Singapore - August 15, 2024 - Cobo, a trusted leader in digital asset custody and wallet infrastructure, co-hosted an exclusive cocktail party in Hong Kong alongside Legend Trading, RD Technologies, and Stella Pay. The event aimed at fostering industry dialogue and exploring the future of Web3 in Hong Kong. It brought together key stakeholders from traditional finance and the crypto industry, including members of the Hong Kong Legislative Council, representatives from InvestHK, crypto exchanges, and venture capital firms.

Discussions centered on Hong Kong's Web3 landscape, regulatory developments, technological advancements, and future market trends. During the soirée, Cobo shared its strategic vision and introduced Cobo Portal, the industry’s first unified digital asset wallet platform that integrates all 4 wallet technologies – Custodial Wallets, MPC Wallets, Smart Contract Wallets, and Exchange Wallets. By combining a comprehensive suite of wallet solutions, coupled with robust risk controls and developer tools, Cobo Portal empowers organizations and developers to innovate and scale with ease.

To further enhance organizational operations and accelerate developer workflows, Cobo also unveiled a new application store where third parties can build and deploy specialized applications. By partnering with third-party developers, Cobo aims to offer a diverse range of applications, such as OTC trading, lending, crypto payments, asset management, DeFi tools, and regulatory compliance solutions. These integrations are designed to address a wider spectrum of business needs.

Cobo recently announced a strategic partnership with RD Technologies, becoming the preferred wallet partner for RD Technologies’ upcoming Hong Kong Dollar Stablecoin (HKDR). Together, the two parties will conduct real-world trials of the stablecoin and promote its widespread adoption. This partnership not only serves to inject new vitality into Hong Kong's digital finance landscape, but also reaffirms Cobo's role in advancing the Web3 ecosystem in Hong Kong. Cobo remains committed to building a prosperous, secure, and compliant Web3 ecosystem in Hong Kong through ongoing partnerships with industry leaders.