Luk Fook Securities Plans to Apply for Hong Kong Virtual Asset Trading License and Introduce Stablecoin Payment and Settlement Services

According to Jinse Finance, Luhua Securities has announced a partnership with Hong Kong-listed company Qianxun Technology to jointly advance the application for a Hong Kong virtual asset trading license. The collaboration will also explore new business opportunities in RWA (Real World Asset) business innovation and the use of Hong Kong stablecoins for settlement in the trade of second-hand 3C electronic products. Additionally, Hong Kong stablecoins will be introduced as a settlement and payment tool to optimize payment processes, reduce cross-border payment costs, and mitigate exchange rate risks.