According to Ming Pao, Foresight News reports that Luhua Securities announced its collaboration with Hong Kong-listed company Qianxun Technology to advance the application for a virtual asset trading license in Hong Kong. They will also explore new business territories in RWA business innovation and the settlement application of Hong Kong stablecoins in second-hand 3C electronic product trade. Additionally, they will introduce Hong Kong stablecoins as a settlement payment tool to optimize payment processes and reduce cross-border payment costs and exchange rate risks.
Luhua Securities plans to apply for a Hong Kong virtual asset trading license and introduce stablecoin payment and settlement business
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