Circle Executives: The Hong Kong government intends to develop tokenization in the capital markets, and the company's technology is sufficient to provide related services for the financial industry.

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Nov 4, 2024

Chen Qinqi, Vice President of Circle Asia-Pacific, stated that the stablecoin system in Hong Kong is also being developed in accordance with international standards, and Circle provided input during the consultation period with the Monetary Authority. Chen revealed that the Hong Kong government intends to develop tokenization in the capital markets, and the company's technology is sufficient to provide related services for the financial industry. Circle's primary goal is to promote networked currency, which can be applied in exchanges, P2P, or electronic wallets, helping small and medium-sized enterprises reduce capital costs.