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Demand for crypto in Hong Kong is mainly driven by institutional investors rather than retail customers, Zodia CEO said. Zodia, the institutional cryptocurrency custody platform co-owned by British banking giant Standard Chartered, Japanese SBI Holdings and the financial firm Northern Trust, is expanding its services to Hong Kong. Zodia Custody is launching services in Hong Kong in response to growing demand for crypto from institutions, Zodia CEO Julian Sawyer said, according to a CNBC report on Oct. 29. According to Sawyer, the crypto demand in Hong Kong is mainly driven by institutional investors rather than retail customers, ideally matching Zodia’s crypto custody offering. He also mentioned that Hong Kong’s stance on crypto aligns with Zodia’s ambitions as the local government “sees digital assets as the future and also wants Hong Kong to be a hub.” Zodia’s launch in Hong Kong comes as the firm aggressively scales operations in Asia, opening services in Japan, Singapore and Austr...

The Hong Kong Exchanges and Clearing Limited (HKEX) plans to release Synapse, its acceleration platform , that will be powered by DAML smart contracts as from Oct. 9. Available on Stock Connect  The press release on Oct. 4 revealed that Synapse will be available on Stock Connect, an HKEX channel that enables investors to access 1,000 Mainland Chinese stocks through routing in Hong Kong. HKEX Synapse is set to establish a crucial linkage with The Depository Trust & Clearing Corporation through its ITP service. This integration can benefit global investors and HKEX participants, powering central matching of cross-border transactions through DTCC’s CTM service.  You might also like: Hong Kong cracks down on crypto crime As a result, settlement instructions will be automatically generated and transmitted to the Synapse platform . This will simplify trade confirmation and settlement notification process. Hong Kong aims to be a web3 hub In late September, t...

The partnership hopes to bring the Metaverse directly into the living rooms of viewers. South Korean tech giant LG Electronics announced that it has teamed up with Oorbit, a cloud-based technology platform and PIXELYNX, a company building an integrated music, gaming, and Web3 ecosystem, to bring the metaverse directly into the living rooms of viewers. Announced just in time for #CES2023, we’re excited to announce that we have partnered with @LGElectronics to bring interoperable gaming and social experiences directly to your LG Smart TVs. READ: https://t.co/nppJZe650B — Oorbit (@OorbitOnline) January 4, 2023 The collaboration is set to allow viewers to be able to explore interconnected virtual worlds, concerts, and AI multiplayer games through their LG TVs, making it easier for consumers to interact in the Metaverse.  According to the Jan 4. press release sent to Cointelegraph, users will be able to access “super high fidelity interconnected virtual worlds” and experiences incl...