PANews reported on July 7 that Hong Kong-listed company Jinyong Investment Limited (01328) announced the signing of a strategic cooperation framework memorandum with digital currency solution provider AnchorX. The two parties will explore cooperation in areas such as cross-border payments, stablecoin applications, digital asset trading, and blockchain technology investment. AnchorX issues a stablecoin linked to offshore RMB, AxCNH, aimed at reducing international payment costs and promoting the internationalization of the RMB.
Jinyong Investment stated that this cooperation will help it expand the potential of the cryptocurrency market and enhance the integration capabilities between traditional finance and Web3. Currently, the two parties have not signed a legally binding formal agreement, and relevant progress will be announced separately.