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 Memoranda of Understanding (MOUs) in Kazakhstan. This came during his recent participation in a joint mainland-Hong Kong business mission from May 16-25, 2024, which visited Hungary, Kazakhstan and Xinjiang to explore partnership opportunities on the Belt and Road (B&R) routes.
AnchorX was invited to join the mission to leverage its expertise in stablecoin solutions, thereby supporting technological innovation and the digital economy together with B&R partners. AnchorX plans to leverage its stablecoin offering, including HKD-backed AxHKD, to facilitate cross-border trade and business activities between Hong Kong and B&R partner countries.
The first agreement was concluded with the Astana International Financial Center Authority (AIFC Authority), the regulatory body responsible for developing AIFC as a leading financial center in Central Asia, the Caucasus, the EAEU and Western China. The second concerns Aral Petroleum Capital, one of the leading oil and gas companies in eastern Kazakhstan.
Conflux Network provides AxHKD with core technology and is currently working with the Chinese government on a “ultra-large-scale one-belt-one-road blockchain infrastructure platform.” The platform aims to create a state-of-the-art blockchain foundation that will be able to facilitate implementation in multiple countries and enable common governance across domains.
About AnchorX
AnchorX is a Hong Kong-based fintech company with a vision to be the most trusted digital currency solutions provider in Asia. It has strategic support from leading financial and blockchain companies, including Hony Capital and Conflux Network. AnchorX’s flagship stablecoin, AxHKD, is pegged at 1:1 HKD and is designed to facilitate cross-border transactions and promote the integration of digital and established assets in Hong Kong.
Users can learn more: https://www.anchorx.org/ or https://twitter.com/AnchorX_Ltd
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 provide a quick, secure and scalable blockchain environment. With Conflux, congestion is eliminated, fees remain low, and network security increases.
As the leading regulatory-compliant public blockchain in China, Conflux offers a distinct advantage to projects looking to enter the Asian market. The platform works with renowned global brands and government entities in the region to implement blockchain and metaverse initiatives. Notable partnerships include the city of Shanghai, China Telecom (NYSE:)), Little Red Book (Chinese “Instagram”), McDonald’s (NYSE:) China and Oreo.
Users can learn more: https://confluxnetwork.org/
contactMelissa Tireymelissa@shift6studios.com
