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 <p class="is-style-lead">The Hong Kong Exchanges and Clearing Limited (HKEX) plans to release Synapse, its acceleration <a rel="noopener noreferrer nofollow" title="platform" href="https://thebittimes.com/tag/platform.html">platform</a>, that will be <a rel="noopener noreferrer nofollow" title="powered" href="https://thebittimes.com/tag/powered.html">powered</a> by DAML <a rel="noopener noreferrer nofollow" title="smart" href="https://thebittimes.com/tag/smart.html">smart</a> contracts as from Oct. 9.</p>
 <h2 class="wp-block-heading" id="available-on-stock-connect">Available on Stock Connect&nbsp;</h2>
 <p>The&nbsp;press release&nbsp;on Oct. 4 revealed that Synapse will be available on Stock Connect, an HKEX channel that enables investors to access 1,000 Mainland Chinese stocks through routing in Hong Kong.</p>
 <p>HKEX Synapse is set to establish a crucial linkage with The Depository Trust &amp; Clearing Corporation through its ITP service.</p>
 <p>This integration can benefit global investors and HKEX participants, powering central matching of cross-border transactions through DTCC’s CTM service.&nbsp;</p>
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 <p>As a result, <a rel="noopener noreferrer nofollow" title="settlement" href="https://thebittimes.com/tag/settlement.html">settlement</a> instructions will be automatically generated and transmitted to the Synapse <a rel="noopener noreferrer nofollow" title="platform" href="https://thebittimes.com/tag/platform.html">platform</a>. This will simplify trade confirmation and <a rel="noopener noreferrer nofollow" title="settlement" href="https://thebittimes.com/tag/settlement.html">settlement</a> notification process.</p>
 <h2 class="wp-block-heading" id="hong-kong-aims-to-be-a-web3-hub">Hong Kong aims to be a web3 hub</h2>
 <p>In late September, the city state said it plans to be crypto-ready. Hong Kong is already drafting supportive crypto regulations.</p>
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 <p>The announcement of the settlement platform release marks another development toward Hong Kong achieving recognition as a major web3 hub.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/hong-kong-stock-exchange-launches-smart-contract-powered-settlement-platform-tbt65193.html">https://thebittimes.com/hong-kong-stock-exchange-launches-smart-contract-powered-settlement-platform-tbt65193.html</a></p>

Hong Kong Stock Exchange launches smart contract-powered settlement platform

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