🚀 HKEX launches Synapse platform to accelerate stock settlement using smart contracts. Cryptocurrency boom in Hong Kong! 🌐
- HKEX, operator of the Hong Kong Stock Exchange, announced the creation of Synapse, a platform that uses smart contracts in DAML language to optimize post-trade flows and improve operational efficiencies.
- Synapse will be implemented on Stock Connect, HKEX's channel that allows international investors to access more than 1,000 Chinese stocks through Hong Kong.
- HKEX will link with DTCC through its ITP service, enabling central reconciliation of cross-border transactions and improving trade confirmation flow.
Hong Kong is rapidly transforming into a hub for Web3 companies, but also faces challenges such as the largest Ponzi scheme in its history, with $166 million in user funds swindled by the JPEX exchange. What do you think of this advance in blockchain adoption? Comment below! 👇
- HKEX, operator of the Hong Kong Stock Exchange, announced the creation of Synapse, a platform that uses smart contracts in DAML language to optimize post-trade flows and improve operational efficiencies.
- Synapse will be implemented on Stock Connect, HKEX's channel that allows international investors to access more than 1,000 Chinese stocks through Hong Kong.
- HKEX will link with DTCC through its ITP service, enabling central reconciliation of cross-border transactions and improving trade confirmation flow.
Hong Kong is rapidly transforming into a hub for Web3 companies, but also faces challenges such as the largest Ponzi scheme in its history, with $166 million in user funds swindled by the JPEX exchange. What do you think of this advance in blockchain adoption? Comment below! 👇