AnchorX Indicators MOUs in Kazakhstan to Supercharge Cross-Border Belt and Street Commerce

Hong Kong, China, June 18th, 2024, Chainwire

AnchorX, a Hong-Kong-Primarily based fintech firm and stablecoin skilled, is proud to announce the signing of two Memorandums of Understanding (MOUs) in Kazakhstan. This comes throughout its current participation within the Mainland-Hong Kong Joint Enterprise Mission from Might 16-25, 2024 visiting Hungary, Kazakhstan, and Xinjiang to discover partnership alternatives alongside the Belt and Street (B&R) routes.

AnchorX was invited to hitch the mission to leverage its experience in stablecoin options, thereby advancing technological innovation and the digital economic system alongside B&R companions. AnchorX plans to make the most of its stablecoin choices, together with the HKD-backed AxHKD, to facilitate cross-border commerce and enterprise actions between Hong Kong and B&R associate nations.

The primary MOU is with the Astana Worldwide Monetary Centre Authority (AIFC Authority), the regulatory physique answerable for growing the AIFC because the main monetary hub for Central Asia, the Caucasus, EAEU, and Western China. The second is with Aral Petroleum Capital, one of many main oil and gasoline firms in Japanese Kazakhstan.

Conflux Community supplies AxHKD with its underlying expertise and is presently working with the Chinese language authorities on the “Extremely-Giant Scale Blockchain Infrastructure Platform for the Belt and Street.” The aim of the platform is to create a cutting-edge blockchain basis able to facilitating deployment throughout a number of nations and enabling collaborative supervision throughout varied domains.

About AnchorX

AnchorX is a Hong Kong-based fintech firm, with a imaginative and prescient to be probably the most trusted supplier of digital forex options in Asia. It has strategic backing from top-tier monetary and blockchain firms, together with Hony Capital and Conflux Community. AnchorX’s flagship stablecoin AxHKD maintains a 1:1 HKD peg and is designed to facilitate cross-border transactions and promote the mixing of digital and conventional belongings in Hong Kong.

Customers can be taught extra: https://www.anchorx.org/ or https://twitter.com/AnchorX_Ltd

About Conflux

Conflux Community is a permissionless Layer 1 blockchain that connects decentralized economies throughout borders and protocols. It makes use of a hybrid PoW/PoS consensus mechanism to make sure a speedy, safe, and scalable blockchain surroundings. With Conflux, congestion is eradicated, charges stay low, and community safety is enhanced.

Because the main regulatory-compliant public blockchain in China, Conflux affords a definite benefit for tasks searching for to enter the Asian market. The platform collaborates with famend world manufacturers and authorities entities within the area, driving blockchain and metaverse initiatives. Notable partnerships embody the town of Shanghai, China Telecom (NYSE:), Little Purple Ebook (China’s “Instagram”), McDonald’s (NYSE:) China, and Oreo.

Customers can be taught extra: https://confluxnetwork.org/

ContactMelissa Tireymelissa@shift6studios.com

This text was initially revealed on Chainwire