Standard Chartered's Hong Kong arm (SCBHK), in collaboration with Animoca Brands and telecom firm HKT, announced a joint venture to launch a Hong Kong dollar-backed stablecoin.  According to a Feb. 17 statement, the initiative is pending regulatory approval from the Hong Kong Monetary Authority (HKM...
Institutional investors held 25.4% of the assets under management (AUM) of spot Bitcoin (BTC) exchange-traded funds (ETFs) as of Dec. 31 — totaling $26.8 billion. K33 Research head of research Vetle Lunde shared that the percentage of Bitcoin ETF AUM held by institutions grew 113% between the third ...
HK Asia Holdings made its first Bitcoin (BTC) purchase in what it described as a symbolic but strategic move toward integrating digital assets into its financial strategy. The Hong Kong-listed company acquired 1 BTC on Feb. 13 for $96,150 — approximately HK$750,000 — using internal funds. While the ...

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