Blockchain in OTC Trading, Trade Finance and meetup at Hong Kong

Blockchain in OTC Trading, Trade Finance and meetup at Hong Kong

Octagon Strategy, a Hong Kong based commodities and digital assets trading house announced on March 30, 2017 that it has formally commenced trading Ethereum digital assets on its OTC trading desk. For the first time, Ethereum will be easily and simply available in Hong Kong for trading over the counter (OTC). Ethereum is considered a rising star in digital world. It's demand is increasing everyday with its popularity.

Octagon Strategy Limited is a privately-owned company which specializes in commodity and digital asset trading across international markets. It has customers across more than 20 countries with the majority based in the US, Asia and in Europe. With over 25 years of experience in financial industry, Octagon is one of Asia's oldest and most established digital assets and commodity trading desks, which also focuses on digital assets like bitcoin, Dash, and now Ethereum.

Source : PR Newswire

Hong Kong Monetary Authority (HKMA) and a consortium of banks in association with Deloitte develops Blockchain PoC for Trade Finance

Hong Kong Monetary Authority (HKMA) with Deloitte develops blockchain PoC for Trade Finance

Ethereum meet in Hong Kong

An Ethereum meet-up with Vitalik Buterin sponsored by METTA and hosted by Hong Kong’s wonderful Jehan Chu of Jen Advisors was organized in Hong Kong on April 1, 2017. Vtalik spoke about zk-SNARK (Zero Knowledge Proofs), also updated that team Ethereum is close to implement a Stage 1 version of Casper, and the full version with Metropolis. He also explained technical aspects of zk-SNARK as explained in “Quadratic Arithmetic Programs: from Zero to Hero” and Minimal Slashing Conditions with respect to upcoming Proof of Stake (POS) model.

He shared his thoughts about increasing adoption of general purpose usage of blockchain technology everywhere. “Ethereum will likely be one of the big ones”, he said.

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