ChainCatcher news, local fintech company AnchorX has officially announced its establishment and will explore the Hong Kong dollar stablecoin AxHKD. AnchorX aims to become the most trusted digital currency issuer in Asia, empowering global transactions and communications reliably and efficiently.The establishment of AnchorX has received strategic support from top enterprises in traditional finance and blockchain technology. China's leading investment management group Hony Capital manages over $16 billion in assets, providing resource support and business synergy for AnchorX. Additionally, Conflux Network provides AnchorX with foundational technology that boasts exceptional scalability, security, high speed, and low cost.AxHKD will utilize globally leading distributed ledger technology, backed by robust cybersecurity support. AxHKD ensures a 1:1 peg to the Hong Kong dollar through high-quality, highly liquid asset reserves. These reserve assets are protected through a separate trust structure and held by financial institutions regulated in Hong Kong. AnchorX's strategic partner OKLink Trust will provide trust custody services.AnchorX plans to promote the application of AxHKD based on two main use cases. First, as a catalyst for global cross-border payments, facilitating cross-border business between Hong Kong and global markets, especially with "Belt and Road" partners where banking infrastructure is underdeveloped. Second, as a reliable on-chain fiat tool, applied in virtual asset trading while paving the way for innovations in Real World Assets in Hong Kong, bridging traditional financial assets and digital assets.