JD Coinlink company
Overview
JD Coinlink Technology, the stablecoin-focused fintech arm of Chinese e-commerce company JD.com, has been accepted into the Hong Kong Monetary Authority's sandbox for stablecoin issuers. The unit is building a Hong Kong dollar stablecoin with a 1:1 peg to HKD, to be issued on a public blockchain. Its reserves will be placed with licensed financial institutions and undergo regular audits. JD.com has filed trademark applications for names including Jcoin and Joycoin. The company has stated that the stablecoin will first target cross-border B2B payments, with consumer-facing applications to follow later. It also plans to pursue licences in other major currency jurisdictions.
Within The Counterparty graph, JD Coinlink connects to 2 tracked entities, most strongly to HKMA, HKMA Stablecoin Issuer Sandbox.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
regulated_by | HKMA | 85% |
complies_with | HKMA Stablecoin Issuer Sandbox | 85% |
Frequently asked questions
What is JD Coinlink?
JD Coinlink is an other tracked in The Counterparty knowledge graph. It is connected to 2 other tracked entities, most strongly to HKMA, HKMA Stablecoin Issuer Sandbox.
What type of entity is JD Coinlink?
JD Coinlink is classified as an other (company) in The Counterparty knowledge graph.
What is JD Coinlink connected to?
In The Counterparty knowledge graph, JD Coinlink is linked to 2 other tracked entities, most strongly to HKMA, HKMA Stablecoin Issuer Sandbox.
Sources
Facts in this record were checked against the following. Where a claim is not covered here, the record states only what the graph holds.