Shenzhen Longgang District Data Co., Ltd. and Hong Kong Web3.0 Standardization Association reached a cooperation

2025/08/20 09:54

PANews reported on August 20th that according to the Science and Technology Innovation Board Daily, Shenzhen Longgang District Data Co., Ltd., the only mainland strategic partner of the Hong Kong Web3.0 Standardization Association, has signed a strategic cooperation agreement with the association. The company will participate deeply in the development of the world's first RWA asset registration platform ecosystem, launched in Hong Kong on August 7th. The two parties plan to jointly establish a cross-border data compliance mutual recognition mechanism and create a full-cycle service platform covering asset ownership confirmation, trusted evidence storage, and compliant circulation. Leveraging the "Shenzhen industrial foundation + Hong Kong international hub," the platform will explore a model of "mainland asset digitization, Hong Kong digital financialization, and global circulation compliance" to support domestic and international dual circulation.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

Fed’s Top Banking Regulator Floats Allowing Staff to Hold Crypto

Fed’s Top Banking Regulator Floats Allowing Staff to Hold Crypto

The post Fed’s Top Banking Regulator Floats Allowing Staff to Hold Crypto appeared on BitcoinEthereumNews.com. In brief Fed Vice Chair for Supervision Michelle Bowman said staff should be allowed to hold small amounts of crypto to gain practical understanding. Her remarks emphasized blockchain’s potential to reduce friction in asset transfers and called for legal frameworks to evolve in parallel. Legal experts say her comments mark a regulatory shift, though some warn staff holdings could pose conflict-of-interest risks. Federal Reserve Vice Chair for Supervision, Michelle Bowman, told a crypto conference in Jackson Hole on Tuesday that she favors allowing central bank staff to hold small amounts of crypto, an idea that, if formally proposed, could alter the Fed’s internal rules and spur debate over how the institution engages with digital assets. The approach should consider allowing Federal Reserve staff “to hold de minimus amounts of crypto or other types of digital assets,” Bowman told audiences in prepared remarks at the Wyoming Blockchain Symposium on Tuesday. Bowman framed the conversation as one about tokenization’s role in reducing frictions in asset transfers, highlighting how the technology could streamline ownership changes, cut costs, and expand access to capital markets.  “It is possible that we could see a ‘tipping point’ where the processes themselves are well-established, and legal frameworks have been updated to permit a wider range of activities relying on the new technology,” she explained. A “similar challenge with blockchain technologies” is that adoption depends not only on technical progress but also on legal and regulatory frameworks keeping pace with how the systems are used in practice, Bowman noted. “We stand at a crossroads: we can either seize the opportunity to shape the future or risk being left behind,” Bowman said. Crypto policy and legal observers argue Bowman’s comments amount to more than industry talk, carrying weight beyond the symposium setting. Her remarks “hint at a more open,…
Share
BitcoinEthereumNews2025/08/20 12:21
Share