Posts From Fintech News Hong Kong
Mox Bank Revises Savings Base Rate for HKD and USD Deposits
Mox Bank announces an update to its savings base rate, now offering a rate of 1.5 percent per annum for Hong Kong Dollar (HKD) deposits. This updated rate, which is 170 percent of the typical savings base rates of most
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Digital Custodian Hex Trust Broadens Scope with XRPL Integration
Hex Trust, an institutional-grade digital asset custodian, has announced its integration with the XRP Ledger (XRPL), a decentralised Layer 1 blockchain. According to the company, this development allows its principal custody platform, Hex Safe, to incorporate support for XRPL’s native
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Hang Seng Bank Investigates Significance of Programmability in e-HKD CBDC Adoption
Programmability is a crucial feature for future payment innovation, an attribute which should be integrated into the e-HKD scheme should the central bank digital currency (CBDC) be issued, a new report by Hang Seng Bank and global management consulting firm
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iFAST Introduces TreasuryNow to Broaden Access to US Treasuries in Hong Kong
Fintech solutions provider iFAST Corporation has introduced TreasuryNow, a service aimed at improving the US Treasuries trading experience for investors in Hong Kong. Building on the success of their 2016 platform Bond Express, this platform is said to provide investors
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Blockchain Platform Neo Establishes Hong Kong Office
Neo, the open-source, community-driven blockchain platform, has officially opened its new Hong Kong office. The office is in Cyberport, Hong Kong’s digital tech and Web3 hub. By establishing a presence in Hong Kong, Neo aims to expand its reach in
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Floki Defends Staking Program Amid SFC’s Warning
Floki, a cryptocurrency project, acknowledged that its staking program was labelled as potentially suspicious by Hong Kong’s Securities and Futures Commission (SFC) on 26 January. Floki regretted this classification and noted its ongoing efforts since December 2023 to address regulatory
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Hong Kong to Engage Industry Players in Stablecoin Regulation Study
Hong Kong is reportedly making significant strides towards comprehensive stablecoin regulation, with plans to implement rules within the current quarter. Bloomberg and other sources suggest that key financial entities, including Harvest Global Investments Ltd., RD Technologies, and Venture Smart Financial
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Floki Staking and TokenFi Staking Added to SFC’s Alert List Over Risk Concerns
The Securities and Futures Commission (SFC) issued a public warning about two cryptocurrency investment schemes, named “Floki Staking Program” and “TokenFi Staking Program.” These programs claim to offer annualised returns ranging from 30 percent to over 100 percent. The SFC
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Tiger Brokers (HK) Integrates Crypto Trading, Eyeing Retail Market Expansion
Tiger Brokers (HK) Global Limited announced the upgrade of its Type 1 licence to include virtual asset dealing services. This development reportedly positions Tiger Brokers (HK) amongst the first mainstream online brokerages in Hong Kong to integrate such services. The
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Cyberport Taps Dr Rocky Cheng as CEO, Eyes Tech Growth in Hong Kong
Hong Kong Cyberport has appointed Dr Rocky Cheng as the new Chief Executive Officer, effective 3 April 2024. Dr Rocky will take the helm following the completion of Peter Yan’s six-year term. With over 30 years of experience in the
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