Hong Kong Stock Exchange announced the launch of its security token platform
At the first stage of the launch, the users will be able to trade tokenized shares of companies that comply with the ESG principles
30.03.2022 - 10:00
243
1 min
0
What’s new? The Hong Kong Stock Exchange plans to launch a security token trading platform. The service, called Diamond, will appear as early as this year, RTHK reports.
What is known about the new platform? At the first stage, the Diamond users will be able to trade tokenized assets of various companies. Priority will be given to ESG products.
ESG (Environmental, Social and Corporate Governance) are the principles of the company’s activities aimed at solving environmental protection problems, creating favorable social conditions, and fair relations with employees and customers.
The Diamond platform will work on the basis of blockchain technology using smart contracts. According to the representative of the Hong Kong Stock Exchange, Xu Yiming, the tokenized asset market represents a promising niche. By 2030, its total volume may reach $60-100 trillion.
Useful material?
Market
Earlier, the community criticized the project for its lack of transparency, which led to a sharp drop in the HYPE token price
Jan 8, 2025
Market
Rising US Treasury bond yields are negatively affecting risk assets
Jan 8, 2025
Mining
The Avalon Mini 3 is available for pre-order at $899
Jan 8, 2025
Market
The exchange obtained the documents as part of the Freedom of Information Act proceeding
Jan 6, 2025
Market
According to the preliminary plan, the free coin giveaway will take place in January 2025
Dec 27, 2024
Market
The fund’s issuer will be Donald Trump associate Vivek Ramaswamy’s Strive company
Dec 27, 2024