TechFlow news, on November 2, at the strategic cooperation signing ceremony of "Kun KUN & Hashkey Exchange," Dr. Feng Xiao, founder of Hashkey Group, said in his speech that Hashkey Group will cooperate with Yuanbi Technology to issue a stablecoin in Hong Kong.
In addition, ZA Bank stated that it plans to provide commercial banking services for Yuanbi Technology.
According to TechFlow, Yuanbi Technology was founded by former HKMA chief executive David Chan and has obtained a Stored Value Facilities (SVF) license from the HKMA. Its five major shareholders include ZhongAn Digital Asset Group, a subsidiary of ZhongAn Online (06060), and HashKey Holdings Limited. Focusing on the B2B market, Yuanbi Technology aims to help trading companies solve cross-border payment challenges and manage foreign exchange risks.
