PANews reported on February 20 that according to the announcement of the Hong Kong Stock Exchange, Mark Digital Technology, a Hong Kong-listed company, announced that it had signed a memorandum of understanding with Huatong Securities. The two parties have applied to establish a joint venture, MW Technology Development Limited, to jointly develop a digital currency financial securities trading counter. With the launch of a compliant Hong Kong dollar stablecoin, the counter trading system will present an interactive experience of the future Web3, using artificial intelligence to assist in ordering, trading and settlement.

It is reported that Huatong Securities has previously obtained a VA upgrade license, which means that it can legally and compliantly provide virtual asset-related trading services in Hong Kong under certain conditions.