CoinVoice has recently learned that Airstar Bank Limited has announced that it will cooperate with Jingdong Coinlink, a subsidiary of JD Group, on the Hong Kong Monetary Authority's "Sandbox" for stablecoin issuers. As one of the "Sandbox" participants, Jingdong Coinlink plans to use the "Sandbox" environment to innovate, test and improve, and is committed to using the latest technology to develop blockchain-based cross-border payment solutions to help companies solve the problems and payment experience encountered in cross-border payments.

Relevant information shows that the "Sandbox" for stablecoin issuers was launched by the HKMA on March 12, 2024. Through the "Sandbox", the HKMA can convey regulatory expectations and provide guidance to institutions planning to issue legal currency stablecoins in Hong Kong, while participants can also test the feasibility of the intended business model, communicate directly with the HKMA and understand how to comply with future regulatory requirements.

It is reported that Airstar Bank (full name: Airstar Bank Limited) was issued a banking license by the Hong Kong Monetary Authority in 2019. On June 7, 2024, Futu Holdings (FUTU.US) announced that it had completed an investment of HK$440 million in Gravitation Fintech HK Limited, the parent company of Hong Kong licensed virtual bank Airstar Bank. After this change, Xiaomi Group holds 50.30% of the shares and Futu holds 44.11%. [Original link]