If accepted by member states, this would mark the first formal effort by the bloc to explore interoperable digital currency systems for cross-border trade and tourism payments, according to a Reuters report.
Canaan’s shares were trading at around $0.79 at the time of writing. The stock has not traded above $5 since 2022, and last closed above $2 in October, according to market data.
Online discussions circulating on Chinese social media platforms show high-end homes in Shenzhen Bay, once considered among the most resilient property markets in mainland China, being weighed directly against assets such as Bitcoin, Nvidia shares, and BNB.
The collaboration will focus on expanding access to perpetual futures, lending products, and on-chain structured yield strategies for hedge funds, asset managers, and market makers, effectively bridging the gap between Wall Street and Web3.
The sale follows similar digital bond offerings in 2023 and 2024, as Hong Kong cements its position as a leading global hub for blockchain-enabled financial infrastructure.
