Tuesday, 27 February 2024

Crypto News

HKbitEX and Shanghai Technology Exchange sign partnership as Pullix presale gains momentum

HKbitEX and Shanghai Technology Exchange sign partnership as Pullix presale gains momentum

  • HKbitEX & Shanghai Tech Exchange partner to propel the Chinese economy through strategic asset tokenization.
  • Pullix’s hybrid exchange model, PLX tokenomics, and unique “Trade-to-Earn” mechanism.
  • The collaboration fosters digital innovation; Pullix reshapes DeFi with innovative features.

In a groundbreaking collaboration marking the 20th anniversary of the Shanghai-Hong Kong cooperation, HKbitEX and the Shanghai Technology Exchange are set to revolutionize the digital economy. Their strategic collaboration focuses on asset tokenization solutions, aiming to alleviate financing challenges for innovative companies.

Meanwhile, an upcoming revolutionary hybrid crypto exchange, Pullix, is making waves with its ongoing presale.

HKbitEX and Shanghai Tech Exchange partnership

On December 28, 2023, the Shanghai Technology Exchange and HKbitEX signed a memorandum of strategic cooperation, propelling the digital transformation and high-quality development of the Chinese economy.

Established over two decades ago, the Shanghai-Hong Kong cooperation mechanism has actively pursued innovation and deeper collaboration. Against the backdrop of the booming digital economy, Shanghai and Hong Kong join forces to amplify their impact on the development of the Chinese economy.

Addressing financing challenges through asset tokenization

The core of this collaboration revolves around asset tokenization, a transformative financial solution for innovative and entrepreneurial companies. The Shanghai Technology Exchange, created by the Ministry of Science and Technology and the Shanghai Municipal People’s Government, teams up with HKbitEX to explore comprehensive financial solutions. Their mission is clear: address the financing obstacles faced by companies, including mismatched financing demands, valuation difficulties, and imperfect investment exit mechanisms.

This partnership seeks to build an open, transparent, and efficient technology trading and financing platform. By leveraging asset tokenization, the two entities aim to provide robust support for innovative and entrepreneurial companies, promoting the coordinated development of key economic regions like the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta.

Pullix bridging centralized and decentralized exchanges

While HKbitEX and the Shanghai Technology Exchange make strides in…

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