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Topic: Hong Kong Exchange Prepares for Blockchain Trading Platform (Read 116 times)

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https://www.ccn.com/hong-kong-exchange-prepares-for-blockchain-trading-platform/
Hong Kong Exchange and Clearing Limited (HKEX) has joined forces with Digital Asset to develop a blockchain platform for post-trade allocation and processing of trades.

This alliance was created under the Stock Connect programme with China, based on a FinExtra report. HKEX had been working on a prototype system for Stock Connect using Digital Asset’s platform and smart contract modeling, as it attempts to speed up the post-trade process and reduce settlement risks among traders.

Also, Hong Kong-based blockchain startup developed OneConnect, a blockchain based international trade finance platform for businesses to “access real-time, secured and comprehensive trade information to conduct their risk assessment on loans, boosting efficiency and potentially reducing costs.

How do you think would this affect cryptocurrency in Hong Kong?
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