WeBank's wholly-owned subsidiary, WeBank Technology, held a unveiling ceremony in Hong Kong with a registered capital of $150 million. It is reported that WeBank Technology will provide support for the innovative development of Hong Kong's tokenized market based on its accumulation of blockchain technology and industry application practice, and help Hong Kong build innovative financial market infrastructure. Previously, WeBank Technology had joined the architecture working group of the wholesale level central bank digital currency (wCBDC) project Ensemble initiated by the Hong Kong Monetary Authority.
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WeBank Technology unveils its Hong Kong sign to support Hong Kong’s tokenization market
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