Qianxun Technology and Luhua Securities applied for a virtual asset trading license and will introduce stablecoin Settlement payment services.

According to Techub News, Ming Pao reports that Qianxun Technology (01640.HK) has announced that it has signed a strategic cooperation protocol with Lu Hua Securities to jointly promote the application for a virtual asset trading license, aiming to obtain the relevant license recognized by the Hong Kong Securities and Futures Commission as soon as possible, laying the compliance foundation for the provision of virtual asset trading services.

Qianxun Technology stated that the cooperation between both parties aims to leverage their respective advantages to explore new business territories in areas such as virtual asset trading license applications, RWA business innovation, and the settlement application of Hong Kong stablecoins in the trade of second-hand 3C electronic products, achieving mutual benefits and collaborative development. After successfully obtaining the aforementioned virtual asset trading license, both parties will jointly develop diversified virtual asset trading products and services to attract investor participation, gradually expand market share, and enhance industry influence in the virtual asset trading field. In addition, both parties will deepen the settlement payment business of Hong Kong stablecoins, introducing Hong Kong stablecoins as settlement payment tools for resource machine businesses, optimizing payment processes, and reducing cross-border payment costs and exchange rate risks.