TechFlow news, October 27 — According to Hong Kong Economic Times, Kevin Cheng, a Hong Kong entrepreneur and investor, founder of A2Z, the digital asset brand under Almad Group, has acquired a stake in CBCX, a multi-asset liquidity provider headquartered in London, UK. The two parties will collaborate to promote financial hedging tools and investment trading platforms for participants and investors in the gold industry across gold and foreign exchange markets, jointly expanding into commodities, equities investment, and brokerage businesses.
CBCX is about to launch a Digital Asset Index, offering diversified cryptocurrency investment and hedging products to financial institutions, family offices, and individual investors. The two sides will also jointly explore launching gold-based digital assets and tokenized financial products, achieving deep integration between traditional finance and digital assets, and building a next-generation comprehensive financial ecosystem covering traditional financial products, digital assets, and tokenized financial instruments.
