Hong Kong – 5th November, 2018 – From October 31to November 2nd, 2018, Blockchain Token Group Co., Ltd. Launched at the world’s first cross-border financial technology event – 2018 Hong Kong FinTech Week. It is understood that Blockchain Token Group Co., Ltd. (hereinafter referred to as ‘BTG’) is a blockchain technology research and development company that focuses on the exploration of blockchain technology and its application to the development of physical enterprises. It is a leading provider of solutions for transformation of enterprise token economy through blockchain technology.
Blockchain Token Group Co., Ltd. CEO Royce NG
Blockchain technology, as a newly emerging technology highly in line with the financial field, has injected fresh vitality into the vigorous development of Hong Kong’s financial science and technology ecosphere. Royce NG, CEO of BTG said that financial technology has become the main driving force for innovation and development of enterprises. As a breakthrough technology, blockchain will realize the ecological application of a wide range of application scenarios in many fields, enabling enterprises to carry out all economic activities in a safe and credible environment and improve the security and efficiency of enterprise operations. We hope that more and more real enterprises can achieve brand-new reform and development through blockchain technology, create a safe, efficient and trustworthy social business environment, break through the shackles of high cost, low trust, single ecological development mode and higher commercial value faced by the development of real enterprises to fundamentally solve the problem of complicated production relations, opaque profit distribution, and complicated industry combination.
Blockchain Token Group Co., Ltd. COO Richard Wang
At the event, BTG demonstrated its new service system of blockchain underlying technology and advanced blockchain product portfolio through open booths and on-site blockchain technology product demonstrations, attracting the attention of many exhibitors. The staff at the scene vividly and stereoscopically introduced the design and solution of the DAC public chain tokenomic model in the form of case sharing. Most of the participants expressed strong interest in Digital Asset Chain (DAC) public chain technology of BTG. From the introduction of Richard Wang, the COO of the group, we learned that the BTG has successfully implemented a full-ecological product portfolio such as sidechain development, smart contract design, blockchain browser, digital wallet, blockchain mall, and digital asset exchange based on the DAC public chain.
In addition, on the exhibition, BTG has launched Blockchain Enterprise Management Tools (BEMT), a management tool for blockchain enterprises. Based on DAC, it has achieved transparent asset circulation and business circulation upstream and downstream of the industrial chain, which has won wide acclaim. At present, many enterprises have realized the transformation from traditional business model to blockchain through DAC public chain and blockchain management tool BEMT, and achieved rapid development through the abundant blockchain product system of BTG.
On the second day of the exhibition, the Hong Kong Securities and Futures Commission (SFC) issued a new regulation on virtual assets, requiring that funds with more than 10% of the asset size (AUM) as virtual assets can only be sold to professional investors. Any fund or broker that invests in virtual assets needs to register with the SFC.
Ashley Alder, Chief Executive Officer, Hong Kong Securities and Futures Commission (SFC)
The Hong Kong SFC announced that it has introduced a regulatory sandbox to provide eligible companies with a restricted regulatory environment for their use of financial technology for regulated activities. The Sandbox is designed to enable qualified companies to communicate closely with the SFC and be closely monitored to identify and deal with risks or concerns related to their regulated activities and then provide services to the public in Hong Kong.
This is Hong Kong’s positive attitude towards the development of blockchain technology and the digital industry. It is a gesture of reasonable attempt to incorporate supervision. Its effectiveness provides some reference for how to effectively integrate the blockchain into the long-term regulatory mechanism in the future in mainland China.
Royce NG said that the blockchain has played a positive role in reshaping the credit industry. The development of science and technology will bring about a big step forward in the financial economy. The new economy, new regulation, and new finance will provide a wide range of application scenarios for blockchain technology. We believe that this day will come soon.
About Hong Kong FinTech Week
FinTech Week is the world’s first cross-border financial technology event, taking place in Hong Kong, Asia’s financial capital, and in Shenzhen, China’s Silicon Valley. It’s one of the largest conferences on the calendar, attracting more than 8000 senior executives and featuring over 200 of the world’s top FinTech founders, investors, regulators, and academics, who are shaping the future of financial services by driving a technological revolution in the industry across Asia and globally.
About Blockchain Token Group Co., Ltd.
Blockchain Token Group Co., Ltd. (BTG) is a blockchain technology research and development company that is dedicated to the exploration of adoption of blockchain technology to the enterprise.
We are a pioneer of providing of enterprise-wide tokenomic transformation.
Blockchain technology is to establish a mutual trust environment by letting all participants jointly record and maintain a reliable data log in the system through technologies such as cryptography.
The DAC (Digital Asset Chain) is a comprehensive blockchain application platform that integrates digital asset distribution and seamlessly interfaces with traditional databases.
After assessing the real assets such as real estate, commodities, equity, and securities, the corresponding digital assets are generated on the chain to achieve the interaction and circulation of physical assets and digital assets.
At the same time, all asset transaction records can be stored on the same chain and some traditional databases.
Company Name: Blockchain Token Group
Contact Person: Grace Zhung
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