AnchorX Signs MOUs in Kazakhstan to Bolster Cross-Border Trade
Hong Kong-Based Fintech Leader Partners with Key Entities Along Belt and Road Routes
AnchorX, a renowned fintech company and stablecoin specialist based in Hong Kong, proudly announces the signing of two significant Memorandums of Understanding (MOUs) in Kazakhstan. This development coincides with AnchorX's participation in the Mainland-Hong Kong Joint Business Mission from May 16-25, 2024, which toured Hungary, Kazakhstan, and Xinjiang to explore partnership opportunities along the Belt and Road (B&R) routes.
Strategic MOUs to Enhance Financial Integration
AnchorX's inclusion in the mission underscores its expertise in stablecoin solutions, aimed at fostering technological innovation and advancing the digital economy alongside B&R partners. The fintech company plans to deploy its stablecoin offerings, particularly the HKD-backed AxHKD, to facilitate seamless cross-border trade and business operations between Hong Kong and B&R partner countries.
Key Partnerships
Astana International Financial Centre Authority (AIFC Authority): The regulatory body committed to developing AIFC as the premier financial hub for Central Asia, the Caucasus, EAEU, and Western China.
Aral Petroleum Capital: A leading oil and gas company in Eastern Kazakhstan.
Underpinning Technology and Future Goals
AnchorX’s AxHKD stablecoin is supported by the Conflux Network's cutting-edge technology. Conflux Network is currently collaborating with the Chinese government on the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road,” aiming to establish a state-of-the-art blockchain foundation that promotes cross-border deployment and collaborative supervision across multiple domains.
About AnchorX
AnchorX is a pioneering fintech firm from Hong Kong with the ambition to become Asia’s most trusted provider of digital currency solutions. Supported by premier financial and blockchain companies such as Hony Capital and Conflux Network, AnchorX's flagship product, AxHKD, maintains a 1:1 HKD peg and is designed to enhance cross-border transactions, merging digital and traditional assets in Hong Kong.
