Convergence of traditional and digital asset communities emerges as key theme for flagship conference
Hong Kong, 5 November 2021 – AAX today concluded its physical participation as Diamond Sponsor of Hong Kong FinTech Week 2021. Over two days, AAX’s sessions highlighted the key themes of the conference: the growing convergence of digital financial technologies with the traditional financial community, and the opportunities from the rapid adoption.
The city’s flagship fintech conference took place in a hybrid format for the very first time, lending AAX the forum to connect Hong Kong with the rest of the world and offering visitors the chance to participate in a Non-Fungible Token (NFT).
“The convergence of crypto and the traditional financial system is a tremendous opportunity for Hong Kong to beef up its role, given its status as Asia’s leading financial centre,” said Toya Zhang, Deputy COO. “Crypto is still in its infancy, but the adoption rate has increased by more than 800% this year. The toddler is growing up really fast.”
At the conference’s sixth edition, AAX constructed an NFT which played with the idea of crypto celebrity ‘gods’ and their impact on the market. Visitors to the booth had the unique opportunity to create their first-ever NFT artwork with NFT.
“NFTs aren’t just about art. It’s about owning something inside a digital environment and building value inside the virtual world,” said Ben Caselin, Head of Research and Strategy. “We tend to see crypto as another asset to add some diversification to our portfolios. It’s also a paradigm shift and a new foundation for the economy. We’re only just beginning to discover what we can build on top of that.”
AAX is the world’s first crypto exchange to be powered by LSEG Technology, and the first to make the switch to the Satoshi Standard (SATS) to drive the adoption of Bitcoin.
About the Hong Kong FinTech Week
Hong Kong FinTech Week 2021, organized by the Financial Services and the Treasury Bureau and InvestHK and co-organized by the Hong Kong Monetary Authority, the Insurance Authority and the Securities and Futures Commission, is Asia’s fintech event. It will be a hybrid event held online and at the Hong Kong Convention and Exhibition Centre from 1-5 November 2021. Find out more about the Hong Kong FinTech Week here: https://www.fintechweek.hk/.
Favored by more than a million users in over 100 countries, AAX is the world’s first cryptocurrency exchange to be powered by LSEG Technology, and the first to make the switch to the Satoshi Standard (SATS) to drive the adoption of Bitcoin.
Connecting traders, innovators, NFT-artists, high-net-worth investors as well as the unbanked, AAX’s mission is to help ground digital assets in the real world and bring the benefits of sound money to everyone. aax.com