AnchorX Signs MOUs in Kazakhstan to Supercharge Cross-Border Belt and Road Trade By Chainwire

Hong Kong, China, June 18th, 2024, Chainwire

AnchorX, a Hong-Kong-Based fintech company and stablecoin expert, is proud to announce the signing of two Memorandums of Understanding (MOUs) in Kazakhstan. This comes during its recent participation in the Mainland-Hong Kong Joint Business Mission from May 16-25, 2024 visiting Hungary, Kazakhstan, and Xinjiang to explore partnership opportunities along the Belt and Road (B&R) routes.

AnchorX was invited to join the mission to leverage its expertise in stablecoin solutions, thereby advancing technological innovation and the digital economy alongside B&R partners. AnchorX plans to utilize its stablecoin offerings, including the HKD-backed AxHKD, to facilitate cross-border trade and business activities between Hong Kong and B&R partner countries.

The first MOU is with the Astana International Financial Centre Authority (AIFC Authority), the regulatory body responsible for developing the AIFC as the leading financial hub for Central Asia, the Caucasus, EAEU, and Western China. The second is with Aral Petroleum Capital, one of the leading oil and gas companies in Eastern Kazakhstan.

Conflux Network provides AxHKD with its underlying technology and is currently working with the Chinese government on the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road.” The goal of the platform is to create a cutting-edge blockchain foundation capable of facilitating deployment across multiple countries and enabling collaborative supervision across various domains.

About AnchorX

AnchorX is a Hong Kong-based fintech company, with a vision to be the most trusted provider of digital currency solutions in Asia. It has strategic backing from top-tier financial and blockchain companies, including Hony Capital and Conflux Network. AnchorX’s flagship stablecoin AxHKD maintains a 1:1 HKD peg and is designed to facilitate cross-border transactions and promote the integration of digital and traditional assets in Hong Kong.

Users can learn more: https://www.anchorx.org/ or https://twitter.com/AnchorX_Ltd

About Conflux

Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies across borders and protocols. It utilizes a hybrid PoW/PoS consensus mechanism to ensure a rapid, secure, and scalable blockchain environment. With Conflux, congestion is eliminated, fees remain low, and network security is enhanced.

As the leading regulatory-compliant public blockchain in China, Conflux offers a distinct advantage for projects seeking to enter the Asian market. The platform collaborates with renowned global brands and government entities in the region, driving blockchain and metaverse initiatives. Notable partnerships include the city of Shanghai, China Telecom (NYSE:), Little Red Book (China’s „Instagram”), McDonald’s (NYSE:) China, and Oreo.

Users can learn more: https://confluxnetwork.org/

ContactMelissa Tireymelissa@shift6studios.com

This article was originally published on Chainwire