Hong Kong-Based Fintech Company AnchorX Signs MOUs in Kazakhstan
AnchorX, a fintech company based in Hong Kong and known for its expertise in stablecoins, has recently announced the signing of two Memorandums of Understanding (MOUs) in Kazakhstan. The agreements were reached during AnchorX's participation in the Mainland-Hong Kong Joint Business Mission, which took place from May 16-25, 2024. The mission aimed to explore partnership opportunities along the Belt and Road routes, covering visits to Hungary, Kazakhstan, and Xinjiang.
AnchorX's involvement in the mission was specifically to showcase its proficiency in stablecoin solutions, with the goal of driving technological innovation and digital economy growth in collaboration with Belt and Road partners. The company intends to leverage its range of stablecoin offerings, such as the HKD-backed AxHKD, to streamline cross-border trade and business interactions between Hong Kong and Belt and Road member countries.
The Memorandums of Understanding
The first MOU signed by AnchorX is with the Astana International Financial Centre Authority (AIFC Authority), which serves as the regulatory body overseeing the development of the AIFC as the primary financial hub for Central Asia, the Caucasus, EAEU, and Western China. The second MOU involves Aral Petroleum Capital, a prominent oil and gas enterprise located in Eastern Kazakhstan.
Conflux Network Collaboration
Conflux Network plays a vital role by providing the underlying technology for AxHKD. Notably, Conflux Network is engaged in a collaboration with the Chinese government on the creation of the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road.” This platform aims to establish a state-of-the-art blockchain foundation capable of seamless deployment across multiple nations, enabling unified oversight in diverse sectors.
About AnchorX
AnchorX is positioned as a leading fintech entity based in Hong Kong, dedicated to becoming the most trusted provider of digital currency solutions in Asia. The company enjoys strategic support from esteemed financial and blockchain enterprises, including Hony Capital and Conflux Network. AnchorX's flagship stablecoin, AxHKD, maintains a 1:1 peg to the Hong Kong Dollar and is tailored to facilitate cross-border transactions, fostering the convergence of digital and traditional assets within Hong Kong.
About Conflux Network
Conflux Network operates as a permissionless Layer 1 blockchain, fostering decentralized economies that transcend geographical and protocol boundaries. Through its hybrid PoW/PoS consensus mechanism, Conflux Network ensures a fast, secure, and scalable blockchain environment. The platform stands out for eliminating congestion, maintaining low fees, and bolstering network security.
As the primary regulatory-compliant public blockchain in China, Conflux Network offers a competitive edge to projects seeking entry into the Asian market. The platform collaborates with renowned global brands and governmental bodies in the region, spearheading blockchain and metaverse ventures. Key partnerships encompass entities such as the city of Shanghai, China Telecom, Little Red Book, McDonald's China, and Oreo.
For further information: AnchorX: Official Website Conflux Network: Official Website
Contact
Melissa Tirey Email: melissa@shift6studios.com
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