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NOV 04 2022

ARTA TechFin Received "Best Technology Award" of CBDC Track

CBDC Track Best Tech Award.jpg

We are thrilled to share that ARTA TechFin has received the Best Technology Award of the Global Fast Track 2022 - Central Bank Digital Currency (CBDC) Track Pitching Competition by the Hong Kong Monetary Authority (HKMA). There are a total of 15 use cases for the HKMA and we are one of them in the field of liquidity management.

This is a recognition of our efforts in providing CBDC solutions. As ARTA TechFin's CEO Eddie Lau said at the panel on Day 2 of Hong Kong FinTech Week 2022, CBDC creates a payment system without central intermediaries and makes transactions happen in real-time. It is also a perfect payment for villagers and the underpriviledged who may have no internet and no bank accounts, promoting financial inclusion.

As the SAR government announced the city will pilot financial applications of Web3 technology, we believe Hong Kong will become a unique place with both security token market and payment infrastructure with CBDC, with the back of the rise of CBDC in Mainland China. ARTA TechFin will continue to advance the development of virtual assets in Hong Kong with the goal of transforming the city into a global virtual asset hub.