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

Luhua Securities has announced a collaboration with Hong Kong-listed Qianxun Technology to advance the application for a Hong Kong virtual asset trading license. They will also explore new business areas in RWA business innovation and the settlement application of Hong Kong stablecoins in the trade of used 3C electronic products. Additionally, they will introduce Hong Kong stablecoins as a settlement payment tool to optimize payment processes and reduce cross-border payment costs and exchange rate risks. [Odaily Planet Daily]