Odaily Planet Daily reports that the Hong Kong Gold Exchange held a New Year opening ceremony for the Bingwu Year yesterday. During his speech, Chairman Zhang Dexi stated that the Hong Kong Gold Exchange has officially partnered with a subsidiary of Alibaba Group to develop a digital commodities blockchain, as well as an international precious metals trading platform and clearing and settlement system. These systems will unify risk control and regulation for Hong Kong’s spot, futures, digital gold, B2C transactions, actuarial centers, and over-the-counter (OTC) trading. The construction is expected to be completed within six months, and there is hope to connect with the “Hong Kong Gold Central Clearing System” established by the SAR government. (Hong Kong Wen Wei Po)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Stablecoin issuer StraitsX’s XSGD and XUSD launch on the Solana network
Gate News update: On March 31, stablecoin issuer StraitsX announced that its Singapore dollar stablecoin XSGD and its U.S. dollar stablecoin XUSD have officially gone live on the Solana network. These two stablecoins will be used for on-chain foreign exchange trading and high-performance settlement.
GateNews18m ago
Tezos Expands Its RWA Footprint as Metals.io Goes Live With Tokenized Commodities
Metals.io has launched on Tezos, offering tokenized uranium, gold, and strategic metals, expanding the ecosystem's reach into real-world asset trading. This platform enhances access to diverse commodities and aims to streamline ownership in fragmented markets.
CryptoNewsFlash32m ago
Starknet will roll out STRK20s at the end of April, introducing privacy features for the token
Gate News message, March 31, Starknet is expected to roll out STRK20s in late April, aiming to introduce privacy protection features for all tokens. The official statement says that it is currently working closely with various DeFi protocols and partners to ensure DeFi integration and a seamless user experience from day one after launch.
GateNews39m ago
JustLend DAO TVL reaches $6.55 billion, total deposits of $3.53 billion
Gate News reports that on March 31, the latest weekly report from TRON's decentralized lending protocol JustLend DAO shows that the platform’s total value locked (TVL) reached $6.55 billion, and total deposits amounted to $3.53 billion. JustLend DAO is a core DeFi infrastructure within the TRON ecosystem, providing on-chain lending services to users worldwide.
GateNews49m ago
Productive Stablecoins: Closing the $300B Efficiency Gap
This essay discusses the inefficiencies of stablecoins, highlighting that 90% are unproductive and act as a hidden tax. It identifies a significant opportunity within DAO treasuries and DEX liquidity, as well as emerging solutions like HyENA and Solomon that aim to enhance yields for users.
CoinDesk54m ago
Pudgy Penguins: Challenging the Pokemon and Disney Legacy in the Global IP Race
Pudgy Penguins disrupts the $31.7B licensed toy market by using a "Negative CAC" model, achieving over 2M unit sales in 10,000 retail locations. It has gained cultural significance through partnerships and aims for $120M revenue in 2026 ahead of a possible IPO.
CoinDesk1h ago
