Standard Chartered Hong Kong announced that it has completed the proof-of-concept tests for tokenized deposits and tokenized carbon credits with virtual banks Mox, Mastercard, and Libeara through the regulatory sandbox of the Hong Kong Monetary Authority. The tests mainly explore the advantages of using tokenized deposits as a settlement tool for tokenized assets in terms of operational processes and risk management. It is reported that this test is the first test scenario of the Mastercard Multi-Token Network. The Multi-Token Network of Mastercard tokenizes the bank deposit of Mox customers and performs atomic exchanges between the two tokenized assets. This transaction process enables real-time and transparent settlement between Standard Chartered Hong Kong and Mox, allowing customers to store tokenized carbon credits in digital wallets or offset their carbon footprint.

Gate.io reported that Mox, a virtual bank in Hong Kong, expressed its intention to provide virtual asset ETFs to clients through the Mox Invest securities trading platform. The bank is currently preparing for this by submitting relevant applications and plans to launch after obtaining regulatory approval. Various issuers are actively establishing partnerships with securities firms and banks for product distribution. In the initial stage, retail investors will need to purchase through mainstream securities firms, including Interactive Brokers, Morgan Stanley, Futu Securities International, Huatai International, and Guotai Junan International. Currently, discussions on cooperation have been initiated with over 20 securities firms. In addition, all six ETF custodians are trustees of BOC International UK Prudential Trust. The spokesperson stated that since the China Securities Regulatory Commission allowed fund companies to issue cryptocurrency spot ETFs last year, many fund company clients in the market have plans to issue products. We will actively cooperate with the demand and provide relevant custodial services. However, BOC Hong Kong has not listed the product, and HSBC has not provided any updates.

Golden Finance reported that Mox, a virtual bank in Hong Kong, hopes to provide virtual asset ETFs to customers through the Mox Invest securities trading platform. The bank is currently preparing for this, including preparing to submit relevant applications and launching the ETFs after regulatory approval. Various issuers are actively laying out brokerages and bank distribution channels. Initially, retail investors will need to purchase through mainstream brokerages, including Interactive Brokers, Morgan Stanley, Futu Securities International, Huatai International, Guotai Junan International, etc. Currently, discussions are underway with more than 20 brokerage channels for cooperation. In addition, all 6 ETF custodians are entrusted to Bank of China International UK BOC International UK Trust. The spokesperson said frankly that since the China Securities Regulatory Commission allowed fund companies to issue cryptocurrency spot ETFs last year, many fund company clients in the market have planned to issue products. They will actively cooperate with the demand and provide relevant custody services. However, Bank of China Hong Kong has not listed it, and HSBC has no updates.

PANews reported on March 5 that Liu Hanyang, head of investment products at Mox bank, a virtual bank in Hong Kong, said that he plans to launch virtual asset investment services in the second half of this year, which means that Mox bank customers are expected to invest in Bitcoin and Ether in the bank's mobile app in the future. Liu Hanyang said that he intends to cooperate with a licensed virtual asset trading platform in Hong Kong to provide virtual asset investment to bank customers. A partner is currently being selected and the relevant applications will be submitted to the HKMA and the SFC at a later date. In addition, the bank also hopes to provide customers with bitcoin spot ETF investment services in the United States.

Golden Finance reported that eight virtual banks in Hong Kong announced interim results this week, with a total loss of about HK$1.43 billion. Among them, Mox Bank’s loss expanded by 2.2% year-on-year to HK$319 million. Ping An One, which is composed of Ping An Insurance of China and OneConnect, The losses of China Connect Bank and Tianxing Bank in the first half of the year also showed signs of widening. In terms of net interest income, Mox Bank ranked first with HK$177 million in the first half of the year, followed by Zhongan (HK$113 million) and Ping An OneConnect Bank (HK$38.303 million). It is worth mentioning that the net interest income of Livi Bank and Fulong Bank both turned from negative to positive, reaching nearly HK$26.68 million and HK$14.3 million respectively. The net interest income of Ant Bank (Hong Kong) increased significantly year-on-year to HK$29.704 million, an increase of 54 times year-on-year.

Odaily Planet Daily reported that Hong Kong virtual bank Mox Bank stated that it is waiting for the approval of the Hong Kong Securities Regulatory Commission’s No. 4 license, saying that it will launch new fund services within a few weeks of obtaining the relevant license. (Economic Journal) According to previous reports by Odaily, in early July, virtual bank Mox Bank Limited recently announced that it had obtained a Type 1 (securities trading) license from the Hong Kong Securities and Futures Commission. The bank has expanded from deposits and lending businesses to wealth management and investment services.

Golden Finance reported that Standard Chartered Hong Kong CEO Huan Huiyi posted on social platforms that she would step down as chairman of the board of directors of virtual bank Mox. It is reported that Huan Huiyi is the founding chairman of the board of directors of Mox. She mentioned that the position will be handed over at the recent staff meeting. To Samir Subberwal, President of Personal, Private and SME Banking and Global Head of Digital at Standard Chartered Asia. It is reported that Mox has obtained the Type 1 securities trading license issued by the Hong Kong Securities Regulatory Commission and can support opening accounts for Web3 companies.

Golden Finance reported that on September 2, Standard Chartered Hong Kong CEO Huan Huiyi said that Standard Chartered Hong Kong will promote the comprehensive application of financial technology in banking business and cooperate with the Hong Kong Monetary Authority’s “Fintech 2025” strategy to benefit more citizens and the local community. Economic development, currently for three consecutive years, fintech college students have been interned in various departments of Standard Chartered Hong Kong and its virtual bank Mox to expand the local fintech talent pool.

Jinse Finance reported that virtual banks in Hong Kong have generally raised interest rates recently. Huili Bank has increased the 12-month, 9-month and 7-month deposit periods to 4.3%, and the 6-month deposit period is also 4.2%. Mox Bank also recently launched 2 The tenor is 4.2%; Furong has also recently increased the three-month deposit period to 4%; Zhongan's newly opened account (recommended by a friend) has a maximum of 6.6% for a fixed deposit of 50,000 yuan.

According to PANews news on July 12, according to am730, in response to the account freezing problem reported by many Hong Kong virtual bank Mox Bank users, some users analyzed that this matter may be related to the recent Mox Bank system update, and its system is more sensitive to some transactions and customers. Especially accounts for buying and selling cryptocurrencies. Hong Kong virtual bank Mox Bank responded that the freezing of some accounts has nothing to do with system updates. And said: Mox Bank has always attached importance to the safe and secure use of services by all customers and the protection of customer rights. Therefore, according to the existing system, the bank reviews the accounts of individual customers as one of the measures to protect the rights and interests of customers. Mox Bank has notified the affected customers, and the relevant accounts are temporarily suspended. After the inspection is completed, customers will continue to use the accounts. Earlier, according to Hong Kong Economic Daily, many users of the Hong Kong virtual bank Mox Bank reported that their bank accounts were frozen several times in a short period of time. Mox Bank did not explain the reason in depth, but only said it was based on security considerations. In this regard, the Hong Kong Monetary Authority responded that it was aware of the incident and required Mox Bank to make appropriate follow-up to ensure that customer concerns were properly handled.  

According to news from PANews on July 12, in response to a number of Hong Kong virtual bank Mox Bank users reporting account freezing issues, Hong Kong virtual bank Mox Bank responded that the freezing of some encrypted trading accounts has nothing to do with system updates. And said: Mox Bank has always attached importance to the safe and secure use of services by all customers and the protection of customer rights. Therefore, according to the existing system, the bank reviews the accounts of individual customers as one of the measures to protect the rights and interests of customers. Mox Bank has notified the affected customers, and the relevant accounts are temporarily suspended. After the inspection is completed, customers will continue to use the accounts. Earlier, according to the Hong Kong Economic Daily, many users of the Hong Kong virtual bank Mox Bank reported that their bank accounts were frozen several times in a short period of time. Some users analyzed that this may be related to the recent Mox Bank system update. Sensitive, especially accounts that buy and sell cryptocurrencies. Mox Bank did not explain the reason in depth, only saying it was based on security considerations. In this regard, the Hong Kong Monetary Authority responded that it was aware of the incident and required Mox Bank to make appropriate follow-up to ensure that customer concerns were properly handled.

Jinse Finance reported that many users of the virtual bank Mox Bank in Hong Kong reported that their bank accounts were frozen several times in a short period of time. Some users analyzed that this matter may be related to the recent sensitivity of Mox Bank to some customers who buy and sell cryptocurrencies. In response, a Mox Bank spokesperson responded: "We have always attached importance to the safety and security of all customers using our services and protecting customer rights. Therefore, we review individual customer accounts according to the existing system as our measure to protect customer rights. One. We have notified the affected customers that the account is temporarily suspended. After the inspection is completed, the customer will continue to use the account. We sincerely apologize for the inconvenience caused to the affected customers, and thank all customers for their patience and understanding.” It is reported that, Earlier, the Hong Kong Monetary Authority responded that it was aware of the incident and required Mox Bank to make appropriate follow-up to ensure that customer concerns were properly handled. (fx168news)

According to the Hong Kong Economic Daily, many users of the Hong Kong virtual bank Mox Bank reported that their bank accounts were frozen several times in a short period of time. Some users analyzed that this may be related to the recent Mox Bank system update, and its system is more sensitive to some transactions and customers. , especially accounts for buying and selling cryptocurrencies. The Hong Kong Monetary Authority responded that it was aware of the incident and asked Mox Bank to make appropriate follow-up to ensure that customer concerns were properly handled.

According to news on July 11, many users of the Hong Kong virtual bank Mox Bank reported that their bank accounts were frozen several times in a short period of time. Some users analyzed that this may be related to the recent Mox Bank system update, and its system is more sensitive to some transactions and customers. , especially accounts for buying and selling cryptocurrencies. In response, the Hong Kong Monetary Authority stated that it was aware of the incident and required Mox Bank to make appropriate follow-up to ensure that customer concerns were properly handled. (Hong Kong Economic Times)

According to Foresight News, the virtual bank Mox Bank Limited recently announced that it has obtained a Type 1 (securities transaction) license issued by the Hong Kong Securities and Futures Commission (SFC), and the company has expanded from deposit and lending businesses to wealth management and investment Serve. Mox will test the Mox Invest securities trading service through the HKMA Fintech Regulatory Sandbox and gradually roll out the service later this year. The new service will adopt a simple and easy-to-use user interface, allowing users to easily invest in Hong Kong and US securities.

Jinse Finance reported that the virtual bank Mox announced that it has obtained a Type 1 (securities transaction) license issued by the Hong Kong Securities Regulatory Commission, enabling the bank to expand from deposit and lending businesses to wealth management and investment services. Mox will test the Mox Invest securities trading service through the HKMA Fintech Regulatory Sandbox, and gradually roll out the service to customers later this year. It is reported that Mox Bank is currently one of the eight virtual banks registered by the Hong Kong Monetary Authority. (Yahoo Finance)