Hong Kong financial technology company AnchorX announced its exploration of the Hong Kong dollar stable currency AxHKD. The company has received strategic support from leading companies in the traditional financial and blockchain technology fields. Hony Capital provides resource support and business collaboration for AnchorX. Conflux Network ) provides basic technology for AnchorX.
AxHKD is anchored 1:1 to the Hong Kong dollar. Its reserve assets are protected through a separate trust structure and held by financial institutions regulated in Hong Kong. OKLink Trust provides trust custody services to support cross-border business and transactions between Hong Kong and global markets. On-chain fiat currency tools for virtual asset transactions. Byron Wong, chief compliance officer of AnchorX, said that AxHKD will strictly follow Hong Kong’s regulatory standards for stablecoins and plans to study applications to participate in the upcoming regulatory sandbox.