Join Our Mailing List
Tuesday May 30, 2023
Bitcoin (BTC) $27,677.42   Ethereum (ETH) $1,892.18
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Blockchain Assets

TrustToken launching its first Asia-based stablecoin: TrueHKD

TrustToken will be using Legacy Trust, the first independent custodian provider that TrustToken is working with outside of the US to hold all Hong Kong dollars that collateralize TrueHKD.

Published by CryptoNinjas.net
06/24/2019
true HKD

TrustToken, a digital stablecoin provider, today announced it is launching its first stablecoin pegged to an Asian currency, the Hong Kong dollar. The new stablecoin, TrueHKD, is fully backed by Hong Kong dollars and is launching with the support of Hong Kong-licenced digital asset custody provider Legacy Trust.

TrueHKD is now available for purchase in the TrustToken app and will allow Hong Kong residents, as well as other users who hold Hong Kong dollars, to access TrustToken’s global network of exchanges, partners, and wallets.

“We are thrilled to be working with Legacy Trust to expand into the Asian market,” said Jai An, CEO of TrustToken. “Our goal is to offer traders better solutions to securely move between local fiat currencies and the global blockchain markets and applications. Legacy Trust has built a reputation as one of the world’s most trusted digital asset custodians – we are excited to have them as a partner to take the first major step in expanding our global banking network for our users.”

TrueHKD is the first major expansion for TrustToken into the Asian market after launching TrueUSD, TrueGBP, TrueCAD, and TrueAUD with custody providers based in the US.

“Asia is a significant market for the digital asset industry, and Hong Kong is the financial center of the region, so it makes sense to launch TrueHKD to tap into that market and facilitate international transactions.” Vincent Chok, Founder, and CEO of Legacy Trust said, “Working with TrustToken and their expertise, we hope to make it even easier to do business in Hong Kong and beyond, in a compliant and accountable way.“

This announcement comes on the heels of a recent partnership between TrustToken and Binance to offer easier ways for traders to move between the Binance exchange and their bank accounts. TrustToken plans to build out TrueHKD integrations within its ecosystem of partners over the coming months.

37
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

DeFi protocol TrueFi launches first non-stablecoin portfolio, with loans managed by WOO X

07/12/2022
DeFi protocol TrueFi launches its first non-stablecoin portfolio, with loans managed by WOO X

TrustToken, the stablecoin platform and creator of unsecured lending protocol TrueFi, today announced a new collaboration with WOO X, a zero-fee digital asset trading platform incubated by Kronos Research, a crypto asset quant company,...

Read more

Crypto lending and stablecoin provider TrustToken acquires Web3 dev firm EthWorks

09/22/2021
Crypto lending and stablecoin provider TrustToken acquires Web3 dev firm EthWorks

TrustToken, the creators of TrueFi, an unsecured lending protocol, and maker of popular stablecoins including TrueUSD, recently announced the acquisition of EthWorks, a Web3 development company with a deep portfolio of successful blockchain projects....

Read more

TrustToken integrates with Secret Network to enable private stablecoins

01/14/2021
TrustToken integrates with Secret Network to enable private stablecoins

TrustToken, the team behind the TrueFi uncollateralized lending platform and stablecoin protocol including TrueUSD, a dollar-backed stablecoin with live on-chain audits, today announced a partnership agreement with Secret Network, a public blockchain to provide privacy-preserving...

Read more

TrueUSD to be first USD stablecoin in Avalanche’s DeFi ecosystem

12/16/2020
TrueUSD to be first USD stablecoin in Avalanche’s DeFi ecosystem

Today it was announced that TrueUSD (TUSD), a fully-backed stablecoin attested independently live and on-chain, is launching the first USD stablecoin on the Avalanche blockchain platform in Q1 2021. By launching on Avalanche, TrueUSD...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Token.io launches new spin-out company focused on digital money solutions

Token.io launches new spin-out company focused on digital money solutions

12/10/2019
Crypto trading platform Blackmoon opens up API access

Crypto trading platform Blackmoon opens up API access

12/09/2019
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
The Sandbox teams with Hex Trust to enable licensed and secure custody of its virtual assets

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

05/10/2023
CoinFlip launches new self-custodial cryptocurrency wallet platform 'Olliv'

CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

04/28/2023
Crypto exchange Deribit to launch zero-fee spot trading

Crypto derivatives exchange Deribit to launch zero-fee spot trading

04/20/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy