ChainCatcher news, Airstar Bank Limited announced a collaboration with JINGDONG Coinlink, a subsidiary of JD Group, on the Hong Kong Monetary Authority's stablecoin issuer "sandbox." As one of the participants in the "sandbox," JINGDONG Coinlink plans to utilize the "sandbox" environment for innovation, testing, and improvement, dedicated to developing blockchain-based cross-border payment solutions using the latest technology to help businesses address challenges and enhance payment experiences in cross-border transactions.Relevant information indicates that the stablecoin issuer "sandbox" was launched by the Monetary Authority on March 12, 2024. Through the "sandbox," the Monetary Authority can communicate regulatory expectations and provide guidance to institutions planning to issue fiat stablecoins in Hong Kong, while participants can test the feasibility of their expected business models and directly communicate with the Monetary Authority to understand how to comply with future regulatory requirements.It is reported that Airstar Bank (full name: Airstar Bank Limited) was granted a banking license by the Hong Kong Monetary Authority in 2019. On June 7, 2024, Futu Holdings (FUTU.US) announced that it had completed an investment of HKD 440 million in Gravitation Fintech HK Limited, the parent company of the licensed virtual bank Airstar Bank in Hong Kong. After this change, Xiaomi Group holds 50.30% and Futu holds 44.11%.

ChainCatcher news, according to Dongfang Caifu Net, Futu Holdings announced the completion of a HKD 440 million investment in the parent company of the licensed virtual bank, Tianxing Bank. After the transaction, Futu indirectly holds 44.11% of Tianxing Bank's shares, becoming the second-largest shareholder. The largest shareholder of Tianxing Bank is Xiaomi, while Tencent is among Futu's shareholders.It is reported that Futu's investment is mainly to support the business development of Tianxing Bank, promote business diversification, and facilitate the development of the industry ecosystem, helping to sustain innovation and popularization of financial technology in Hong Kong, and deepen inclusive finance.Tianxing Bank was jointly established by Xiaomi Group and Asian brokerage firm Sun Hung Kai Financial. It was granted a banking license by the Hong Kong Monetary Authority on May 9, 2019, and officially commenced trial operations on March 31, 2020, becoming the second officially operating virtual bank in Hong Kong. The bank's main business is to engage in banking and related financial services in Hong Kong in the form of a virtual bank.