🚀 HKEX launches Synapse platform to speed up stock settlements using DAML smart contracts. Basic moments:
- Synapse will be deployed on Stock Connect, HKEX's channel for international investors to access over 1,000 Chinese stocks via Hong Kong
- Stock Connect's average daily turnover increased by 5% in the first half of 2023, and by 50% since 2020
- HKEX will be linked to DTCC through an ITP service, allowing for centralized transaction matching and improved trade confirmation workflow
- Hong Kong is becoming a hub for Web3 companies, but recently there was the largest scam in history with JPEX for $166 million. The investigation is ongoing.
- Synapse will be deployed on Stock Connect, HKEX's channel for international investors to access over 1,000 Chinese stocks via Hong Kong
- Stock Connect's average daily turnover increased by 5% in the first half of 2023, and by 50% since 2020
- HKEX will be linked to DTCC through an ITP service, allowing for centralized transaction matching and improved trade confirmation workflow
- Hong Kong is becoming a hub for Web3 companies, but recently there was the largest scam in history with JPEX for $166 million. The investigation is ongoing.