Chainwire, Hong Kong, China, June 18, 2024
AnchorX, a Hong Kong-based fintech company and stablecoin expert, is proud to announce the signing of two Memorandums of Understanding (MOUs) in Kazakhstan. This comes while participating in the recent Mainland-Hong Kong joint business mission from May 16 to 25, 2024, which visited Hungary, Kazakhstan and Xinjiang to explore partnership opportunities along the Belt and Road (B&R) route.
AnchorX was invited to join its mission to advance technological innovation and the digital economy together with B&R partners by leveraging its expertise in stablecoin solutions. AnchorX plans to leverage its stablecoin products, including HKD-backed AxHKD, to facilitate cross-border trade and business activities between Hong Kong and B&R partner countries.
The first MOU was signed with the Astana International Financial Center Authority (AIFC Authority), the regulator responsible for developing AIFC into a leading financial hub in Central Asia, Caucasus, EAEU and Western China. The second is Aral Petroleum Capital, one of the major oil and gas companies in Eastern Kazakhstan.
Conflux Network provides the underlying technology to AxHKD and is currently working with the Chinese government on a “mega-scale blockchain infrastructure platform for the Belt and Road.” The goal of the platform is to create a state-of-the-art blockchain foundation that can facilitate deployment across multiple countries and enable joint oversight across various domains.
About AnchorX
AnchorX is a Hong Kong-based fintech company with a vision to become Asia's most trusted digital currency solutions provider. We have strategic support from leading finance and blockchain companies, including Hony Capital and Conflux Network. AnchorX's flagship stablecoin, AxHKD, maintains a 1:1 HKD peg and is designed to facilitate cross-border transactions and facilitate the integration of digital and traditional assets in Hong Kong.
Users can learn more at https://www.anchorx.org/. or https://twitter.com/AnchorX_Ltd
Introduction to Conflux
Conflux Network is a permissionless layer 1 blockchain that connects decentralized economies across borders and protocols. Utilizes a hybrid PoW/PoS consensus mechanism to ensure a fast, secure, and scalable blockchain environment. Using Conflux eliminates congestion, keeps fees low, and improves network security.
As China's leading regulatory compliant public blockchain, Conflux offers distinct advantages to projects seeking to enter the Asian market. The platform partners with renowned global brands and government agencies in the region to drive blockchain and metaverse initiatives. Notable partnerships include the city of Shanghai, China Telecom, Little Red Book (China's “Instagram”), McDonald's China, and Oreo.
Users can learn more at https://confluxnetwork.org/.
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