The Hong Kong Gold Exchange announced the development of a digital commodity blockchain

According to the Hong Kong Wen Wei Po, the Hong Kong Gold Exchange held the opening ceremony for the Year of the Horse yesterday on the fourth day of the Lunar New Year. In his speech, the chairman of the Hong Kong Gold Exchange, Zhang Dexi, stated that the exchange has officially partnered with a member company of Alibaba Group to develop a digital commodity blockchain, as well as an international precious metals trading platform and clearing settlement system. This initiative aims to unify risk control and regulatory systems for Hong Kong's spot, futures, digital gold, BtoC trading, actuarial center, and over-the-counter (OTC) transactions, with an expected completion within six months, and hopes to connect with the "Hong Kong Gold Central Clearing System" established by the SAR government.