According to Techub News and reported by Ming Pao, Qianxun Technology (01640.HK) announced that it has signed a strategic cooperation agreement with Luhua Securities to collaborate on advancing the application for a virtual asset trading license, aiming to obtain relevant licenses recognized by the Hong Kong Securities and Futures Commission as soon as possible, laying a compliance foundation for conducting virtual asset trading services.
Qianxun Technology stated that the cooperation aims to leverage each other's strengths to explore new business territories in areas related to virtual asset trading license applications, RWA business innovation, and the settlement application of Hong Kong stablecoins in the trade of second-hand 3C electronic products, achieving mutual benefit and collaborative development. After successfully obtaining the virtual asset trading license mentioned above, both parties will jointly develop diversified virtual asset trading products and services to attract investors, gradually expand market share, and enhance industry influence in the field of virtual asset trading. In addition, both parties will deepen the Hong Kong stablecoin settlement payment business, introducing Hong Kong stablecoins as a settlement payment tool for resource machine businesses, optimizing payment processes, and reducing cross-border payment costs and exchange rate risks.
