According to Ming Pao, Lu Wah Securities has announced a collaboration with Hong Kong-listed Qianxun Technology to advance the application for a virtual asset trading license in Hong Kong. They will also explore new business areas in RWA business innovation and the settlement application of Hong Kong stablecoins in the trade of second-hand 3C electronic products. Additionally, they plan to introduce Hong Kong stablecoins as a settlement payment tool to optimize payment processes and reduce cross-border payment costs and exchange rate risks. [Foresight News]

Luhua Securities Plans to Apply for Hong Kong Virtual Asset Trading License and Introduce Stablecoin Payment and Settlement Business