ZA Adds Digital Asset Capabilities
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ZA International has established a partnership with BC Technology Group which operates the city’s only licensed digital asset platform. ZA International and BC Technology Group have entered into a mutual collaboration agreement, according to a statement. ZA will use BC Technology Group as its exclusive digital asset trading partner via its Hong Kong-licensed digital asset platform OSL.
On the other hand, BC Technology will leverage ZA’s tech capabilities in areas such as facial recognition and machine learning to enhance user experience on its trading platform.
Both ZA and OSL remain in growth mode with the former reportedly considering the acquisition of Hong Kong’s largest non-bank lender late last year and the latter recently making a series of global hires.
The digital asset industry presents a thriving future, and fintech companies are well-positioned to promote the universal application of digital assets in Hong Kong through capitalizing on their technological advantages, said ZA International president Wayne Xu.
Questions & Answers
Q.What is the primary purpose of the partnership between ZA International and BC Technology Group?
What is the primary purpose of the partnership between ZA International and BC Technology Group?
ZA International will use BC Technology Group as its exclusive digital asset trading partner via OSL, their Hong Kong-licensed digital asset platform. BC Technology will in turn use ZA's tech capabilities, such as facial recognition and machine learning.
Q.How will BC Technology Group benefit from this collaboration with ZA International?
How will BC Technology Group benefit from this collaboration with ZA International?
BC Technology Group will utilise ZA's technological expertise in areas like facial recognition and machine learning. This is intended to improve the user experience on BC Technology's digital asset trading platform, OSL.
Q.What does ZA International reportedly plan to do in addition to this partnership?
What does ZA International reportedly plan to do in addition to this partnership?
ZA International is reportedly considering the acquisition of Hong Kong's largest non-bank lender. This potential acquisition was noted as being under consideration late last year, indicating growth plans.
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