Mar 25, 2023 06:53 PM

FINANCE

Macao-Based Blockchain Asset Exchange Starts Trial Operation

By Wang Xiaoqing and Ding Yi

What’s new: Micro Connect, a fintech startup led by former Hong Kong Stock Exchange chief Charles Li, on Saturday started trial operation of a Macao-based, blockchain-enabled financial assets exchange which helps China’s micro and small businesses to raise funds from global investors.

Micro Connect (Macao) Financial Assets Exchange Co. Ltd. deals with trading of Daily Revenue Contract Certificates (DRCCs), a new asset class that entitles holders to receive daily revenue shares from the businesses they invest in, Micro Connect co-founder Zhang Gaobo told Caixin.

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