According to Techub News, according to Wen Wei Po, JD CoinChain Technology (Hong Kong), a Hong Kong stablecoin issuer, said that it will strictly abide by the sandbox requirements, steadily, efficiently and safely promote testing, and provide better payment solutions for global companies and individuals. As for Standard Chartered Hong Kong, Anmi Group and Hong Kong Telecom, which have joined the sandbox together, they will entrust Zodia Custody, a subsidiary of Standard Chartered, to provide institutional digital asset custody services.

Ma Fei, Head of Digital Assets and Fintech at Standard Chartered Hong Kong, said the bank is committed to leading the vigorous development of Hong Kong’s digital asset market and promoting local fintech innovation. He firmly believes that regulated financial institutions play a key role in the development of these markets. Leung Hoi-yee, CEO of HKT’s Digital Investment Business, said that she was very pleased to explore the potential of stablecoins to innovate payment systems, and believed that efficient and seamless payment solutions could open up new paths for Hong Kong’s digital transformation and Web3 development.