Hong Kong Launches 24/7 Tokenized Settlement and Plans Stablecoin Trials
(3 hours ago) · 1 source · Summarized by CryptoBipto
Hong Kong has moved to enable round-the-clock tokenized settlement for financial transactions and announced plans to conduct stablecoin trials. The initiative is part of the city's broader effort to modernize its financial infrastructure using blockchain-based technology.
WHY IT MATTERS
Traditional financial markets operate on set schedules — stock exchanges close at night and on weekends, and settling a trade (actually transferring ownership and money) can take one or two business days.
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SOURCES
- cointelegraph.com
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