Conflux, a public blockchain project, has officially opened its Hong Kong office as part of its global expansion strategy. The office launch was celebrated with an opening ceremony at the Hong Kong Cyberport, attended by various dignitaries and industry leaders. The Hong Kong office will serve as a pivotal hub in Conflux's internationalization strategy, delivering services to global users and partners. The company plans to establish offices in Dubai, Europe, and other regions in the future. Conflux's public blockchain, known for its regulatory compliance and high-performance features, has achieved significant milestones, including 3000+ transactions per second, 5000+ nodes, and stable operation for nearly three years. The Hong Kong office will actively engage in digital economy compliance business and support the development of a blockchain-based cross-border trade settlement system. Conflux also introduced the Blockchain SIM card (BSIM card), jointly developed with China Telecom, which offers enhanced security and seamless integration for Web 3.0 users. The BSIM card has applications in digital asset management, digital identity, and IoT terminals. Conflux aims to foster a vibrant and diverse ecosystem by collaborating with partners from various industries. The company's core team consists of top computer scientists from prestigious institutions and has received recognition for its innovative blockchain technologies. Conflux's global performance has challenged the monopoly of Western countries in the blockchain field. [f236047b]
Conflux Network has announced its role in beta-testing the Hong Kong Dollar (HKD)-backed stablecoin, AxHKD. The stablecoin, built by fintech company AnchorX, will be launched on Conflux Network initially, followed by Ethereum. AxHKD ensures a 1:1 peg to the HKD and is backed by high-quality liquid asset reserves held by regulated financial institutions in Hong Kong. The stablecoin aims to enhance cross-border transactions and serve as a fiat-on-chain instrument for virtual asset trading. The project is backed by industry leaders and aligns with Hong Kong's proposed stablecoin regulation. Conflux Network is a permissionless Layer 1 blockchain that offers a rapid, secure, and scalable environment. AnchorX is a Hong Kong-based fintech company aiming to be a trusted provider of digital solutions in Asia. [cf0412f5]
Hong Kong-based fintech company AnchorX has signed two Memorandums of Understanding (MOUs) in Kazakhstan during its participation in the Mainland-Hong Kong Joint Business Mission. The MOUs are with the Astana International Financial Centre Authority (AIFC Authority) and Aral Petroleum Capital. AnchorX plans to use its stablecoin offerings, including the HKD-backed AxHKD, to facilitate cross-border trade and business activities between Hong Kong and Belt and Road partner countries. AnchorX's stablecoin technology is being used in the Chinese government's Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road. AnchorX is backed by Hony Capital and Conflux Network. Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies across borders and protocols. [f66b8217]