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The announcement comes as Hong Kong works to brand itself as Asia's digital assets trading hub.

Multiple Ethereum NFT funds were also among the backers, marking their first investment in a Bitcoin-focused company.

Even if the Federal Reserve were close to recommending a central bank digital currency (CBDC) in the U.S., Chair Jerome Powell told lawmakers that the Fed has zero interest in a system in which it would have a view into user data.

Kamino is the latest Solana-based DeFi protocol to airdrop a token.

Kwon successfully appealed a previous decision by the same court to send him to the U.S. instead.

Chief marketing officer Michal Ferguson joins from cybersecurity platform Snyk, following the appointment of new CFO Michael Levine, and chief customer officer Madan Gadde.

Adoption of the central bank digital currency pales in comparison to the use of cash in the country.

Users can create individually owned and compliant bank accounts and use USDC stablecoins as the default deposit currency.

Nigeria's government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken.

Prices of Solana’s SOL are up nearly 600% over the past year, CoinGecko data shows.

Project Ensemble will "seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money," HKMA said.