blockchain Tag

15 Apr HSBC CEO Quinn says future tokenised products, like gold offering, will be ‘backed by something real’

Posted at 00:00h in Asia

Hong Kong’s largest commercial bank, HSBC, plans to expand its line-up of tokenised assets so its customers can enjoy the benefits of such digital products, but will make sure these offerings are grounded in reality, according to the bank’s CEO. It intends to steer away...

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12 Apr Telegram’s blockchain teams with HashKey in Asia for off-ramp services to exchange Toncoin cryptocurrency for cash

Posted at 13:00h in Asia

HashKey Group, operator of one of only two licensed cryptocurrency exchanges in Hong Kong, is teaming up with the operator of the blockchain created by Telegram Messenger to give users an on- and off-ramp by exchanging their so-called Toncoins for cash.The agreement applies to users...

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09 Apr HSBC summit: digital assets market at ‘tidal point’, Hong Kong best placed to drive it forward, bank’s global strategy head says

Posted at 11:12h in Asia

The market for digital assets is poised to take off this year and Hong Kong is best placed to develop it further after putting in place substantial regulatory frameworks and scoring key transactions, according to HSBC.“The market really is at its tidal point,” said John...

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05 Apr Carbon finance: why deals to fund nature-based climate mitigation and adaptation no longer count on carbon credits

Posted at 08:16h in Asia

Financiers of nature-based projects that seek to reduce and capture carbon emissions while also enhancing developing nations’ resilience against climate change are focusing on investments that are viable even without carbon-credit revenues, according to Hong Kong-based capital providers.Such projects appeal to more mainstream investors after...

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21 Mar Hong Kong SMEs eager to adopt AI, robotics and other technologies despite costs and skills gap: HSBC survey

Posted at 05:00h in Asia

“Small businesses want technology that will make them more efficient, that requires the lowest resources but delivers maximum impact,” said Ronson Chau, the head of growth at digital payments start-up Wonder, who cited productivity-focused tasks, like automating processes and drawing insights from data, as common...

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15 Mar What is wCBDC and why is it important for Hong Kong?

Posted at 01:30h in Asia

The HKMA will also develop common standards by forming an “architecture community”, which has already attracted interest from some of the largest banks and technology companies, such as HSBC, Standard Chartered, Bank of China (Hong Kong), Ant Group, Microsoft and Hashkey Group.Here are some of...

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05 Mar Cryptocurrency: game-changing blockchain will need shrewd regulation to protect consumers, says Franklin Templeton boss

Posted at 11:15h in Asia

Blockchain is quickly shaking up the financial sector and, given the popularity of bitcoin exchange-traded funds (ETFs), regulators will need to step up their game when it comes to consumer protection and oversight of the burgeoning industry, according to the president and chief executive of...

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29 Feb Hong Kong, Singapore, Japan regulators welcome tokenisation push, call for closer alliance with private sector

Posted at 11:30h in Asia

Regulators in three of the biggest financial markets in Asia said they welcome tokenised securities – traditional investment products like stocks, bonds and mutual funds that use distributed ledger technology- as a means to promote efficiency, disintermediation, liquidity and financial inclusion in markets. They also...

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01 Feb Ant Group inks strategic partnership with Shanghai to help the city’s AI ambitions

Posted at 11:00h in Asia

Ant Group and the Shanghai municipal government have struck a partnership that would see the two parties deepen their collaboration in fields such as blockchain and artificial intelligence (AI).Under the partnership, Ant Group, the Alibaba Group Holding fintech affiliate, will “actively participate in building [an]...

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