TechFlow news, June 16 — According to the Hong Kong Wen Wei Po, NASDAQ-listed Ritr Logistics Technology Holdings (NASDAQ: RITR) announced it is actively studying relevant regulatory details and plans to apply for a stablecoin issuance license after Hong Kong's stablecoin regulations take effect. The company intends to launch its own stablecoin "RHKD" and also plans to issue a digital token "RBTC" pegged to Bitcoin as the underlying asset. Customers will be able to exchange Hong Kong dollars or US dollars for "RBTC." The company expects the token to be backed 100% by Bitcoin reserves (enabling 1:1 Bitcoin redemption).
Previous report, NASDAQ-listed Ritr Logistics announced plans to acquire 15,000 Bitcoin, with the total transaction value reaching up to $1.5 billion.
