Tagged: hong kong

The StartMeUpHK Festival – Virtual (Hong Kong)

This week-long virtual festival is anchored by several core events and will feature the latest developments in smart cities, retail tech, artificial intelligence, Fintech, lifestyle tech, and more! Our core event partners host various events that collectively make up the festival, featuring keynote addresses by… Read More

Hong Kong’s HKT Financial Services, the Fintech Arm of HKT Group, Introduces Digital Financing Platform

Hong Kong-based HKT Financial Services, the Fintech division of the HKT Group, has launched another Fintech project, HKT Flexi, a digital or online financing platform that allows users to make payments via the HKT Flexi App. HKT Financial Services offers mobile payments, merchant services, O2O… Read More

Digital Asset Exchange FTX Introduces Cryptocurrency Trading for US-based Users

Digital asset exchange FTX has introduced a crypto trading platform for US-based users. FTX.US supports spot trading for major virtual currencies, including Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Paxos Gold token (PAXG), and stablecoin Tether (USDT). The new platform will provide up… Read More

Singapore’s CapBridge Financial Acquires Equity Investments from SGInnovate, Cyberport Macro Fund

Singapore-headquartered CapBridge Financial has acquired equity investments from SGInnovate, a private organization wholly-owned by the Singapore government. SGInnovate aims to help scientists establish “Deep Tech” startups. CapBridge has also received investments from the Cyberport Macro Fund, which offers seed to Series A stage funding to… Read More

Fintech Platforms in Hong Kong Seen As An Opportunity by Incumbents, Not a Threat, New Report Reveals

Over the course of the next ten years, banking institutions are planning to play a major role in supporting Fintech projects and the adoption of all-digital platforms. A new report suggests that incumbents feel confident that they won’t be completely replaced or displaced by Fintechs…. Read More

Lawsuit Filed Against BitMEX, a Major Cryptocurrency Derivatives Exchange, for Allegedly Engaging in Illegal Activities like Money Laundering, Racketeering

A lawsuit was filed on May 16, 2020, against HDR Global Trading Ltd, the parent company of the Hong Kong-operated Bitcoin Mercantile Exchange (BitMEX), a leading digital currency derivatives exchange that averages billions of dollars worth of daily trading volume. The 106-page lawsuit has also… Read More

China: WeiyangX Fintech Review

PBC, CBIRC, CSRC and SAFE Release Opinions on Providing Financial Support for the Development of Guangdong-Hong Kong-Macao Greater Bay Area To fully implement the decisions and arrangements of the CPC Central Committee and the State Council, upon the approval of the State Council, PBC, CBIRC,… Read More

Hong Kong Cryptocurrency Platform Crypto.com: MCO Visa Card Now Shipping In Europe

Hong Kong-based cryptocurrency platform Crypto.com announced on Friday its MCO Visa card is now shipping to a total of 31 countries in Europe. The platform claims it is the only crypto card provider offering cards in Asia, the full EU, and the U.S. Crypto.com reported… Read More

Hong Kong’s Bixin Global, a Cryptocurrency-focused Firm, Introduces $65 Million Bitcoin (BTC) Fund of Funds

Hong Kong-based Bixin Global, a cryptocurrency-focused company, has introduced what it calls a “fund of funds” (FOF), which has been financed with 6,600 Bitcoin (BTC), an amount valued at more than $65 million at the time of writing. As mentioned in a May 8, 2020,… Read More

ZA Bank, Hong Kong’s First All-Digital Bank, to Offer Insurance Services through “ZA Life” and “ZA Insure”

ZA Bank, the first digital bank to officially launch in Hong Kong, has decided to expand its line of products and services by offering insurance. This, soon after ZA Bank acquired a digital-only insurer license from the Hong Kong Insurance Authority under its Fast Track… Read More

Hong Kong: Fake Websites Pop Up Targeting Emerging Virtual Banks

While more traditional financial services firms are regularly spoofed two emerging Hong Kong virtual banks have recently been targeted by scammers. Both ZA Bank and Airstar Bank have seen bogus sites posted online in an attempt to fleece unsuspecting consumers. This past weekend, Airstar posted… Read More

Hong Kong Insurtech OneDegree Launches Medical Pet Insurance Service

OneDegree, a Hong Kong-based insurtech, recently announced its medical pet insurance. This launch comes just after the company received its virtual insurance license. Founded in 2016, OneDegree claims to be it is part of a new generation of insurers that are reimagining the industry with… Read More

Fireblocks Tops $30 Billion in Digital Assets Transfers, Sees Strong APAC Demand

Fireblocks reports having topped $30 billion in digital asset transfers and over $7 billion in monthly transfers, according to a company release. Fireblocks is an enterprise-grade platform providing the infrastructure for moving, storing, and issuing digital assets. Fireblocks seeks to enable exchanges, custodians, banks, trading… Read More

Hong Kong-based Fintech Firm Oriente Secures $50 Million in Capital via Series B Round

Oriente, a Hong Kong-headquartered Fintech firm, has secured $50 million in capital through its ongoing Series B investment round. Oriente offers critical financial resources to its customers such as cash loans, online credit, offline-to-online consumer finance services, point-of-sale (POS) lending services, and the capital needed… Read More

CoinDCX Lists CRO Token Marking Crypto.com’s Entry into India

CoinDCX, India’s largest crypto exchange, has listed Crypto.com‘s MCO and CRO tokens representing Hong Kong-based Crypto.com’s entrance into the Indian market.  Two trading pairs are now available on CoinDCX: CRO/BTC & CRO/INR. The MCO token is a payment and finance digital asset within the Crypto.com… Read More

SoFi Acquires 8 Securities in Hong Kong

  SoFi, one of the largest Fintechs in the US, has entered the Asian market with the acquisition of 8 Securities in Hong Kong. The acquisition follows another purchase by SoFi earlier this month when the Fintech acquired Galileo Financial Technologies for $1.2 billion in… Read More

Venture Smart Asia, a Crypto Firm Licensed by Hong Kong’s Securities and Futures Commission, to Offer Region’s First Digital Asset Fund

  Venture Smart Asia, a company licensed by Hong Kong’s Securities and Futures Commission (SFC), has introduced the territory’s first approved crypto asset fund with a target of $100 million under management during the first year of its launch. As reported by Bloomberg on April… Read More

Digital Banks: Over 10 Million Filipino Adults are Using Online-Only Banks, Consumers in Other Areas Increasingly Using Neobanks

Digital banks or neobanks have now been around for several years. There are many challenger banks that aim to compete with and provide better financial services than traditional banks and institutions. Conducting transactions online has become more popular due to the deadly Coronavirus (COVID-19) outbreak…. Read More

Hardware Wallet Provider, Ledger, to Accept Digital Currency Payments via Crypto.com’s App

Ledger, a leading cryptocurrency hardware wallet provider, recently revealed that it’s now allowing its customers to make payments for products through Hong Kong-based Crypto.com’s online wallet app. As noted in an announcement published on April 9, 2020, Ledger will be accepting payments made using Bitcoin… Read More

Digital Banking: Standard Chartered-backed Neobank Mox Opens App to Selected Customers in Hong Kong

Standard Chartered, a British multinational banking and financial services company with over $700 billion in total assets, has confirmed that its new Hong Kong-based digital bank Mox is opening its app and platform to a select group of external clients, following its brand name and… Read More

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