Hong Kong, China, June 18, 2024, Chainwire
AnchorX, a Hong Kong-based fintech company and stablecoin expert, is proud to announce the signing of two Memorandums of Understanding (MOUs) in Kazakhstan. This comes during their recent participation in the Mainland China-Hong Kong Joint Business Mission from May 16 to 25, 2024, visiting Hungary, Kazakhstan and Xinjiang to explore partnership opportunities along the Belt and Road routes. (B&R).
AnchorX was invited to join the mission to leverage its expertise in stablecoin solutions, thereby promoting technological innovation and the digital economy together with B&R partners. AnchorX plans to use its stablecoin offerings, including HKD-backed AxHKD, to facilitate cross-border trade and commercial activities between Hong Kong and B&R partner countries.
The first MOU is with the Astana International Financial Center Authority (AIFC Authority), the regulatory body responsible for developing the AIFC as the main financial center for Central Asia, the Caucasus, the EAEU and Western China. The second is with Aral Petroleum Capital, one of the leading oil and gas companies in Eastern Kazakhstan.
Conflux Network provides AxHKD with its underlying technology and is currently working with the Chinese government on the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road.” The goal of the platform is to create a cutting-edge blockchain foundation capable of facilitating multi-country deployment and enabling collaborative oversight across multiple domains.
About AnchorX
AnchorX is a Hong Kong-based financial technology company, with a vision to be the most trusted digital currency solutions provider in Asia. It is strategically backed by top-tier blockchain and financial companies, including Hony Capital and Conflux Network. AnchorX's flagship stablecoin, AxHKD, maintains a 1:1 HKD peg and is designed to facilitate cross-border transactions and promote the integration of digital and traditional assets in Hong Kong.
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About Conflux
Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies across borders and protocols. It uses a hybrid PoW/PoS consensus mechanism to ensure a fast, secure and scalable blockchain environment. With Conflux, congestion is eliminated, rates remain low, and network security is improved.
As the leading public blockchain for regulatory compliance in China, Conflux offers a clear advantage for projects looking to enter the Asian market. The platform collaborates with recognized global brands and government entities in the region, promoting blockchain and metaverse initiatives. Notable partnerships include the City of Shanghai, China Telecom (NYSE 🙂, Little Red Book (“Instagram” China), McDonald's (NYSE 🙂 China and Oreo.
Users can get more information:
ContactMelissa Tirey[email protected]
This article was originally published on Chainwire.
