Vanuatu state-owned enterprise South Pacific Digital Technology has come to Hong Kong to set up its headquarters and is interested in applying for a stablecoin issuer license. In the future,

Hong Kong Wen Wei Po (Reporter Zeng Yejun) The South Pacific Republic of Vanuatu held a national resource promotion conference in Hong Kong today (25th). At the same time, South Pacific Digital Technology Holdings, led by the Vancouver government as the major shareholder, signed a memorandum of cooperation with Jiami Technology (8198), Yunzhisheng (9678), Tridens Investment and BitTrade Co., Ltd. on the spot. Zeng Xiangyun, executive director of South Pacific Digital Technology Holdings, said that the purpose of this cooperation with four technology companies is to deploy and develop Web3 fields, including digital assets, cryptocurrency trading platforms, payment technology and artificial intelligence; at the same time, it is considering applying for a stablecoin issuer license after the entry into force of the Stablecoin Ordinance of Japan on August 1, and it is expected to issue Hong Kong dollar stablecoins, while the application scenarios involve payment and trade.

Zeng Xiangyun revealed that the company has rented a 600-square-meter office in Wan Chai, Hong Kong as its operating headquarters. There are currently dozens of employees, saying that "it will invest a lot of money in Hong Kong". In the future, it will continue to hire more personnel and increase investment in Hong Kong according to development conditions. It is not ruled out that there will be an opportunity to list in Hong Kong (IPO) in the future. He pointed out that the company is optimistic that Hong Kong, as the world's major international financial center, has the advantage of "backing to the motherland and connecting the world", has the gathering of global talents and capital, and the SAR government is open to Web3, and is gradually improving the digital asset supervision system, including the supervision of stablecoins. Therefore, the company's operating headquarters is moved to Hong Kong, with the goal of using Hong Kong as a base to radiate the company's business globally.

He continued that the four technology companies that cooperated with this time each have their own advantages. Among them, Yunzhisheng is the first AI company listed in Hong Kong, Jiami Technology is also a Web3 company listed in Hong Kong. As for BitTrade, a large digital asset exchange in Japan, and Tridens Investment is an Australian digital asset platform company. Currently, South Pacific Digital Technology Holdings has deployed in Hong Kong, Australia and Japan through cooperation with the above four companies, and has subsidiaries in Australia and Japan. The role of Hong Kong's operating headquarters is to serve global business development.

He also said that he met with Chief Executive of the SAR Government Li Jiachao this morning and also communicated with the HKMA, saying that the SAR government welcomed South Pacific Digital Technology to invest and practice business in Hong Kong. Currently, the company's largest single shareholder is the Vanuatu government, with less than 50% of the shares. There are other different investors, some of which come from the private market. Some Hong Kong listed companies are now negotiating for investment, and details are to be announced in the future.

Zeng Xiangyun, executive director of South Pacific Digital Technology Holdings. (Photo by reporter Zeng Yejun)

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