-platform\/","title":{"rendered":"HKEX to Launch Blockchain-Based Payment Platform"},"content":{"rendered":"

Hong Kong Exchanges and Clearing Limited (HKEX<\/strong>) 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. <\/strong>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<\/strong>. As it is known Stock Connect is a HKEX channel that allows investors to access approximately 1,000<\/strong> Chinese stocks.<\/p>\n

You might like: StarkNet Delays Its Initial Token Unlocking!<\/em><\/strong><\/a><\/span><\/p><\/blockquote>\n

HKEX Synapse<\/strong> will provide real-time visibility and information delivery capability for all market participants by eliminating sequential processes.<\/p>\n

Glenda So (HKEX Group FIC President)\u00a0has announced<\/span><\/h2>\n

HKEX Group Emerging Business and FIC President Glenda So<\/strong> said, \u201cWe 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.”<\/p>\n

The Hong Kong Stock Exchange<\/strong> had licensed many crypto companies to be able to operate in Hong Kong.\u00a0HashKey<\/strong>\u00a0and\u00a0<\/span>OSL<\/strong> companies received t<\/span>he most recent licenses<\/span>. <\/span>OKX<\/strong> had announced that it was about to get a Hong Kong virtual asset service provider license (<\/span> VASP<\/strong>). Hong Kong-based <\/span>CMCC Global<\/strong> 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.<\/span><\/p>\n

\n

You can freely share your thoughts and comments about the topic in the comment section. Additionally, please don\u2019 t forget to follow us on our\u00a0Telegram<\/strong>,\u00a0<\/a>YouTube<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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<\/p>\n","protected":false},"author":1,"featured_media":4789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,2],"tags":[1805,1812,1811,816],"class_list":["post-4790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","category-news","tag-cmcc-global","tag-hkex","tag-hong-kong-stock-exchange","tag-okx"],"yoast_head":"\nHKEX to Launch Blockchain-Based Payment Platform - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Hong Kong Exchanges and Clearing Limited (HKEX) announced that it will launch a blockchain-based payment platform.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/hkex-to-launch-blockchain-based-payment-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HKEX to Launch Blockchain-Based Payment Platform - 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