Hong Kong’s largest digital bank pursues stablecoin issuers
ZA Bank will offer stablecoin issuers accounts for cash reserves and is exploring possibly custodying stablecoins and other digital assets in the future.
ZA Bank will offer stablecoin issuers accounts for cash reserves and is exploring possibly custodying stablecoins and other digital assets in the future.
With China's current digital asset regulation, service providers are now looking at Hong Kong to offer their services as the city-state embraces a friendly stance toward the asset class.
ZA Bank CEO Ronald Iu disclosed that the digital bank plans to offer settlement services in the yuan, U.S. dollars, and Hong Kong dollars and is currently working with OSL and Hashkey.