Vanuatu State-Owned Enterprise South Pacific Digital Technology Establishes Headquarters in Hong Kong, Intends to Apply for Stablecoin Issuer License
Foresight News reports, citing Hong Kong Wen Wei Po, that the Republic of Vanuatu, a South Pacific nation, held a national resource promotion event in Hong Kong. At the same time, South Pacific Digital Technology Holdings, led by the Vanuatu government as the major shareholder, signed memorandums of understanding on site with JiaMi Technology, Yunzhisheng, Tridens Investment, and a certain exchange corporation. Zeng Xiangyun, Executive Director of South Pacific Digital Technology Holdings, stated that the cooperation with the four technology companies aims to develop the Web3 sector, including digital assets, cryptocurrency trading platforms, payment technology, and artificial intelligence. The company is also considering applying for a stablecoin issuer license after Hong Kong’s Stablecoin Regulation comes into effect on August 1, with application scenarios involving payments and trade.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Decentralized RWA infrastructure project Infinite Galaxy Protocol officially launches Genesis Node sale
HyperLiquid co-founder: No external fundraising has been conducted, so there are no investor HYPE token unlocks
Santiment: Stablecoin yields decline, Ethereum may soon return to the $3,200 level
Data: Ethereum staking rate reaches 28.65%, Lido market share at 24.12%
